China's Top Prosecutors Propose Treating Crypto Mixers, Privacy Coins as Money Laundering Signs

According to the Procuratorate Daily, the official newspaper of China's Supreme People's Procuratorate, a framework for prosecuting crypto money laundering was recently laid out by prosecutors and a law professor. The proposal recommends courts presume criminal intent when suspects use coin mixers or privacy coins without providing "reasonable counter-evidence," and treat on-chain records and blockchain analytics-firm reports as admissible evidence.

The article also urges the creation of a national platform to custody and auction seized cryptocurrency through compliant channels, addressing a longstanding challenge created by Beijing's 2021 ban on crypto trading.