On January 8th, Shanghai held a seminar on criminal trials involving virtual currencies, releasing several key judicial signals: First, crimes related to virtual currency money laundering do not adopt "objective attribution." Whether a crime is committed depends on a comprehensive assessment of "subjective knowledge," rather than solely on the outcome or fund flow. Second, the standards for the completion of money laundering crimes have been further clarified.
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On January 8th, Shanghai held a seminar on criminal trials involving virtual currencies, releasing several key judicial signals: First, crimes related to virtual currency money laundering do not adopt "objective attribution." Whether a crime is committed depends on a comprehensive assessment of "subjective knowledge," rather than solely on the outcome or fund flow. Second, the standards for the completion of money laundering crimes have been further clarified.