The new regulations from the Ministry of Public Security impose restrictions on the law enforcement methods for "crypto world overseas fishing."
Gate News bot message, according to lawyer Liu Zhengyao's analysis, "The crypto world offshore capture" describes the phenomenon of some judicial authorities conducting cross-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 cross-provincial cases involving enterprises. However, since most crypto world companies are relatively small business entities, 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 case 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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