### Supreme People's Procuratorate Cracks Down on Virtual Currency Money Laundering Crimes#

The Supreme People's Procuratorate, at a recent national procuratorate chiefs' meeting, emphasized that procuratorial organs will intensify efforts to punish money laundering crimes and crack down on illegal activities of transferring assets overseas using virtual currencies in accordance with the law. The meeting pointed out that it is necessary to severely crack down on financial crimes, including illegal fundraising, loan fraud, financial fraud, market manipulation, etc., and to maintain a high-pressure posture against financial crimes involving a large number of people, striving to firmly safeguard financial security and stability. The meeting also emphasized the need to leverage the role of the Procuratorate Office stationed at the China Securities Regulatory Commission, improve and implement the mechanism for transferring securities crime cases, promote the steady and healthy development of the capital market, and actively promote the sound development of the mechanism for coordinating administrative law enforcement and criminal justice in the financial field, enhancing the combined force of risk prevention, supervision, and development. This move indicates that procuratorial organs will attach greater importance to combating crimes of money laundering and illegal transfer of assets using virtual currencies, and include them in the overall crackdown on financial crimes, to safeguard financial security and stability.