What is Ant Network Alliance (What crimes should Ant Network Alliance be convicted of)

08/19/2023 23:35 • Metaverse Matters • 96 views

What is Ant Network Alliance? Ant Network Alliance is an infrastructure project for cross-border e-commerce, which connects the information transmission channels between the global e-commerce market and financial institutions. In today’s rapidly developing internet technology, Alibaba Group and Tencent Cloud jointly formed Ant Chain under Alipay. “Ant Chain” is a multi-party collaboration platform based on blockchain technology, which can help users securely and quickly deliver goods worldwide, while achieving peer-to-peer transactions and instant payments. (Sina Finance)

What crimes should Ant Network Alliance be convicted of

According to Ant Group, Ant Network Alliance is a company that focuses on blockchain technology and smart contracts. It is reported that the “Alipay and Ant Chain” company, jointly initiated and established, Ant Financial Network Technology Co., Ltd. (referred to as the “platform”), was approved by the West Lake Sub-bureau of Hangzhou Public Security Bureau to be listed on the New Third Board trading venue on September 24, 2020.

The exchange involves Alibaba, Tencent, WeBank, and other five financial institutions, and has a certain influence worldwide. However, it is still in a legal gray area due to its alleged crimes of illegal operation and contract fraud. Therefore, what kind of criminal responsibility should be imposed on Ant Chain?

1. The defendant Li is accused of organizing and leading pyramid selling activities, with severe circumstances; 2. The defendant Luo is guilty of crimes related to the security of computer information systems, with a significant amount of sentencing; 3. Wang argues that the relevant competent authority does not agree to take compulsory measures against individuals; 4. Liu, taking advantage of his position, engages in false propaganda, disrupts market order, causes social impact, and carries out telecommunications fraud or other illegal activities, constituting a violation of Article 224 of China’s Civil Code.

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What is Ant Network Alliance (What crimes should Ant Network Alliance be convicted of)

What crimes should Ant Network Alliance be convicted of

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