In a significant development, Chinese official media has highlighted the growing concern over corrupt officials using cryptocurrency cold storage to illicitly transfer and transact funds internationally. This issue was a key focus at the annual meeting of the China Integrity and Legal System Research Association in 2023, where experts discussed the rise of new and hidden forms of corruption facilitated by virtual currencies and electronic gift cards, according to a report. Experts at the meeting emphasized the urgent need for both legislative and technological advancements to effectively comba…