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China targets privacy coins and mixers as signs of money laundering intent in new legal proposal

Market News
13 Jul 2026
UToday
View Source
Bearish
pluang ai news

Chinese judicial authorities propose treating the use of privacy coins and crypto mixers as clear indicators of money laundering intent. This move aims to address challenges in prosecuting virtual currency crimes due to their anonymous and decentralized nature. The proposal includes a new legal framework that presumes intent based on specific behaviors and supports using blockchain data as self-authenticating evidence. This could lead to stricter enforcement and better recovery of illicit funds in China.

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