The Supreme People's Court of China announced plans to intensify efforts against crimes involving virtual currencies and underground banks, particularly focusing on money laundering. Wang Bin, Director of the Third Criminal Division, highlighted these priorities during a press conference on February 26. The court's strategy includes targeting leaders and core members of criminal groups, financial backers of telecommunications fraud, and those involved in human smuggling and providing armed protection for cross-border fraud operations. This initiative is part of a broader crackdown on telecommunications and internet fraud, as well as associated violent crimes.