[Draft Cybercrime Prevention Law May Have Far-Reaching Impact on Mainland China's Crypto Ecosystem] On January 31, 2026, the Ministry of Public Security released the draft of the *Cybercrime Prevention Law (Draft for Public Comment)* for public consultation. The draft focuses on core areas of the crypto industry, including OTC fund flows, technology development, and public chain node operations. The law explicitly broadens the scope of "knowledgeable intent" recognition, increasing compliance costs for the OTC sector; stipulates that technical support activities may face criminal liability, and introduces "long-arm jurisdiction" provisions; requires blockchain nodes to possess monitoring and blocking capabilities, posing challenges to decentralized public chains. Legal experts recommend that industry participants strictly implement compliance measures such as KYC and anti-money laundering risk controls to cope with regulatory upgrades.