Is it true? China Cryptocurrency ban, passed the law for up to 10 years in prison for crypto transactions

A recent article has gone viral and many digital coin holders are panicking, but a quick look at the article has obvious loopholes. The latest judicial interpretation referred to in this article actually targets illegal fundraising, and the interpretation adds a crackdown on non-sucking behavior such as P2P, virtual currencies, and pension scams. The general trading of cryptocurrencies by individuals who are not involved in illegal fundraising, but merely general trading, does not constitute the elements of a sentence of 10 years or more. The Chinese Supreme Court has been trying to ban cryptocurrency transactions on Chinese soil for some…