China · Bitcoin Magazine
China’s Prosecutors Move to Treat Crypto Mixers as Evidence of Money Laundering
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China's Supreme People's Procuratorate published proposals that would make it easier to prosecute crypto-related money laundering, including treating the use of mixers and privacy coins as presumptive evidence of laundering intent.
Key facts
- In 2024, Chinese prosecutors brought charges against more than 3,000 people in crypto-related laundering cases, a figure that underscores the scale of the challenge
- The article, released in the official Procuratorial Daily, was written by two prosecutors from Hunan Province’s Yuhu District and an associate law professor at Xiangtan University
- As a result, most crypto cases fall under Article 312, which covers concealing criminal proceeds, a charge the authors describe as a catch-all
- China's Supreme People's Procuratorate published proposals that would make it easier to prosecute crypto-related money laundering, including treating the use of mixers and privacy coins
Summary
China’s Supreme People’s Procuratorate has published a set of recommendations that would reshape how the country investigates and prosecutes cryptocurrency-related money laundering, including a proposal to treat the use of mixers and privacy coins as evidence of criminal intent. The article, released in the official Procuratorial Daily, was written by two prosecutors from Hunan Province’s Yuhu District and an associate law professor at Xiangtan University. The authors argue that the decentralized, pseudonymous, and cross-border design of virtual currencies has outpaced China’s legal framework and created a three-part problem: defining the offense, gathering evidence, and recovering stolen assets. As a result, most crypto cases fall under Article 312, which covers concealing criminal proceeds, a charge the authors describe as a catch-all.