The Communist Party of China’s Central Committee adopted a resolution on October 29 listing crypto-assets, blockchain and cross-border capital transfers as channels through which corruption must be combated. The text specifically targets officials whose wealth far exceeds their legitimate income, as well as the affairs of their spouses and children and their online activity. No new trading ban was imposed on Chinese holders, but oversight of cross-border capital flows and digital surveillance are expected to tighten. This crackdown, launched alongside the removal of 33 additional officials, is also interpreted as preparation for the Party Congress scheduled for the second half of 2027.
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