Once the notice from AICoin is released,

CN
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4 months ago

Once the notice about the "two highs" came out, everyone and their aunties started asking if you were breaking the law, making me want to delete all the cryptocurrency-related posts in my Moments.

We must deeply explain this "two highs" matter to everyone.

Among the "two highs," the statement "will explicitly list virtual asset trading as one of the money laundering methods" has been defined by many as trading virtual currency being illegal.

Let me explain it simply for everyone: Virtual assets represent a broad category, such as in-game currency, which is also a virtual asset. If you use your own money to buy equipment and then sell it, does that mean you're breaking the law?

Of course, it would only be illegal if you're using illicit money to buy and sell equipment, that's when it becomes money laundering.

Another point is, if I sell virtual currency and receive illicit money, does that count as money laundering?

It depends on whether you subjectively know that the money is illicit. If you don't even know that the money is illicit, then you're just trading coins, and it's none of your business.

Oh, it's no different from a previous appearance, it's just that it helps the investigating officers define it better.

It's really just hearsay, as long as you encounter illicit money when trading, that's all that matters.

I wonder if any of you have been asked by friends and family about this?

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