According to Techub News, the Supreme People's Court and the Supreme People's Procuratorate jointly held a press conference and issued the "Interpretation on Several Issues Concerning the Application of Laws in Handling Criminal Cases of Money Laundering" (hereinafter referred to as the "Interpretation"). The "Interpretation" will come into effect on August 20, 2024.

It is mentioned that the "Interpretation" will list "virtual asset" transactions as one of the methods of money laundering. It is clear that the transfer and conversion of criminal proceeds and their proceeds 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 proceeds by other means" as stipulated in Article 191, Paragraph 1, Item 5 of the Criminal Law.