ISSN: 2573-1734
Authors: Na J* and Yang N
Virtual currencies have transaction characteristics such as decentralization, anonymity and cross-border because of their technical advantages, which make them a new channel for money laundering crimes, i.e., block-chain technology effectively enhances the efficiency of transactions while facilitating the implementation of money laundering crimes. At present, the governance of virtual currency money laundering crime is faced with the dilemma of legal lag, the lack of traditional regulatory model caused by technology and insufficient regulatory resources. In order to solve the problem of virtual currency money laundering crime governance, this paper puts forward the need to: clarify the legal status of virtual currency and through the development of special laws and regulations in order to improve the legal regulation; the establishment of internal anti-money laundering mechanism, strengthen the platform in the real-name system of transactions and transaction records access to the regulatory responsibilities; the construction of cross-sectoral joint early warning platforms, to promote the sharing of information and cooperation; and to strengthen international cooperation, the formation of a joint mechanism to combat the crime. In conclusion, the governance of virtual currency money laundering crime is not a one-day or one-country effort, and requires a variety of measures such as law. It requires coordination and efforts in multiple directions, such as internal regulation and external cooperation, in order to overcome the legal lag, integrate governance resources through a perfect legal regulatory system, a complete regulatory mechanism and adequate international cooperation, and thus effectively curb the crime of virtual currency money laundering and maintain the stability and security of the financial market.
Keywords: Virtual Currency; Money-Laundering Crimes; Block-Chain; Legal Regulation; International Cooperation
