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Using virtual currency to exchange nearly 30 million yuan in disguised currency, three "post-95s" were sentenced to five years to one year and six months

 three "post-95s" including Lin used virtual currency trading as a medium to engage in buying and selling foreign exchange "business", completing more than 650 transactions in just a few months and exchanging nearly 300 million yuan in foreign exchange. After being prosecuted by the Jianhu County Procuratorate, the prosecutor reviewed and believed that the three used virtual currency as a medium to provide cross-border exchange and payment services to earn exchange rate differences, which bypassed national foreign exchange supervision using the special properties of virtual currency, affecting the effectiveness of foreign exchange management and the stability of legal exchange rates, disrupting the normal financial market order. They should be held criminally responsible for the crime of illegal business operations according to law. Lin and the other two were recently sentenced to five years to one year and six months in prison for the crime of illegal business operations, and were fined.

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