- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
Shanghai No. 2 Intermediate People's Court, China: Merely holding or trading cryptocurrency as an individual is generally not deemed as the crime of illegal business operation
BlockBeats News, January 8th. The Criminal Adjudication Seminar, jointly organized by the China Criminal Law Society, guided by the Shanghai High Court, and co-hosted by the Shanghai Second Intermediate People's Court and the China University of Political Science and Law, focused on the theme of "Legal Uniformity in Cases of Cryptocurrency-Related Crimes." The key points of the seminar are summarized as follows:
In the context of money laundering involving cryptocurrency, the determination of "subjective awareness" should comprehensively consider the subjective awareness of money laundering involving cryptocurrency to prevent unwarranted attribution of liability.
In determining the types of conduct and the criteria for consummated offenses in cryptocurrency money laundering crimes, 1) it is essential to accurately grasp the essence of "concealing or disguising the illicit origin and true nature of criminal proceeds and benefits"; 2) engaging in acts specified as elements of money laundering constitutes consummated offenses; 3) rigorous legal measures must be taken to crack down on money laundering crimes and resolutely uphold national financial security.
Regarding the identification of cryptocurrency-related illegal business operation crimes, if the conduct lacks the characteristics of business operation and merely involves personal holding or trading of cryptocurrency, it is generally not considered illegal business operation. However, if an individual knowingly assists others in illegal trading or disguised foreign exchange transactions through cryptocurrency exchanges, and the circumstances are serious, they should be deemed an accessory to illegal business operation.
You may also like
Penguin Token Sells Off Amid Market Fluctuations
Key Takeaways A significant PENGUIN token holder has started liquidating their holdings, resulting in $40,000 worth of tokens…
Global Risks Influence Bitcoin Fluctuations: QCP Asia’s Insight
Key Takeaways Persistent macroeconomic uncertainties cause global markets to retreat into risk-off mode. Japanese bond yields surge to…
Younger Americans Embrace Crypto as Boomers Lean on Banks: Insights from a Survey
Key Takeaways A significant generational divide exists in trust and acceptance of cryptocurrency, with younger people showing more…
Analyzing the Impact of Cryptocurrency Regulations
Key Takeaways: Cryptocurrency regulations continue to evolve, impacting both global markets and individual investors. Rules and guidelines vary…
Crypto Mortgages in the US: Navigating Valuation Challenges and Regulatory Uncertainties
Key Takeaways The Federal Housing Finance Agency (FHFA) mandates Fannie Mae and Freddie Mac to consider cryptocurrencies in…
WhiteWhale Faces 75% Decline Amidst Market Correction
Key Takeaways WhiteWhale has experienced a drastic 75% drop from its previous high on January 10th due to…
Meme Coins Crash as Market Correction Pummels WhiteWhale
Key Takeaways WhiteWhale has experienced a drastic drop of 32.3% in the last 24 hours, now trading at…
Market Correction Drives Meme Coin Downturn as WhiteWhale Falls Sharply
Key Takeaways WhiteWhale has dropped significantly, losing 32.3% in value over the past 24 hours. The coin’s current…
Transforming the Cryptocurrency Landscape: A 2026 Outlook
Key Takeaways Cryptocurrency systems have seen expansive growth and technological innovation. The introduction of new regulations has reshaped…
Current Landscape of Cryptocurrency Exchanges in 2026
Key Takeaways The cryptocurrency exchange market is notably competitive, with each platform offering unique strengths to attract users.…
An Insight into the Dynamics of Crypto Market Trends
Key Takeaways The article provides a comprehensive look at the latest developments in the cryptocurrency market. Insight is…
CLARITY Act Hearing Suddenly Postponed – Where Does the Disagreement Lie?
BSC’s USD1 Pool Meme Coin ‘An’ Sees Significant Surge
Key Takeaways The BSC chain’s USD1 pool meme coin ‘An’ experienced a notable market cap surge, exceeding $47.92…
BitGo’s Revenue Surges with Upcoming IPO as Institutional Interest Grows
Key Takeaways BitGo, a major player in cryptocurrency custody, aims to raise $201 million through a U.S. IPO…
Today’s Trump Tariff Decision and Economic Data Releases
Key Takeaways The U.S. Supreme Court is set to rule on a significant Trump tariff case that could…
80% of Oil Revenue Settled in Stablecoins: Venezuela’s USDT Dominance
Key Takeaways Venezuela’s economy heavily relies on USDT, with 80% of oil revenue settled using this stablecoin, showcasing…
Key Market Intelligence on January 13th: What You May Have Missed
Key Takeaways The “Clarity Act” draft suggests that users can only earn interest by holding stablecoins, indicating significant…
Understanding the Impact of the Crypto Market and Exchange Dynamics
Key Takeaways The cryptocurrency market remains highly volatile with frequent significant fluctuations in value. Exchange platforms play a…
Penguin Token Sells Off Amid Market Fluctuations
Key Takeaways A significant PENGUIN token holder has started liquidating their holdings, resulting in $40,000 worth of tokens…
Global Risks Influence Bitcoin Fluctuations: QCP Asia’s Insight
Key Takeaways Persistent macroeconomic uncertainties cause global markets to retreat into risk-off mode. Japanese bond yields surge to…
Younger Americans Embrace Crypto as Boomers Lean on Banks: Insights from a Survey
Key Takeaways A significant generational divide exists in trust and acceptance of cryptocurrency, with younger people showing more…
Analyzing the Impact of Cryptocurrency Regulations
Key Takeaways: Cryptocurrency regulations continue to evolve, impacting both global markets and individual investors. Rules and guidelines vary…
Crypto Mortgages in the US: Navigating Valuation Challenges and Regulatory Uncertainties
Key Takeaways The Federal Housing Finance Agency (FHFA) mandates Fannie Mae and Freddie Mac to consider cryptocurrencies in…
WhiteWhale Faces 75% Decline Amidst Market Correction
Key Takeaways WhiteWhale has experienced a drastic 75% drop from its previous high on January 10th due to…
App