Today, the Central Second Hospital held an internal meeting specifically to discuss a question that many people are concerned about:

Is personal cryptocurrency trading considered a crime? Under what circumstances would it cross the line?
In summary, there are three core points👇
1. Regarding money laundering: the key is not the "result," but whether there was "knowledge"
Not all "money has been laundered" necessarily constitutes a crime, as long as you are not aware that the funds are criminal proceeds.
If you are unaware, it generally is not recognized as money laundering.
2. The standard for "completion" of money laundering is actually quite low
As soon as you start to conceal or hide the funds, it may be considered completed.
For example:
👉 Knowing it is black U, then using mixers to convert to ETH, BTC, etc., this act itself already constitutes money laundering.
3. Pure personal holding and trading of coins are generally not recognized as illegal business operations
Buying, selling, holding long-term, and normal trading usually are not directly considered crimes.
⚠ The real troublemakers are "arbitrage" and OTC merchants
If you knowingly help others bypass foreign exchange controls,
such as converting RMB to USD but using USDT to facilitate the transaction,
such behavior may be legally recognized as:
👉 Circumventing foreign exchange regulations, disrupting the country's foreign exchange management order
If the amount is large and the circumstances are serious,
it could be considered illegal business operation or even accomplice.
In one sentence:
Trading cryptocurrencies itself is not a crime,
but knowingly assisting, acting as an intermediary, or channeling operations are the real risk points.