#Supreme People's Procuratorate Cracks Down on Cryptocurrency Money Laundering Crime#

The Supreme People's Procuratorate, at a recent national procurators' conference, emphasized the need to increase efforts in combating money laundering crimes and crack down on illegal activities involving the use of virtual currencies to transfer assets overseas. The conference noted that procuratorial organs will severely crack down on financial crimes, including illegal fundraising, loan fraud, financial fraud, market manipulation, and others, maintain a high-pressure stance against financial crimes involving the public, and strive to maintain financial security and stability. The conference also emphasized the importance of leveraging the role of the procuratorate stationed at the China Securities Regulatory Commission, improving and implementing the case transfer mechanism for securities crimes, promoting the stable and healthy development of the capital market, and actively promoting the sound development of a mechanism for coordinating administrative law enforcement and criminal justice in the financial field, strengthening the combined efforts to prevent risks, strengthen supervision, and promote development. This means that procuratorial organs will pay more attention to combating money laundering crimes using virtual currencies and include them in the overall crackdown on financial crimes to protect financial security and stability.