The court defined substantial amount fundraising as over 100,000 yuan ($15,800). If the fundraiser involves a large sum of 50 million yuan, a loss of at least 25 million yuan, or 5,000 people, it is considered very serious and could result in a decade in prison. Although Beijing’s anti-crypto drive began years before, last year’s […]
The post <strong>China Made Cryptocurrency Fundraising Illegal, And Those Who Break It May Face Prison Time</strong> appeared first on The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News.
Source: https://www.thecoinrepublic.com/2022/02/26/china-made-cryptocurrency-fundraising-illegal-and-those-who-break-it-may-face-prison-time/