Senior Chinese Prosecutors Suggest Using Anonymous Cryptocurrencies and Mixers as Basis for Suspected Money Laundering

On the 12th, a proposal regarding the regulation of money laundering using digital assets (cryptocurrencies) was published on the website of China's Supreme People's Procuratorate (SPP). The proposal was authored by two senior prosecutors and an associate professor of law from a university. Although it currently has no legal binding force, it has garnered significant interest as it was published by China's highest prosecutorial authority. The authors initially discuss how blockchain technology facilitates cryptocurrency transactions...