Virtual currencies such as Bitcoin have been frequently searched recently. Due to institutional admissions and speculation by wealthy individuals, their prices have fluctuated sharply.
Some people earn a lot of money, while others lose their money.
While paying attention to blockchain and virtual currency, we must also pay attention to the hidden dangers behind them.
On March 19, the Supreme People’s Procuratorate and the People’s Bank of China released a batch of typical cases of money laundering crimes .
In recent years, virtual currencies such as Bitcoin have the characteristics of being highly concealed and difficult to trace, and have become a new means of money laundering crime.
Among them, Chen Moubo of Shanghai opened a digital currency trading platform to issue virtual currencies.
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It is mentioned in the case that his wife Chen Mouzhi sold a vehicle purchased by Chen Moubo with illegal fund-raising funds at a low price of more than 900,000 yuan,
Then contacted the Bitcoin “miner” in the WeChat group formed by Chen Moubo to sell the car money All the funds were transferred to the “miners” in exchange for the Bitcoin key, and the key was sent to Chen Moubo for his overseas exchange.
Chen Moubo has not yet arrived at the case.
On December 23, 2019, the People’s Court of Shanghai Pudong New Area issued a judgment and found Chen Mouzhi guilty of money laundering, sentenced to two years in prison and fined 200,000 yuan.
Chen Mouzhi did not appeal, and the verdict has come into effect.
The Supreme People’s Procuratorate and the Central Bank pointed out that the use of virtual currency to convert criminal proceeds and proceeds into overseas legal currency or property is a new method of money laundering crime.
The amount of money laundering is calculated based on the amount of funds actually paid in exchange for virtual currency.
Although my country’s regulatory authorities explicitly prohibit token issuance financing and exchange activities,
due to differences in the regulatory policies adopted by various countries and regions on virtual currencies such as Bitcoin,
virtual currency and legal tender can be realized through overseas virtual currency service providers and exchanges. The free exchange of funds, virtual currency is used as a new means of cross-border laundering of funds.