GoCheckMyCrypto.comChinese Prosecutors' Paper Floats Treating Mixer, Privacy-Coin Use as Laundering Signal
An article in China's top prosecutors' paper urges new blockchain evidence rules and presumptions of laundering intent tied to mixer and privacy-coin use. It also proposes a state platform to sell seized coins.
An article in China's top prosecutors' paper urges new blockchain evidence rules and presumptions of intent, according to reporting from Decrypt. The proposals would treat the use of crypto mixers and privacy coins as a sign of money laundering.
The same article proposes creating a state platform to sell seized coins, per the reporting.
The article proposes presumptions of intent for mixer and privacy-coin use, plus a state platform to sell seized coins.
A presumption-of-intent standard tied to privacy tools would raise legal risk for their users and could set precedent, including for how seized coins are handled. What to watch is whether these proposals move from a prosecutors' paper toward formal rules.
And that's the way it is.
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