The post China pushes to ‘severely punish’ crypto money laundering, assisted driving violations appeared on BitcoinEthereumNews.com. China’s Supreme People’s CourtThe post China pushes to ‘severely punish’ crypto money laundering, assisted driving violations appeared on BitcoinEthereumNews.com. China’s Supreme People’s Court

China pushes to ‘severely punish’ crypto money laundering, assisted driving violations

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

China’s Supreme People’s Court has revealed its plans to continue actively pursuing crypto money laundering, cyber violence and misuse of assisted driving features. 

The President of China’s Supreme People’s Court recently reported a 158.5% increase in tried cybercrime cases over the past five years, which is a part of a nationally coordinated effort to tackle violations committed using emerging technologies like AI and digital assets. 

How have China’s laws adapted to AI? 

During the fourth session of the 14th National People’s Congress (NPC) at the Great Hall of the People in Beijing, Zhang Jun, the President of the Supreme People’s Court, delivered a comprehensive work report on how China’s judicial system handles incidents when advanced technology and the law intersect. 

The report revealed that in the past five years, Chinese courts have tried 9,326 cases involving crimes that endanger network security. This involved 22,000 individuals and represents a sharp increase of 158.5% in the number of cases compared to the previous five-year period. 

The court has stated that it will strictly punish crimes such as money laundering and foreign exchange evasion conducted through virtual currencies. 

Beyond money laundering, the Supreme People’s Court has clarified that drivers are fully responsible for the safe operation of their vehicles, regardless of whether or not they are using assisted driving features.

Drivers have recently been abusing the assisted driving features, engaging in dangerous acts like sleeping or using mobile phones while their vehicles are in motion. Some have even tampered with safety mechanisms to trick the vehicle into thinking a human is actively monitoring the steering wheel.

In 2025, China’s automobile production and sales both exceeded 34 million units. Many of these units are New Energy Vehicles (NEVs) that are equipped with driving assistance systems. 

The court cited a specific case involving a defendant named Wang who, after consuming alcohol, activated his vehicle’s assisted driving function. The car’s safety sensors usually require the driver to keep their hands on the wheel, but Wang used an illegally installed device to trick the machine before moving to the passenger seat and falling asleep while the car was moving. The car eventually stopped near its destination, but it blocked the road, and passersby had to call the police.

Wang was convicted of dangerous driving. He was sentenced to one month and 15 days of criminal detention and ordered to pay a fine of 4,000 yuan (approximately $580).

Why is the SPC focusing on virtual currency and cyber violence?

The report points out that virtual currency has become a primary tool for individuals attempting to move money out of the country illegally or hide the proceeds of crime. The SPC hopes that singling out crypto-based money laundering will deter these bad actors.

The report also focused on “cyber violence” and the protection of personal privacy. The court noted that it is actively punishing online rumors and pyramid schemes. 

In one notable example, two young individuals were convicted for “human flesh searching”—a term used for doxxing or maliciously broadcasting a person’s private information online to incite harassment. 

The court’s focus on cyberspace security is intended to create a comprehensive management of the internet that ensures that digital interactions do not result in real-world harm.

There have been safety concerns regarding retractable handles on EVs, as they can fail during an accident, especially if the vehicle loses power. If the handles do not pop out as they are designed to, rescuers cannot open the doors from the outside to save trapped passengers. 

The government has announced that starting January 1, 2027, retractable handles on EVs are banned.

Source: https://www.cryptopolitan.com/china-to-punish-crypto-money-laundering/

Market Opportunity
ConstitutionDAO Logo
ConstitutionDAO Price(PEOPLE)
$0.007699
$0.007699$0.007699
-0.78%
USD
ConstitutionDAO (PEOPLE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Solana Price Prediction: ARK Projects $300B Liquidity Rebound as Pepeto Targets 267x From Presale

Solana Price Prediction: ARK Projects $300B Liquidity Rebound as Pepeto Targets 267x From Presale

After months of pressure on risk assets, the tide may finally be turning. ARK Invest expects roughly $300 billion to flow back into markets as the Treasury General
Share
Techbullion2026/03/10 09:06
Nasdaq-listed crypto treasury GD Culture to add 7,500 BTC after Pallas Capital acquisition closes

Nasdaq-listed crypto treasury GD Culture to add 7,500 BTC after Pallas Capital acquisition closes

Those tokens are worth around $876 million at current prices, making GDC among the top 15 largest publicly traded bitcoin holders.
Share
Coinstats2025/09/18 04:19