China's Supreme People's Procuratorate Addresses Emerging Cybercrimes Involving Blockchain and Virtual Currencies

According to PANews, China's Supreme People's Procuratorate held a press conference on February 23, where Deputy Procurator Ge Xiaoyan discussed the current state of cybercrime and its connection to new technologies and industries. Ge Xiaoyan noted that cybercrimes are evolving alongside new technologies, such as metaverse, blockchain, and binary options platforms, leading to an accelerated growth of illegal and gray industries. Virtual currencies have become an important breeding ground for the growth of cybercrimes, with new types of cybercrimes constantly emerging. The Supreme People's Procuratorate is working to address these issues and protect the public from the potential dangers associated with these new technologies and industries.