ChainCatcher news, according to a report by Poster News, on November 6, the police in Leshan, Sichuan disclosed a case of illegal operation, dismantling a major cross-regional underground bank crime network involving 13 provinces across the country, with an amount involved exceeding 38 billion yuan. Recently, the Leshan Intermediate People's Court made a ruling, sentencing three defendants to fixed-term imprisonment ranging from two years and six months to thirteen years and six months for the crimes of illegal operation and issuing false value-added tax invoices.It is reported that the case involved virtual currency transactions and cross-border fund transfers, with the operational information being complex and mixed, amounting to over 20 million pieces of data. According to the police officers in the special case team, a total of 37 cases have been filed by public security organs nationwide, and 176 criminal suspects have been arrested, successfully dismantling this major cross-regional underground bank crime network involving 13 provinces and an amount exceeding 38 billion yuan. Currently, relevant cases are being further investigated and tried in various places. Among them, the principal offender in this case has been sentenced to thirteen years and six months of fixed-term imprisonment by the Leshan Intermediate People's Court.

According to ChainCatcher news, the official website of the Sichuan Provincial Department of Economy and Information Technology reports that the Sichuan Provincial Department of Economy and Information Technology and 16 other departments have jointly issued the "Sichuan Province Metaverse Industry Development Action Plan (2023-2025)." (Hereinafter referred to as the "Action Plan")The "Action Plan" states that its main goals are to achieve a scale of 250 billion yuan for the province's metaverse-related industries by 2025; to establish a number of key laboratories, engineering (technology) research centers, and manufacturing innovation centers in the metaverse field as innovation carriers, and to create several public service platforms for common technologies; to develop 200 typical application scenarios of the metaverse in industries such as manufacturing, cultural tourism, education, and urban development; to cultivate 15 core leading enterprises in the metaverse sector, 150 "specialized, refined, distinctive, and innovative" enterprises in niche fields, and 300 innovative small and medium-sized enterprises. To build a "China Metaverse Valley" with global influence.

ChainCatcher news, according to a report by The Paper, multiple regions in Sichuan are continuously carrying out inspections and rectifications of virtual currency "mining" activities to prevent a resurgence of "mining." The official website of the Liangshan Prefecture Financial Work Bureau recently stated that in early August, it had conducted supervision and inspection of the "mining" rectification work at hydropower stations, rechecking confirmed shut-down virtual currency "mining" projects and urging the towns under the jurisdiction of the hydropower stations to implement the responsibility system for the rectification of virtual currency "mining" activities.The Development and Reform Bureau of Shimian County stated that since 2021, it has cleaned up and rectified 48 projects, identifying a total of 42 enterprises and individuals involved in virtual currency "mining" in the county, with over 126,000 mining machines discovered. Currently, all 191 small hydropower stations in the county have completed the clearance of virtual currency "mining" equipment.

ChainCatcher news, the Sichuan Provincial Department of Economy and Information Technology announced on August 15 that it is publicly soliciting opinions on the "Sichuan Province Metaverse Industry Development Action Plan (2023-2025) (Draft for Comments)." The plan proposes that by 2025, the scale of the province's metaverse-related industries will reach 250 billion yuan, empowering the digital transformation and intelligent upgrading of the manufacturing industry, and initially establishing a significant and influential metaverse industry development hub.

ChainCatcher news, reporters learned from the Sichuan Provincial High People's Court that recently, the Pengshan District Court in Meishan City adjudicated a case involving fraud through a self-made fake virtual currency trading platform. Seven defendants, including Hu and Yang, were sentenced to fixed-term imprisonment ranging from twelve years and six months to two years and ten months, with three years of probation, and were fined for the crimes of fraud and concealing or disguising criminal proceeds.From March 2020 to December 2020, Hu and Yang, along with others, utilized the registered Chengdu Jiarongteng Software Information Technology Co., Ltd. (referred to as Jiarongteng Company) to illegally operate a fake virtual currency investment platform called "Shengda Contract." They deceived customers into purchasing Tether by promising "capital protection investment and liquidation capital protection," then exchanged it for the platform's proprietary fake virtual currency PTC, and realized profits and losses by purchasing Bitcoin and other virtual currencies with PTC on the platform.The criminals controlled the backend data to manipulate the trends of virtual currency candlestick charts and trading results, falsely claiming that hackers had stolen coins to cover up the funding gap, defrauding customers of 1,443,981 Tether, equivalent to over 9.4 million yuan. Among the victims were classmates and friends of the defendants, and many were employees of Jiarongteng Company. (Source link)