China's Prosecutors Issue Guidance on Virtual Currency Money Laundering Cases, Emphasizes Wallet Address Investigation

According to Foresight News, China's procuratorial authorities recently published guidance on virtual currency money laundering investigations, emphasizing wallet addresses as the breakthrough point. The guidance recommends utilizing blockchain technology to analyze on-chain data and transaction flows, enabling precise identification and prosecution of money laundering activities involving virtual currencies.

When requesting data from third parties such as exchanges and wallet service providers, investigators should establish standardized data requirements including identity elements (KYC and change records), control elements (login logs, device/IP information, two-factor authentication records), fund elements (deposit/withdrawal records with corresponding on-chain addresses and transaction hashes), and disposal elements (risk controls and freeze/unfreeze records). Documentation should clarify field definitions and data generation methods to establish clear connections between wallet addresses, accounts, and individuals.