China Says Crypto Anonymity Cannot Shield Criminals From Blockchain Tracing
4 Articles
4 Articles
(Beijing=Yonhap News) Correspondent Jung Sung-jo = China's counterintelligence agency warns against the use of virtual currency, stating that it is being utilized for illegal activities such as cyber attacks or anti-China activities...
Why Beijing is calling cryptocurrencies ‘accomplices’ in espionage
China’s top intelligence and security agency on Monday issued a stark new warning on the risks of cryptocurrencies, highlighting their role in crime and stressing that transactions are not anonymous. Here are three things to know about the fresh warning from the Ministry of State Security (MSS) and China’s latest stance on virtual assets. What did the ministry say about cryptocurrencies? Virtual currencies facilitated money laundering activities…
China Says Crypto Anonymity Cannot Shield Criminals From Blockchain Tracing
China’s Ministry of State Security has warned that cryptocurrency does not provide criminals with true anonymity, pointing to permanent blockchain records and offchain data that can connect wallet activity with real-world identities. Crypto’s perceived anonymity is only superficial, the ministry said in a September 28 security warning republished from its official WeChat account. Public blockchain… Continue reading China Says Crypto Anonymity Ca…
The Chinese Ministry of State Security has warned that cryptocurrencies are not a legal refuge for criminals. According to the authority, the risks associated with the anonymity of cryptocurrencies are often underestimated. Key points The Chinese Ministry of State Security (MSS) states that the anonymity of cryptocurrencies is an illusion, because blockchain data remain transparent [...]
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