In recent years, some lawbreakers have used characteristics such as anonymization of virtual currency transactions and difficulties in supervising cross-border circulation, using it as a new type of tool for illegal cross-border fund exchange and money laundering crimes, posing new challenges to the country's economic and financial security. On August 27, 2026, the Shanghai Municipal Public Security Bureau held a press conference to report on the overall situation and typical cases of the Shanghai police crackdown on new economic crimes involving virtual currency. Since this year, the Shanghai police have uncovered a number of criminal cases involving illegal operations and money laundering using virtual currency, etc., and arrested more than 70 criminal suspects. The amount involved exceeded 20 billion yuan, effectively maintaining the country's financial security and foreign exchange management order.

In recent years, some lawbreakers have used characteristics such as anonymization of virtual currency transactions and difficulties in supervising cross-border circulation, using it as a new type of tool for illegal cross-border fund exchange and money laundering crimes, posing new challenges to the country's economic and financial security. On August 27, 2026, the Shanghai Municipal Public Security Bureau held a press conference to report on the overall situation and typical cases of the Shanghai police crackdown on new economic crimes involving virtual currency. Since this year, the Shanghai police have uncovered a number of criminal cases involving illegal operations and money laundering using virtual currency, etc., and arrested more than 70 criminal suspects. The amount involved exceeded 20 billion yuan, effectively maintaining the country's financial security and foreign exchange management order.