China has listed trading virtual currency as a method of money laundering? Will it trigger a black swan?
Yesterday, the Supreme People's Court and the Supreme People's Procuratorate jointly issued an interpretation on several issues concerning the application of laws in handling criminal cases of money laundering, which clearly listed "virtual asset" trading as one of the methods of money laundering.
Will this bring about a black swan? No! Because normal virtual currency transactions are not a big deal, as long as they are not offline or privately messed up, there will be no problems. Lao Liu would like to remind everyone to go through formal channels when depositing and withdrawing money. If you receive black money, you will be in big trouble!
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