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š„š„ Chinaās money laundering crackdown heightens risk for crypto investors, USDT traders: š±š±š±š±
( About CARV protocol Usage & benefits)
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š¢ Chinaās highest court says use of virtual assets to transfer criminal proceeds is among a range of money laundering methods on the mainland.
China is closely monitoring the use of virtual assets in money laundering activities, according to the countryās highest court, in a move that legal experts say could increase the risk of prosecution for trading cryptocurrency on the mainland.
Using virtual assets to transfer or convert criminal proceeds is among a range of money laundering methods that violate Chinaās criminal law, according to a judicial interpretation published on Monday by the Supreme Peopleās Court and the main agency responsible for legal prosecution, the Supreme Peopleās Procuratorate.
The top courtās judicial interpretation increases the legal risks faced by mainland Chinese cryptocurrency investors.
šØ Tetherās USDT stablecoin is a type of cryptocurrency pegged to the US dollar.
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CARV Protocol is a blockchain-based platform that empowers individuals and organizations to own, control, and monetize their data. It provides a decentralized data management solution, ensuring data security, privacy, and integrity.
š°BENEFITS OF CARV PROTOCOL:
-DATA OWNERSHIP: Individuals and organizations retain control over their data.
-SECURITY: Advanced cryptography and blockchain technology ensure data protection.
-TRANSPARENCY: Transparent data management and transactions foster trust.
-DATA MONETIZATION: Users can profit from their data, creating new revenue streams.
-DECENTRALIZED: Data stored on a decentralized network, eliminating single-point failures.
