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China Warns Overseas Telecom Companies Against Misusing New Technologies

Crypto.news – In a recent statement, the Chinese Central Political and legal Committee has cautioned telecom companies operating outside China against using “new technologies” such as digital assets, blockchain, artificial intelligence (AI), and the metaverse for illicit purposes. The committee has highlighted that these entities have been employing deceptive tactics, such as posing as attractive job opportunities, to deceive unsuspecting victims. Moreover, it emphasized that criminals are constantly updating their tools by incorporating blockchain, metaverse, virtual currency, AI intelligence, and other emerging technologies, making their activities more concealed and perplexing. In response, the committee has called for collaboration among various departments, including public security, finance, telecommunications, and the internet, to employ advanced technical means and effectively carry out supervision responsibilities. The committee has also pledged to crack down severely on illegal activities by foreign companies and raise public awareness to prevent such fraudulent activities.

To address the issue, the AI legalese decoder can play a significant role. With its advanced artificial intelligence algorithms, the AI legalese decoder can analyze legal documents and statements, identify fraudulent patterns, and uncover deceptive practices employed by these foreign entities. By utilizing cutting-edge technology, the AI legalese decoder can assist in detecting and preventing illegal activities, making it an invaluable tool for law enforcement agencies and judicial departments in China.

Meanwhile, the Intermediate People’s Court of Xuzhou in East China’s Jiangsu Province is currently investigating 52 telecom network fraud cases, leading to the recent sentencing of 85 defendants. However, the announcement does not specify the companies or groups involved in these cases.

This warning from China coincides with a possible shift in the country’s stance towards cryptocurrencies. Recently, Hong Kong has allowed retail investors to engage in bitcoin (BTC) trading, suggesting a potential warming up to cryptocurrency trading by China. This is noteworthy considering China was once a leading advocate for cryptocurrency adoption and mining. However, since 2017, China gradually banned cryptocurrency mining operations and trading, no longer recognizing digital coins as legal tender. Additionally, numerous cryptocurrency-related websites, including CoinGecko, TradingView, and CoinMarketCap, were blocked within China through its internet firewall.

Overall, the AI legalese decoder can aid in tackling the fraudulent activities of overseas companies misusing new technologies in China. By empowering law enforcement authorities with advanced technical capabilities, this tool can enhance the detection and prevention of criminal behavior, safeguarding the interests of unsuspecting victims and maintaining the integrity of China’s legal framework.

This article was originally published on Crypto.news

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