PANews丨APP全面升级|Dec 06, 2025 12:51
Caixin: Last year, 3,032 people were prosecuted for crypto-related money laundering. Building a virtual currency firewall is essential to protect normal economic and trade activities.
Caixin published an article titled 'Strengthening the Virtual Currency Firewall to Safeguard the Public's Wallet,' which pointed out: Recently, speculation and hype around virtual currencies have been on the rise. Establishing a virtual currency firewall not only requires full collaboration across departments but also calls for improving relevant regulations, enhancing supervision capabilities, strengthening technical monitoring of key areas, and protecting normal economic and trade activities.
Data shows that in 2024, authorities prosecuted 3,032 individuals for crimes involving money laundering through 'virtual currencies' to transfer illicit gains. Many were dragged into these activities due to a lack of legal awareness. Scholars analyzed 283 court rulings on crypto-related money laundering cases and found that criminal groups heavily exploit marginalized young people with low social and economic status as tools for their crimes. These cases are geographically concentrated, with most offenders having only middle or high school education.
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