Chinese prosecutors propose treating cryptocurrency mixer and privacy coin use as prima facie evidence of money laundering intent.
Regulation & Gov ·
Chinese prosecutors published research proposing that use of cryptocurrency mixers and privacy coins be treated as indicators of money laundering intent, according to https://wublockchain.xyz/news/news-19920. The proposal also calls for stronger reliance on on-chain evidence and standardized procedures for handling seized cryptocurrency assets. The suggestions appear in a research article on China's Supreme People's Procuratorate website.