TechFlow News, July 13, according to a report by the Procuratorate Daily, researchers from the People's Procuratorate of Yuhu District, Xiangtan City, Hunan Province, and the Faculty of Law of Xiangtan University jointly authored an article proposing a systematic response plan to the dilemmas in criminal law regulation regarding money laundering crimes using virtual currencies. The article points out that current judicial practice faces a triple dilemma: characterization of conduct, evidence acquisition, and recovery of illicit assets and losses. First, Article 191 of the Criminal Law on the crime of money laundering still limits predicate offenses to 7 categories, resulting in a large number of cases being prosecuted only as the "crime of concealing or disguising criminal proceeds"; second, means such as mixers, privacy coins, and cross-chain transfers cause fragmentation of the evidence chain, making traditional investigation methods difficult to penetrate; third, conflicts in the legal attributes of virtual currencies, vacuums in procedural rules, and barriers to cross-border collaboration cause difficulties in the execution of asset recovery. In response, the article suggests advancing "dual investigation per case", establishing the principle of self-authentication of blockchain data, constructing tiered standards of proof, and establishing a national-level custodial and disposal platform for involved virtual currencies, while actively promoting the signing of special agreements on international criminal judicial assistance for virtual currency crimes.
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