In 2024, authorities prosecuted 3,032 individuals for money laundering crimes involving cryptocurrencies, highlighting the need for stronger regulatory measures. A recent article by Caixin emphasized the resurgence of virtual currency speculation and the necessity of establishing a comprehensive firewall to protect economic activities. This involves cooperation across departments, regulatory improvements, and enhanced technical monitoring.
Analysis of 283 legal judgments revealed that criminal groups often exploit marginalized youth, primarily with high school or junior high education, for these activities. The findings underscore the importance of raising legal awareness to prevent such exploitation and protect the public's financial interests.
Over 3,000 Prosecuted for Crypto-Related Money Laundering in 2024
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