China’s Supreme People’s Procuratorate has published a proposal that would treat the use of privacy-focused crypto tools as a basis for inferring money laundering intent. The document suggests that the use of anonymous cryptocurrencies, mixers, and similar privacy tools could serve as presumptive evidence of intent if a suspect cannot provide a reasonable rebuttal, allowing a court to infer subjective intent to launder funds.
The proposal was jointly written by two prosecutors and an associate law professor. It does not carry legal force on its own, but it has drawn broad attention because it was posted on the official website of the Supreme People’s Procuratorate.
The proposal also calls for the creation of a national-level platform to handle seized cryptocurrencies. According to the summary, that recommendation is meant to address current compliance difficulties in disposing of confiscated crypto under China’s ban on virtual currencies. The item was published by Techub News and cited CoinPost.
China’s Supreme People’s Procuratorate has published a proposal recommending that the use of anonymous cryptocurrencies, mixers, and other privacy tools be treated as a basis for inferring money laundering intent. If a suspect cannot provide a reasonable rebuttal, a court could infer subjective intent to launder money on that basis.
The proposal was jointly written by two prosecutors and an associate law professor. It does not have legal binding force, but it has attracted broad attention because it was published on the official website of the Supreme People’s Procuratorate.
The document also recommends setting up a national-level platform to dispose of seized cryptocurrencies, aiming to address current compliance difficulties tied to handling confiscated crypto under the existing ban on virtual currencies.
The report was published by Techub News and cited CoinPost.
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