Supreme People's Procuratorate Work Report: 3,259 People Prosecuted for Money Laundering Crimes Using Virtual Currency Starting in 2025

Gate News: On March 10, Prosecutor General Yin Yong of the Supreme People’s Procuratorate delivered the work report of the Supreme People’s Procuratorate to the Fourth Session of the 14th National People’s Congress. The report states that by 2025, efforts to combat money laundering will be intensified, with 3,259 people prosecuted for crimes involving virtual currencies, underground banks, and other methods. Additionally, criminal activities related to telecommunications and online fraud will be依法惩治, with 69,000 people prosecuted.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Hong Kong SFC Investment Committee Warns Prediction Market Trading May Constitute Illegal Gambling

The Hong Kong SFC warns that prediction markets are speculative and not investment products, lacking regulatory protection. They involve gambling elements, potentially making them illegal. The committee urges the public to differentiate between investment and gambling.

GateNews7h ago

Elizabeth Warren Accuses SEC Chair Paul Atkins of Misleading Congress Over Enforcement Decline

Senator Elizabeth Warren accused SEC Chair Paul Atkins of misleading Congress about enforcement actions' decline. With only 456 new cases in 2025, concerns arise regarding the SEC's effectiveness and the regulatory landscape for cryptocurrency and market oversight.

GateNews10h ago

Sanctioned Exchange Grinex Hit by $13.7M Hack; Blames Foreign Intelligence Services

Grinex, a sanctioned crypto-ruble exchange, has halted operations due to a cyberattack that stole over $13.74 million in USDT. The attack is believed to involve state-level actors aiming to destabilize Russia's financial system. Grinex is cooperating with law enforcement but has no timeline for resuming services.

Coinpedia11h ago

Democratic Senators Question Lax AML Oversight of Major CEX Over $1.7B Iran-Linked Crypto Flows

Democratic senators are scrutinizing the Trump administration's oversight of a cryptocurrency exchange linked to $1.7 billion in Iranian transactions, questioning its AML controls and a lenient bank settlement on sanctions evasion.

GateNews16h ago

Figure Faces Short Seller Accusations Over Blockchain Integration Claims; FIGR Stock Down 53% From January Peak

Figure Technology Solutions faced allegations from Morpheus Research of overstating its blockchain technology use, resulting in a significant drop in share prices. Figure defended its operations, highlighting its digital asset features and strong performance metrics.

GateNews18h ago

Houston Crypto Fraudster Sentenced to 23 Years for $20M Meta-1 Coin Scam

Robert Dunlap, a Houston entrepreneur, was sentenced to 23 years in prison for a $20 million cryptocurrency fraud involving fake assets and deceptive practices, impacting over 1,000 victims. His case reflects a broader rise in crypto-related cybercrimes.

GateNews23h ago
Comment
0/400
No comments