Why are cryptocurrency transactions frequently implicated in cross-border currency exchange-related crimes?> Crypto Assets themselves are not the "original sin"; the problem lies in whether the transaction process involves cross-border activities, circumvention of currency controls, anonymity, or evasion of regulation.
Written by: Mankiw
Introduction
Since the birth of Bitcoin, its price has surged multiple times, driving a global craze for Crypto Assets. At its peak, Bitcoin broke through 100,000 dollars, and the total market value of Crypto Assets even once exceeded the global circulation of dollars. Following this, a large number of Crypto Asset trading platforms emerged, and over-the-counter trading mediated by USDT became active.
Under the current policy in our country, some people use Crypto Assets for private exchange between foreign currencies and RMB, earning profits from exchange rate differences and service fees. This may seem technically harmless, but in reality, it is under severe legal pressure. Such operations may involve illegal business operations as per Article 225 of the Criminal Law, as well as money laundering as per Article 191.
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ForesightNews·2025-05-28 10:09