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 one is knowingly involved”
Not all “money laundering” 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 considered 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’s black U, and 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 considered illegal business operations
Buying, selling, holding long-term, and normal trading usually are not directly deemed a crime.
⚠️ The real troublemakers are “arbitrage” and OTC traders
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:
👉 A disguised form of foreign exchange trading, disrupting the national 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 where the real risks concentrate.