I just saw the work report from the Supreme People's Court, and their stance on virtual currency money laundering and capital flight is indeed very firm. During the National People's Congress in March, President Zhang Jun directly named these issues, stating that crimes involving money laundering and capital flight through virtual currencies should be punished according to law. This isn't the first time they've mentioned it, but the level of emphasis this time is clearly different.

I notice that this reflects the formation of a comprehensive crackdown system. From policies banning such activities by the central bank and other departments, to specialized operations by public security and economic investigation units, and judicial rulings by the courts—these efforts are working together to form a combined force. In plain terms, virtual currencies are no longer in regulatory gray areas; activities like money laundering and capital flight are outright criminal offenses with no room for ambiguity.

What’s even more noteworthy is that criminal methods are evolving. The simple transfer-based money laundering methods of the early days have been phased out. Now, the tactics are becoming increasingly complex, involving tools like decentralized exchanges, mixers, cross-chain bridges, combined with new concepts like NFTs and GameFi, which indeed make regulation more difficult. But this is precisely why the judicial authorities need to step up their efforts.

Another detail that warrants caution is that these criminals are starting to involve ordinary users. They use methods like virtual currency collection services, running scores, and transfer agency, offering high commissions as bait. Many people may not realize they’ve already become accomplices in money laundering. Once caught, these individuals will face legal responsibility just like the criminals.

From a financial security perspective, virtual currencies being used as channels for illegal cross-border asset transfers directly threaten the country’s financial order and economic stability. Once the funds are laundered and flow overseas, recovering them becomes extremely difficult and costly. This also explains why this issue was specifically highlighted in the work report of the two sessions.

I believe that for ordinary people, the most important thing is to recognize these risks clearly. Avoid exchanging virtual currencies for fiat currency, don’t help others collect or transfer virtual currencies, and don’t be fooled by promises of low risk and high returns. Anything that asks for your wallet’s private keys, seed phrases, or requires you to lend your accounts is almost certainly a trap.

The current stance is very clear: money laundering and capital flight involving virtual currencies are crimes with no gray areas. Law enforcement is strict, and the judiciary is also tightening up—both sides are escalating their efforts. The smartest choice at this moment is to stay away from these risks and protect your legal rights and property security.