China proposes tougher crypto crime measures

• Chinese prosecutors proposed stronger measures to investigate cryptocurrency-related crime.
• The proposal focuses on privacy coins and new blockchain investigation tools.
• Officials said better technology is needed to trace illicit crypto transactions.

Chinese prosecutors proposed stronger tools to investigate cryptocurrency-related crime, with a focus on privacy coins.

The proposal calls for wider use of technology to trace digital asset transactions linked to criminal activity.

Prosecutors said privacy coins make some cryptocurrency transactions harder for investigators to track.

The proposal also recommends better blockchain analysis tools to support criminal investigations.

Chinese authorities continue to ban cryptocurrency trading while increasing enforcement against crypto-related crime.

Privacy coins use technology that can make transaction details more difficult to identify than public blockchain networks.

The proposal has not changed China's cryptocurrency laws but outlines possible future enforcement priorities.