PANews reported on December 8 that according to the official account of the Shanghai Second Intermediate People's Court, the Shanghai Second Intermediate People's Court issued a criminal trial white paper on "giving equal importance to crime control and governance", which disclosed that since 2019, more than 600 cases of crimes involving quasi-financial trading platforms have been concluded. From the perspective of investment types, the investment items of quasi-financial trading platform crimes are varied and constantly evolving, from the initial spot investment in stamps, calligraphy and paintings to financial investments such as futures, options, stocks, and foreign exchange transactions, and now extending to emerging fields such as NFT (digital collections) and digital currencies. From the statistical data, the top three investment items in terms of case volume are futures, stocks, and virtual currencies, accounting for about 50%, 20%, and 11% respectively. Criminals often use WeChat official accounts, mini-programs, and live broadcasts to promote so-called "virtual currencies" and other content, resulting in the continuous expansion of the scope of related illegal information and the continuous increase in the number of victims.
Shanghai Second Intermediate People's Court: Financial trading platform crimes have shifted to emerging fields such as NFT, and virtual currency cases have accounted for 11% since 2019
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