I bought virtual currency with cash and sold it on the platform. I was caught by the police and said it was a crime of concealment. Is it so serious?

Covering up a crime is serious. Income means knowing that the client's income is illegal but still helping the client to transfer or hide it, because criminal proceeds should normally be handed over to the judicial authorities. Helping a criminal suspect to cover up and conceal criminal proceeds is also a criminal act, and the sentencing is three Fixed-term imprisonment of not less than 1 year but not more than 7 years.

Legal Analysis

Whoever knowingly conceals, transfers, acquires, sells on his or her behalf, or conceals or conceals the proceeds of crime in other ways, shall be sentenced to fixed-term imprisonment of not more than three years , criminal detention or surveillance, and shall also be fined or shall be fined; if the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years, and shall also be fined. It is determined that concealing criminal proceeds constitutes a crime, and if one knowingly harbors, transfers, acquires, sells on behalf of, or conceals or conceals in other ways the proceeds of crime and the proceeds generated therefrom, and falls under any of the following circumstances, the relevant provisions of the Criminal Law shall be followed: Convicted and punished for the crime of concealing or concealing criminal proceeds or proceeds of crime: Concealing or concealing criminal proceeds and the proceeds thereof worth more than 3,000 yuan to 10,000 yuan; Anyone who has been convicted of concealing or concealing criminal proceeds and the proceeds thereof within one year Those who have received administrative penalties and then cover up or conceal criminal proceeds and the proceeds generated therefrom; the criminal proceeds covered up or concealed are electrical equipment, transportation facilities, radio and television facilities, public telecommunications facilities, military facilities, or disaster relief, emergency rescue, flood prevention, or special care , poverty alleviation, immigration, and relief funds and materials; concealing and concealing behaviors that prevent the upstream crimes from being investigated and dealt with in a timely manner and causing irreparable losses to public and private property; engaging in other behaviors that cover up and conceal criminal proceeds and the proceeds generated therefrom, hindering the judicial organs from investigating the upstream crimes held accountable.

Legal basis

Article 312 of "Criminal Law of the People's Republic of China" Anyone who sells on behalf of others or uses other methods to cover up or conceal shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or control, and may also be fined; if the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years, and concurrently be fined. If a unit commits the crime in the preceding paragraph, the unit shall be fined, and the person directly in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.