Research on Legal Regulation of Virtual Currency Money Laudering Crime

Abstract

Virtual currency refers to currency circulating on the internet without any physical or unreal entities. Virtual currency has the characteristics of “anonymity”, “decentralization”, “high scarcity” and “high liquidity”, which makes it “favored” by money laundering criminals and become the “new favorite” of money laundering crimes. Study the characteristics of virtual currency and its advantages in money laundering, summarize the two common methods of money laundering using virtual currency: direct exchange of virtual currency and “running points platform”, and analyze the legislative and judicial difficulties faced by risk prevention and control of virtual currency money laundering crimes. In response to the corresponding difficulties, suggestions for risk prevention and control of virtual currency money laundering crimes are proposed. Firstly, improve the legislative model of virtual currency anti money laundering; Secondly, strengthen the supervision measures of virtual currency anti money laundering; The third is to clarify the jurisdiction authority for virtual currency money laundering by clarifying the level of jurisdiction and strengthening assistance; The fourth is to strengthen international cooperation in virtual currency anti money laundering by establishing shared databases, enhancing communication and assistance, and promoting legal digital currencies.