The Beijing Procuratorate has revealed a case involving the use of virtual currency for offshore foreign exchange transactions, with the total amount exceeding 1.1 billion RMB. Authorities have disclosed that the case highlights significant concerns regarding the use of virtual currencies in illicit financial activities. The investigation has uncovered various individuals and entities engaged in these transactions, raising questions about regulatory oversight. The Procuratorate’s findings emphasize the need for stricter measures to combat the misuse of virtual currencies in foreign exchange dealings.
