Forecast Trend Report by Period
China’s Supreme People’s Procuratorate, the country’s top prosecutorial body, said investigative capabilities must be strengthened to combat money-laundering crimes involving virtual assets.
The Block reported on July 13 that a paper posted on the agency’s official website said China’s current legal framework has not kept pace with advances in digital-asset technology. That gap has complicated money-laundering investigations, evidence collection and the recovery of stolen assets.
The paper said the use of mixers, privacy coins and decentralized exchanges, or DEXs, makes it even harder to trace transactions and secure evidence. Existing investigative…
