Supreme People's Court: Conduct in-depth research on judicial response measures for new types of cases such as virtual currencies, and improve the financial judicial protection system

Foresight News reports that Wang Chuang, the head of the Civil Second Division of the Supreme People’s Court, stated during the press conference on “The People’s Court Civil and Commercial Trial Service Guarantee for High-Quality Economic and Social Development” that “in the future, we will focus on promoting the formulation of judicial interpretations on civil compensation for insider trading and market manipulation in the securities market, conduct in-depth research on judicial responses to new financial cases such as private equity funds and virtual currencies, and improve the financial judicial protection system.”

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Cambodian lawmakers propose severe prison time for crypto scammers

Cambodia's parliament passed legislation targeting compounds used to defraud victims through scams, including those involving cryptocurrency. In a Friday notice, the Senate of the Kingdom of Cambodia announced that the chamber had unanimously approved the draft law with no amendment, with 58

Cointelegraph1h ago

Nevada judge extends ban on Kalshi, rejects event contract defense

A Nevada judge has reportedly extended a ban preventing Kalshi from offering event-based contracts in the state, ruling that the products constitute unlicensed gambling under state law. Judge Jason Woodbury said at a hearing in Carson City on Friday that he will grant a preliminary injunction

Cointelegraph9h ago

Prediction: the market platform will accelerate its expansion in Asia; regulatory gray areas are the biggest challenge for further growth

Polymarket and PredicXion are expanding into Asian markets and launching Chinese-language support to drive localization. However, countries such as China and India lack clear regulation for blockchain prediction markets, and there are strict restrictions on gambling activities, which affects market expansion. The difference between prediction markets and gambling is their ability to aggregate information.

GateNews11h ago

Polymarket takes down market on missing US pilot after backlash

Polymarket removed a market tied to the fate of a missing US service member after mounting backlash, saying the listing violated its “integrity standards.” The controversy erupted after a prediction market appeared asking whether US authorities would confirm the rescue of a pilot reportedly shot

Cointelegraph13h ago

A prediction market platform delisted a “Missing U.S. military aviator” prediction market, saying it violated integrity standards.

A prediction market platform removed markets about the fate of a missing American pilot for violating the “integrity standards,” triggering controversy. U.S. House lawmakers criticized such betting as “disgusting” and questioned rule transparency. Meanwhile, concerns about insider trading have intensified, and regulators are calling for stronger restriction measures.

GateNews13h ago
Comment
0/400
No comments