Shanghai Second Procuratorate: Using virtual currency for foreign exchange transactions constitutes illegal foreign exchange trading

ChainCatcher news, the Second Branch of the Shanghai Municipal People's Procuratorate stated on its official WeChat account that recently, the Second Branch of the Shanghai Municipal People's Procuratorate legally filed a public prosecution in a case involving the illegal buying and selling of foreign exchange using virtual currency, which received judicial support. The court sentenced the defendant Wang to 3 years and 3 months in prison for the crime of illegal business operations and imposed a fine of 30,000 yuan. This case is a new type of crime involving the illegal buying and selling of foreign exchange using virtual currency as a medium. (Source link)