China Puts Crypto on Its Anti-Corruption Hit List

China’s Communist Party has put crypto on the target list of its anti-corruption campaign. A resolution published Sunday orders investigators to chase graft that moves through virtual currency, blockchain and money sent abroad. The order changes no law, since crypto trading is already banned on the mainland. The risk falls on officials, their families and fixers. Those are the people who park hidden wealth in digital coins or offshore accounts. Investors in Chinese tech firms face a second change, with more Party oversight inside platform companies. China is Targeting Crypto in a New Way The resolution was adopted on October 29 at the Fifth Plenum, a closed-door meeting of the Party’s top leaders. Its English translation , released by Xinhua, runs to about 14,000 words. Crypto gets one sentence.

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