### Supreme Procuratorate Cracks Down on Virtual Currency Money Laundering#
Hot Topic Overview
Overview
The Supreme People's Procuratorate, at a recent national procuratorate conference, emphasized that it will increase efforts to punish money laundering crimes and crack down on illegal activities involving the transfer of assets overseas through virtual currencies. The conference also stressed the need to severely crack down on financial crimes, including illegal fundraising, loan fraud, financial fraud, market manipulation, and others. It will strive to safeguard the financial security and stability of the country. The Supreme Procuratorate will also leverage the role of the Procuratorate Office stationed at the China Securities Regulatory Commission, improve and implement the mechanism for handling securities crime cases, promote the steady and healthy development of the capital market, and actively promote the establishment of a sound mechanism for coordination between administrative law enforcement and criminal justice in the financial sector, strengthening the combined efforts to prevent risks, strengthen supervision, and promote development.
Ace Hot Topic Analysis
Analysis
The Supreme People's Procuratorate, at a recent national procuratorate conference, stressed that it will intensify efforts to punish money laundering crimes and crack down on illegal activities involving the use of virtual currencies to transfer assets overseas. The conference pointed out that procuratorial organs will severely crack down on financial crimes, including illegal fundraising, loan fraud, financial fraud, market manipulation, etc., and maintain a high-pressure stance on combating financial crimes involving the public, striving to solidify the bottom line of financial security and stability. In addition, procuratorial organs will leverage the role of the procuratorate office stationed at the China Securities Regulatory Commission, improve and implement the case referral mechanism for securities crimes, and promote the steady and healthy development of the capital market. Meanwhile, procuratorial organs will actively promote the establishment of a sound mechanism for the coordination of administrative law enforcement and criminal justice in the financial field, strengthening the combined force of risk prevention, strengthening supervision, and promoting development. This move shows that the country will strengthen its crackdown on money laundering crimes involving virtual currencies and further improve the financial regulatory system to maintain financial security and stability.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Prosecution authorities will step up efforts to crack down on money laundering crimes, and will crack down on illegal activities involving the use of virtual currencies to transfer assets overseas in accordance with the law.
Severe crackdown on financial crimes, including illegal fund-raising, loan fraud, financial fraud, market manipulation, etc.
Maintain a high-pressure stance on combating financial crimes involving the public, and strive to build a solid foundation for financial security and stability.
Actively promote the improvement of the mechanism for coordination between administrative law enforcement and criminal justice in the financial field, and strengthen the combined force of risk prevention, strict supervision, and promotion of development.