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China's State Council Calls for Strengthening Monitoring of Virtual Currency-Related Tobacco Smuggling

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The State Council General Office released the 'Opinions on Comprehensive Crackdown on Illegal Activities Involving Tobacco,' calling for tighter monitoring of tobacco smuggling via international transport and postal channels. Authorities will use on-chain analysis to track transactions involving virtual currencies and illegal online platforms. Enhanced on-chain data review aims to improve detection of cross-border smuggling networks. The move targets new methods used to evade customs and financial oversight.
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