{"id":37197,"date":"2022-02-25T05:01:39","date_gmt":"2022-02-25T05:01:39","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=37197"},"modified":"2022-02-25T05:01:39","modified_gmt":"2022-02-25T05:01:39","slug":"cryptocurrency-fundraising-is-a-criminal-offence-in-china-under-new-legal-interpretation-from-supreme-court-2","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=37197","title":{"rendered":"Cryptocurrency fundraising is a criminal offence in China under new legal interpretation from Supreme Court"},"content":{"rendered":"<p>Source: Tech &#8211; South China Morning PostCryptocurrency fundraising is now a criminal offence in China, the country\u2019s top court said in a new interpretation of national law.Penalties for such fundraising depend in part on the value of the amount raised, according to the interpretation by the Supreme People\u2019s Court published on Thursday. Fundraising that exceeds 100,000 yuan (US$15,800) is categorised as a \u201clarge amount\u201d. If it involves an \u201cextremely huge\u201d amount of 50 million yuan, a loss of at least 25 million yuan or involves 5,000\u2026<a href=\"https:\/\/www.scmp.com\/tech\/policy\/article\/3168346\/cryptocurrency-fundraising-criminal-offence-china-under-new-legal?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Tech &#8211; South China Morning PostCryptocurrency fundraising is now a criminal offence in China, the country\u2019s top court said in a new interpretation of national law.Penalties for such fundraising&hellip; <\/p>\n","protected":false},"author":0,"featured_media":37198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/37197"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37197"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/37197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/37198"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37197"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}