The Sichuan Leshan Intermediate People's Court upgraded the trial of a virtual currency foreign exchange trading case and clarified the definition of a new crime.

th that, according to China National Radio, the "illegal business operation case" involving Wan Mouyuan and others, which was escalated to a higher level by the Leshan Intermediate People's Court in Sichuan Province, involved identifying the nature of foreign exchange transactions using virtual currency as a medium of exchange. This constitutes a new type of crime committed using new technologies and methods. This escalation by a higher court clarifies the nature of the criminal conduct, contributing to unified adjudication standards and safeguarding national financial security.