In recent years, the total number of illegal currency exchange penalty cases published by various branches of the State Administration of Foreign Exchange has suddenly increased, and the total amount of fines imposed has also been rising year by year, making the situation of illegal currency exchange increasingly severe. Due to the strict foreign exchange control implemented in our country, there is a limit on the amount of foreign exchange that each person can exchange per year. Individuals or businesses engaged in foreign trade who urgently need to exchange currency beyond the quota, as well as those wanting to transfer illegal income across borders, will secretly look for some 'companies' or 'institutions' that can facilitate the exchange.
'Matching' is currently the most common and typical mode of illegal currency exchange. In the 'matching' exchange method, RMB flows domestically while foreign currency flows overseas, with funds implementing a one-way cycle between domestic and foreign entities, without any physical flow occurring. This is usually achieved in the form of reconciliation to realize 'two-way balance'. Common forms of 'matching' currency exchange include:

1. Underground banks conducting bidirectional 'matching' for illegal currency exchange

2. Using POS machines for overseas card-based currency exchange

3. Establishing shell companies for illegal currency exchange

4. 'Matching' new variant: virtual currency becomes the core tool for currency exchange

5. Underground banks + virtual currency

6. Foreign exchange exchange online stores + virtual currency

7. 'OTC' resale of virtual currency as a disguised currency exchange

In traditional illegal currency exchange cases, tracking funds is already difficult, and the addition of virtual currency as a 'new intermediary' introduces a new link in the flow of funds between domestic and foreign pools, making related crimes more concealed, with longer criminal chains, more complex fund circulation paths, and even more difficult tracking.#区块链 #比特币 #币圈 #Web3 #币圈那些事