Shanghai Second Intermediate People's Court recently held a seminar on "Legal Uniformity in Virtual Currency Crime Cases," analyzing three topics.



Among them, the determination of illegal business crimes involving virtual currencies: if the behavior does not exhibit characteristics of business operations and only involves personal holding or trading of coins, it is generally not recognized as illegal business.

However, if the individual knowingly assists others in illegal trading or disguised trading of foreign exchange, such as through virtual currency exchanges, and the circumstances are serious, they should be considered accomplices of illegal business crimes.
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