Today, the Second Court held a meeting to discuss whether personal crypto trading counts as a crime and what constitutes a crime. In simple terms: 1. For money laundering, it’s not just about the outcome; it depends on whether you were aware of it. If you didn’t know, it’s not considered a crime. 2. 'Completed money laundering': As long as you take action to hide the money, it’s considered a completed crime. For example, using black USDT and a mixer to swap for ETH counts as money laundering. 3. Simply holding or trading crypto personally is generally not considered illegal business activity. If you’re a 'brick mover' or an OTC trader, and you knowingly help someone exchange RMB for USD via USDT, you’re challenging the country’s foreign exchange controls. This could be classified as 'disguised foreign exchange trading,' and if the amount is large or the circumstances are serious, you could be considered an accomplice to illegal business operations.