Shanghai No. 2 Intermediate People's Court recently held a seminar on "uniform application of law in virtual currency-related criminal cases" to analyze three key topics.
Among them, regarding the determination of illegal business crimes involving virtual currencies: if the conduct does not exhibit characteristics of business operations and merely constitutes personal coin holding or speculation, it is generally not recognized as illegal business crime.
However, if a person knowingly provides assistance to others engaged in illegal buying and selling or quasi buying and selling of foreign exchange through virtual currency exchange means, and the circumstances are serious, it should be recognized as complicity in illegal business crime.
Shanghai No. 2 Intermediate People's Court recently held a seminar on "uniform application of law in virtual currency-related criminal cases" to analyze three key topics.
Among them, regarding the determination of illegal business crimes involving virtual currencies: if the conduct does not exhibit characteristics of business operations and merely constitutes personal coin holding or speculation, it is generally not recognized as illegal business crime.
However, if a person knowingly provides assistance to others engaged in illegal buying and selling or quasi buying and selling of foreign exchange through virtual currency exchange means, and the circumstances are serious, it should be recognized as complicity in illegal business crime.