In-depth analysis of the currency circle: the essence of the Supreme Court's definition of crypto transactions

The recent Supreme Court's ruling on crypto transactions has sparked widespread heated discussions, and the core points are actually clear:

Cryptocurrency has become a new way to launder money: The decentralized and borderless nature of cryptocurrency makes it easy to become a tool for laundering illegal funds, accelerating the illegal flow of funds.

Clearly define money laundering crimes: Only when cash and cryptocurrency transactions involve money laundering or illegal funds, it constitutes a criminal offense. Those whose sources of funds are legal, the acceptors operate in compliance, and the amount does not reach the criminal standard can be exempted from criminal responsibility.

Acceptors' risks are highlighted: large transactions are prone to trigger illegal foreign exchange payment issues and become a focus of criminal risks. Small transactions by retail investors are relatively safe.

The above interpretation is based on my in-depth analysis of the latest legal documents and is for reference only. The specific legal provisions and professional opinions should prevail.

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