After the promulgation of the Financial Law, how much impact will it have on the Chinese cryptocurrency market? "(Author Liu Zhengzheng, Lawyer) The draft of the Financial Law comprehensively regulates financial activities, and virtual currency related transactions, issuance, promotion, etc. are all illegal financial activities. KOL sales will become unlicensed financial marketing, OTC funds will be easily frozen, and overseas currency issuance will also be restricted under penetrating supervision; For mainland project parties, issuing coins is illegal, and penetrating supervision will hold the actual controller accountable. Restrictions on outbound transactions may also be initiated earlier. In short, the risk in the cryptocurrency industry has significantly increased, and the regulatory process from administrative to criminal has become smoother. read the whole passage: https://www. (wublock123.com)/articles/china-crypto-market-impact-after-financial-law-58885