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Director of AML of China Claim Digital Assets are Widely Used in All Kind of Crimes

Suddenly, the [Bitcoin price](https://www.coincarp.com/currencies/bitcoin/) drops, what happened? Oop, some bad news from China:

Gou Wenjun, director of the Anti-Money Laundering Monitoring and Analysis Center of the People’s Bank of China, stated at the first Lujiazui National Financial Security Summit and the 11th China Anti-Money Laundering Summit Forum in 2021. He said the virtual assets meet the needs of some people for privacy, currency trust, and wealth appreciation. However, the characteristics of centralization, anonymity, and borderlessness, combined with the capital control and anti-money laundering compliance requirements faced by cross-border payments, are widely used in illegal trading activities, such as extortion, drug trafficking, gambling, money laundering, terrorist financing, tax evasion, cross-border transfer of funds, etc.



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8 Comments

  1. I guess that murdering your people in a public square isn’t so much of a **crime**. Neither are concentration camps, selling body parts, or massive ethnic cleansing. And dumping huge amounts of dirt on reefs and atolls so you can claim new “islands” in international waters isn’t much of an assault on world standards. And forget the millions human babies aborted for “policy” reasons.

    Not to mention world-scale bribery of institutions, politicians, and even one President and his son.

What do you think?

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