Ministry of Public Security: Fraud groups use new technologies such as blockchain and virtual currency to upgrade their criminal tools, which intensifies the offensive and defensive confrontation

Odaily News The Supreme People's Procuratorate, the Supreme People's Court and the Ministry of Public Security jointly held a press conference on "Punishing cross-border fraud crimes in accordance with the law to protect the legitimate rights and interests of the people". At the meeting, Zheng Xiang, deputy director of the Criminal Investigation Bureau of the Ministry of Public Security, said that fraud groups use new technologies and new formats such as blockchain, virtual currency, AI intelligence, remote control, and shared screens to continuously update and upgrade criminal tools, and the offensive and defensive confrontation with public security organs in communication networks and money laundering transfers is constantly intensifying.