Jilin High Court Ruling: A New Era for Crypto Compliance
The Jilin High Court just made a big splash in the crypto world with its latest ruling. It’s got everyone talking, especially when it comes to compliance in China. If you’re in the crypto business, or even thinking about it, this new standard is something you’ll want to keep an eye on.
The Ruling: A Game Changer?
This ruling is a big deal for a couple of reasons. First off, it’s the first major case of its kind under the revised 2025 AML law. The court handed down sentences of 1-2 years to four individuals who laundered a whopping RMB 452,000 through crypto and gold purchases. The big takeaway? China is serious about cracking down on crypto-related money laundering. The ruling emphasized the importance of using blockchain…
