In 2024, China sentenced 401 cases of virtual currency crimes, focusing on illegal currency exchange
Foresight News reported that according to Sun Jun's lawyer team's Research: 2024 China's Overall Situation and Regulatory Trend of Crimes Involving Virtual Currency, 401 criminal judgments were issued for crimes involving virtual currency in Chinese Mainland in 2024. Henan Province has the highest number of cases involved, followed by Hunan Province and Shaanxi Province, and then Shanghai City, Jiangxi Province, and Hebei Province. All 122 cases involve the crime of concealing or concealing criminal proceeds and their profits. There were 57 cases of aiding information network criminal activities and 39 cases of opening casinos. At present, the focus of regulation on crimes related to virtual currency is to crack down on illegal currency exchange, money laundering and other criminal activities using virtual currency as a criminal tool.