China's Supreme Court Targets Crypto Disposal in Cybercrime Crackdown

China's Supreme People's Court announced enhanced enforcement measures against upstream cybercrime operations on November 13, Cailianshe reports. The Eighth National Criminal Trial Work Conference emphasized addressing emerging challenges including virtual currency disposal in criminal cases, cross-border online gambling, and jurisdictional issues in cybercrime prosecutions. The court mandated stricter penalties for personal information violations and industry insiders involved in illicit activities, with potential lifetime bans from relevant sectors, while requiring online platforms to strengthen regulatory compliance.