The following is a simplified answer to the original text, I hope it can help you:

The two high courts in China issued a new judicial interpretation, listing virtual asset transactions as one of the ways of money laundering. This news has attracted widespread attention in the currency circle, but overall, the direct impact on the market is limited. The key lies in the definition and tracing of "proceeds of crime" rather than specific means of money laundering. This interpretation is aimed at combating illegal activities using virtual assets, rather than targeting the entire crypto market. Therefore, although the policy may have a deterrent effect on some criminals, it will not become a so-called "black swan event" for the entire crypto industry. Investors should look at it rationally and do not need to panic too much. At the same time, this also reminds us that legality and compliance are the cornerstones of the crypto industry, and any illegal activities will be severely punished by law.

Please note that the above content is for reference only. If necessary, please consult professional legal professionals. In addition, investment is risky and you need to be cautious when entering the market.

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