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Caixin Reports Over 3,000 Prosecuted for Crypto Money Laundering in China
12/06/2025, 13:06
AI SUMMARY
●Caixin reports 3,032 prosecutions for crypto money laundering in 2024
●State media calls for stricter "firewalls" to mitigate financial risks
●Report highlights continued regulatory scrutiny on illicit crypto flows
Chinese financial media outlet Caixin has reported that 3,032 individuals were prosecuted in 2024 for utilizing virtual currencies in money laundering activities. The report highlights a resurgence in crypto speculation and illegal financial activities within the country.
The article emphasizes the need for regulatory bodies to establish stronger "firewalls" to isolate virtual currency risks from the real economy. It calls for enhanced collaboration between departments to protect normal economic and trade activities while cracking down on illicit flows.