🚨 New "Anti-Money Laundering Law" is coming, the cryptocurrency world enters a new era of compliance!
Starting from January 2025, the new "Anti-Money Laundering Law" will officially come into effect, and virtual currency transactions will be regulated for the first time. This important change is bound to have a profound impact on the cryptocurrency world! Here are the key points:
1️⃣ Expansion of the scope of money laundering crimes
Virtual currency transactions will become a key focus of anti-money laundering supervision, 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 that salary payments must be made in legal tender, and the use of virtual currency for settlement is prohibited. This means that businesses and individuals need to adopt compliant salary payment methods.
3️⃣ Upgraded compliance audits for platforms and users
• Trading platforms will be required to implement higher standards of anti-money laundering compliance audits.
• For example: strengthen user identity verification, fund flow tracking, 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 they 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 a core competitive advantage for platforms and investors.
💡 Summary:
The implementation of the new "Anti-Money Laundering Law" means that the cryptocurrency world will no longer be in a "gray area"; future success will inevitably depend on compliant development. In the face of new regulations, individuals and businesses need to prepare in advance to seize the new opportunities brought by compliance!
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