Author: Bitrace WuBlockchain authorized translation and reprint source: https://mp.weixin.qq.com/s/kTWd68GCccOfAu67ERUxGw The Anti-Telecommunication Network Fraud Law of the People’s Republic of China has been adopted by the Standing Committee of the National People’s Congress and will come into effect on December 1, 2022. Article 25 of the Law clearly states that “no unit or individual shall help others launder money through virtual currency transactions and other means.” Combined with the recent public disclosure of a number of precedents in cryptocurrency-related cases, the criminal risk for practitioners in the crypto has risen precipitously.