How do Chinese police track and seize cryptocurrency? Rare paper reveals forensic tools

Chinese police have detailed their methods for tracking, seizing, and freezing cryptocurrency in a technical report, revealing sophisticated forensic tools. Despite cryptocurrencies like Bitcoin and Ethereum being illegal in China since a 2021 ban on their use as currency, and further restrictions on stablecoins and tokenized assets this year, criminals continue to use them for illicit activities such as scams, gambling, and money laundering. This is due to the perceived anonymity and lack of central authority approval for crypto transactions. The report highlights the advanced capabilities Chinese law enforcement possesses to counter these activities.