on Thursday February 24, 2022 @04:25PM from the further-crackdown dept. China announced powers to jail those found guilty of raising funds via token sales as it expands its crackdown on crypto. From a report: China's highest court amended its interpretation of the country's Criminal Law to make raising money from the public through "virtual currency" illegal, according to a statement today. The amendment comes into force from March 1. While China has banned crypto-based fundraising since 2017, this new amendment means Chinese courts can now officially issue sentences to criminals. Jail terms will vary from below three years to over…