Attention! Virtual asset transactions are listed as a method of money laundering!

On August 19, the Supreme People's Court and the Supreme People's Procuratorate announced that the "Interpretation" will list "virtual asset" transactions as a method of money laundering.

It is clear that the transfer and conversion of criminal proceeds and their benefits through "virtual asset" transactions and financial asset exchanges can be identified as "covering up and concealing the source and nature of criminal proceeds and their benefits by other means" as stipulated in Article 191, Paragraph 1, Item 5 of the Criminal Law.