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An official of the Chinese Party receives a life sentence for supporting Bitcoin.
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The charges include a life sentence for influencing Bitcoin business with financial subsidiaries.
Bitcoin mining is not supported in China. There is a large opposition within the country against cryptocurrency. The country has implemented a ban in 2021. Xiao Yi, the Chinese Party official for bribery and abuse of power, and mainly for supporting Bitcoin.
On August 22, the Hangzhou Intermediate People’s Court declared him guilty of bribery and misuse of power. The reports highlighted that the total number of bribes provided is around $17.4 Million. The total illegal acceptance of the property is equivalent to more than 125 Million Yuan.
The bribery charges are labeled huge but the misuse of the power is regarded as a serious issue. His involvement with the Bitcoin mining operations has raised the abuse of power.
As a Chinese party official, Yi has used the power wrongl
We współpracy z: https://www.thecoinrepublic.com/2023/08/26/bitcoin-mining-operations-land-chinese-party-official-in-prison/
