No longer 'prohibiting transactions': The Cybercrime Prevention Law, led by the Ministry of Public Security, is reshaping the life-and-death line of the crypto circle. OTC, technology development, and public chain nodes, all three critical points have been named.
(Cybercrime Prevention Law): A severely underestimated legislative earthquake #Web3
On January 31, 2026, against the backdrop of severe market fluctuations due to liquidity pressures, the Ministry of Public Security, together with relevant departments, officially solicited public opinions on the (Cybercrime Prevention Law (Draft for Public Comments)).
In stark contrast to the market's violent reaction, public opinion is unusually quiet. Searching for 'Cybercrime Prevention Law' on X (Twitter) yields very few discussions. Most practitioners' intuitive response is:
Is it another extension of a ministry document?