Gate News bot message, according to lawyer Liu Zhengyao’s analysis, “The crypto world distant ocean capture” describes a phenomenon where some judicial authorities carry out inter-provincial law enforcement and revenue generation under the guise of cracking down on Virtual Money. The Ministry of Public Security has released new regulations to restrict inter-provincial cases involving enterprises. However, since most crypto world enterprises are relatively small in scale, the protective effect of this new regulation is limited.
The crypto world involves various criminal risks and falls under the category of cybercrime, which presents multiple law enforcement nodes in terms of jurisdiction. Currently, there is still a conflict between the decentralized operation model of the crypto world and the centralized regulatory system.
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