Chinese prosecutors are calling for a more proactive approach to cryptocurrency-related money laundering, arguing that digital asset technology has moved faster than the country’s current legal and investigative framework. The argument was published on the website of China’s Supreme People’s Procuratorate, the country’s top prosecutorial authority. The article said virtual currencies can improve transaction efficiency, but also create new channels for laundering because of their decentralized, anonymous, and cross-border features. “While virtual currencies improve transaction efficiency, their decentralized, ... (full story)