China bans fundraising using cryptocurrencies By Derek Black On Feb 24, 2022 Share Get real time updates directly on you device, subscribe now. Subscribe The Supreme Court of China has ruled that it will make any collection of funds in digital currencies illegal, equating these transactions with fraud. The new rules are formulated in the “Decision to Amend the Interpretation of the Supreme People’s Court on a Number of Matters Concerning the Specific Application of the Law in Criminal Trial of Illegal Fundraising”. The law added three more financial instruments to the four types of illegal activities: “Illicit development of...