Chinese Prosecutors Propose New Framework for Crypto Money Laundering Cases
An opinion article in the Supreme People's Procuratorate Daily outlines a framework for prosecuting crypto money laundering, suggesting presumptions of criminal intent for users of privacy coins and mixing services. The piece highlights the need for a state platform to manage seized cryptocurrencies and provides insights into China's evolving stance on crypto regulation, as reported by Decrypt.
In a recent publication by the Supreme People's Procuratorate, a framework for addressing cryptocurrency-related money laundering has been proposed. The article, authored by prosecutors from Hunan province and a law professor, suggests that users of coin mixers and privacy coins should be assumed to have criminal intent unless they can provide reasonable counter-evidence. This presumption could significantly alter how cases are prosecuted in China.
Currently, China has designated only seven specific categories of predicate crimes for money laundering, often leading prosecutors to pursue broader "concealment" charges. The authors of the article argue that this approach has created an inefficiency in handling crypto-related offenses as the legal framework struggles to keep pace with technological advancements in the cryptocurrency domain.
Furthermore, the piece advocates for a double investigation of any underlying crimes associated with laundering involving cryptocurrencies. This proposal builds on a 2024 judicial interpretation that already considers using virtual assets to transfer criminal proceeds as a form of money laundering. By mapping the flow of crypto assets, investigators can address the complexities presented by digital currencies more effectively.
Perhaps the most prominent suggestion is the establishment of a national platform to hold and liquidate seized cryptocurrency assets, a move aimed at resolving issues raised by China's existing ban on crypto trading. As China continues to refine its regulatory stance, this article may reflect a growing focus on leveraging blockchain analytics as admissible evidence in court, indicating a more systematic legal approach to cryptocurrency-related crimes.
This development underscores an increasing recognition of the potential illicit uses of cryptocurrencies within China. As the legal landscape evolves, stakeholders in the cryptocurrency market will need to stay informed about regulatory changes that could impact both compliance and enforcement.
Summary based on original reporting by Decrypt Agent at Decrypt, originally published Jul 13, 2026. SolanaWire does not republish source content.
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