🚨 New "Anti-Money Laundering Law" is coming, the crypto world enters a new era of compliance!
Starting from January 2025, the new "Anti-Money Laundering Law" will officially take effect, and virtual currency transactions will be regulated for the first time. This significant change will undoubtedly have a profound impact on the crypto world! Here are the key points:
1️⃣ Expanded scope of money laundering crimes
Virtual currency transactions will become the focus of anti-money laundering regulation, and all transaction activities will be strictly monitored, leaving no place for illegal funds to hide.
2️⃣ New regulations on salary payments
The new law clearly states: salary payments must be made in legal currency, and the use of virtual currency for settlement is prohibited. This means that businesses and individuals need to adopt compliant salary payment methods.
3️⃣ Enhanced compliance review for platforms and users
• Trading platforms will be required to implement higher standards of anti-money laundering compliance reviews.
• For example: strengthening user identity verification, tracking the flow of funds, etc., to ensure that platform transactions are compliant and transparent.
🔍 Industry impact and development trends:
• Individuals and businesses can still legally participate in virtual currency transactions, but must undergo strict compliance reviews to ensure transactions comply with the new law.
• The virtual currency market will gradually move towards standardization and transparency, and the industry landscape will be completely renewed.
• Compliance will become the core competitiveness of platforms and investors.
💡 Summary:
The implementation of the new "Anti-Money Laundering Law" means that the crypto world will no longer be in the "gray area"; future success will inevitably rely on compliant development. In the face of new regulations, individuals and businesses need to prepare in advance and seize the new opportunities brought by compliance!
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