"Chinese Court Rules Cryptocurrency Futures as Gambling… Promoters and Employees Also Guilty"
Minseung Kang
Summary
- The Chinese court has ruled cryptocurrency futures as gambling.
- External promoters and employees were also found guilty.
- Most defendants received suspended sentences.
It is reported that a Chinese court has ruled cryptocurrency futures as gambling.
On the 30th, cryptocurrency specialized media Wu Blockchain reported on X (formerly Twitter) that "the Chinese court has ruled futures trading on cryptocurrency exchanges as gambling. External promoters and employees were all found guilty of opening a gambling establishment."
The media added, "Ultimately, most of them received suspended sentences."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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