The latest judicial interpretation, buying and selling USDT is money laundering? Virtual currency transactions are not equal to money laundering, nor do they necessarily constitute a criminal offense.

Article 5 of the "Interpretation" issued by the Supreme People's Court and the Supreme People's Procuratorate lists "virtual asset" transactions as one of the ways of money laundering to conceal seven types of upstream crimes. The original text is as follows: Article 5 In order to conceal or conceal the source and nature of the proceeds of the upstream crime stipulated in Article 191 of the Criminal Law and the income generated by it, any of the following acts may be deemed as "concealing or concealing the source and nature of the proceeds of crime and its income by other methods" as stipulated in Article 191 of the first paragraph of the Criminal Law: ... (vi) Transferring or converting the proceeds of crime and its income through "virtual asset" transactions and financial asset exchanges.

We can understand it with a simple formula.

A+B=C.

A is virtual currency transactions

B is the transfer of criminal proceeds

C is money laundering

A≠C