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China party pushes tougher crypto bribe crackdown, no new trading ban

China party pushes tougher crypto bribe crackdown, no new trading ban
AI summary

China's Communist Party is calling for tougher enforcement against corruption involving cryptocurrencies, blockchain and cross-border funds. The push targets bribery and graft rather than introducing a new trading ban. Traders should watch for stricter scrutiny of crypto-linked capital flows in China, which could weigh on regional sentiment even without a formal policy change.

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