China’s Communist Party Vows Crackdown on Corruption via Crypto and Blockchain

China’s ruling Communist Party has instructed its anti-corruption investigators to pursue graft routed through cryptocurrency and blockchain networks, in a resolution adopted at the fifth plenary session of the 20th Central Committee and released in full by the state news agency Xinhua on November 1. The document, titled “Resolution of the Central Committee of the Communist Party of China on Certain Major Issues concerning Persevering with Full and Rigorous Party Self-Governance,” was adopted on October 29 at the close of the plenary session, which sat in Beijing from October 26 to 29.