China Tightens Anti-Money Laundering Laws to Include Crypto Transactions

New legal interpretations classify virtual asset trades as money laundering, raising legal risks for investors.

China's Supreme People's Court and Supreme People's Procuratorate have updated anti-money laundering laws to cover virtual assets.
Cryptocurrency transactions, online game coins, and live streaming tips are now recognized as potential money laundering methods.
Legal experts warn that the changes increase prosecution risks for crypto investors and traders in mainland China.
The judicial interpretation introduces stricter penalties for large-scale money laundering operations involving virtual assets.
This marks the first time virtual assets have been explicitly included in China's criminal law interpretations.