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Wu learned that on August 19, the Supreme People's Court and the Supreme People's Procuratorate jointly held a press conference to release the "Interpretation on Several Issues Concerning the Application of Law in Handling Criminal Cases of Money Laundering," clarifying that transferring or converting criminal proceeds and their gains through the trading of "virtual assets" or the exchange of financial assets can be deemed as "concealing or disguising the sources and nature of criminal proceeds and their gains by other means" as stipulated in Article 191(1)(5) of the Criminal Law.
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