China’s Communist Party has intensified its crackdown on corruption involving cryptocurrencies and cross-border financial activities. In a decision released via Xinhua News Agency on Sunday, the party called for stricter measures to address graft tied to virtual currencies, political-economic collusion, and the infiltration of capital into the political sphere.
The directive was adopted during the Fifth Plenum, a key leadership meeting held on October 29. The document outlines a framework for enhancing discipline, supervising officials, and combating corruption within the party. Authorities are urged to focus on cases where economic and political interests intertwine, particularly those involving digital assets.
The move underscores the party’s commitment to rooting out corruption, emphasizing the need for vigilance against financial misconduct that could undermine governance. The decision reflects ongoing efforts to tighten control over virtual currencies and their role in illicit activities.