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🚨 Breaking News! New Anti-Money Laundering Law Issued, Cryptocurrency Industry Faces Major Impact!
Starting January 2025, China will implement a new Anti-Money Laundering Law, which will for the first time include virtual currency transactions under regulatory oversight, aiming to crack down on illegal activities such as money laundering conducted through virtual currencies. This initiative means the cryptocurrency industry will undergo significant changes, with three key changes:
1. Expanded definition of money laundering crimes: Virtual currency transactions are officially included in the anti-money laundering regulatory framework, meaning that all virtual currency transactions will be subject to strict scrutiny.
2. Wage payments must use legal tender: The law clearly states that wage payments can only be made in legal tender and cannot be paid in virtual currency.
3. Strengthening compliance reviews for platforms and users: Trading platforms will have to implement stricter anti-money laundering review measures, including:
· User identity verification.
· Tracking the flow of transaction funds.
It is particularly important to note that individuals and businesses can still legally participate in virtual currency transactions, but they must comply with the new regulations and undergo strict compliance reviews. This means that the cryptocurrency industry will no longer be a "lawless territory"; compliance is key to future development!
#Marvin #Marvin7055 #加密市场反弹 #BTC重返10万 #DeFi全线飙升 $BTC
$ADA
$WLD
Starting January 2025, China will implement a new Anti-Money Laundering Law, which will for the first time include virtual currency transactions under regulatory oversight, aiming to crack down on illegal activities such as money laundering conducted through virtual currencies. This initiative means the cryptocurrency industry will undergo significant changes, with three key changes:
1. Expanded definition of money laundering crimes: Virtual currency transactions are officially included in the anti-money laundering regulatory framework, meaning that all virtual currency transactions will be subject to strict scrutiny.
2. Wage payments must use legal tender: The law clearly states that wage payments can only be made in legal tender and cannot be paid in virtual currency.
3. Strengthening compliance reviews for platforms and users: Trading platforms will have to implement stricter anti-money laundering review measures, including:
· User identity verification.
· Tracking the flow of transaction funds.
It is particularly important to note that individuals and businesses can still legally participate in virtual currency transactions, but they must comply with the new regulations and undergo strict compliance reviews. This means that the cryptocurrency industry will no longer be a "lawless territory"; compliance is key to future development!
#Marvin #Marvin7055 #加密市场反弹 #BTC重返10万 #DeFi全线飙升 $BTC
$ADA
$WLD
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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