China Holds Investors Solely Responsible for Crypto Losses
Nine Chinese government departments, led by the People's Bank of China, have issued a directive placing full financial risk on individual investors engaging with virtual currencies and tokenized real-world assets. Transactions deemed to contravene public order are legally void, offering no judicial protection for losses.
Entities facilitating these activities, including offshore platforms serving Chinese residents, face administrative penalties or criminal prosecution. The new framework explicitly covers RWA tokenization. Investors engaging in acts violating "public order and good morals" have no civil legal recourse. This emphasizes a principle of "self-responsibility" amidst evolving financial technologies.
Cryptovka
China Issues Stern Warning: Investors Liable for Crypto Losses
Chinese regulatory authorities have intensified their crackdown on digital asset trading by issuing a joint directive that places the full burden o...
