China's Ultimate Courtroom regulations that crypto transactions represent "unlawful fundraising"; violators withstand 10 years in jail and fines of as much as $79K (Eliza Gkritsi/CoinDesk)

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Eliza Gkritsi / CoinDesk:
China's Ultimate Courtroom regulations that crypto transactions represent “unlawful fundraising”; violators withstand 10 years in jail and fines of as much as $79K — The ruling paves the way in which for violators to be criminally prosecuted, with a punishment of as much as 10 years in jail and fines of as much as $79,000.

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