The Ke Wenzhe Jinghua City case continues to spread. The investigation line and the media have recently revealed that it is related to cryptocurrency financial flows. Chen Minjin, a prosecutor of the Taipei District Prosecutor’s Office who recently joined the Taipei District Prosecutor’s Office, was involved in the ACE Ace Exchange virtual currency fraud case. There are "blockchain gold Known as the "flow master", political commentaries began to talk about Ke Wenzhe hiding money and saying "virtual currency cannot detect the cash flow." However, later, encryption experts clarified that centralized exchanges are actually better at capturing cash flow.
Now the case has taken a turn for the worse. Mirror Weekly has revealed that Ko Wenzhe's wife, Chen Peiqi, deposited 6 million in batches at an ATM in the past, which involved money laundering. Therefore, she has been interviewed by prosecutors many times. It also mentioned that Ko Wenzhe's profit-seeking crime may be upgraded to bribery, and Chen Peiqi Possible accomplices in corruption face a five-year sentence under the Money Laundering Prevention Act.
Extended reading: Can’t find Ke Wenzhe’s Bitcoin cash flow? Experts slap in the face: Exchange KYC must leave traces
Chen Peiqi’s multiple ATM deposits of millions are suspicious?
Among them, the part that is most questioned by public opinion is Chen Peiqi's claim that there is a large amount of cash at home that has not been deposited in the bank. The source is salary, speaking fees, and author fees, which has aroused doubts from the outside world. Chen Peiqi claims that keeping deposits at home is a financial management habit, but it still arouses discussion among many people.
Among them, Professor Li Zhongxian of National Cheng Kung University said bitterly that Chen Peiqi lacked knowledge and did not look like something a person with high IQ would do. The community also triggered polarized discussions. Some people think that it is more convenient to transfer large amounts through bank transfer services. Need to be secretive to deal with cash flow.
Some people also believe that choosing to use an ATM for processing is a personal choice. Since you are willing to take money into the ATM, it means you have the confidence to accept the cash flow test. However, there are currently different opinions in the community, some believe it and some do not.
Now the reality may be that the current investigation suspects that Chen Peiqi's multiple deposits amounting to millions are regarded as a new direction of cash flow tracing, and has been handed over to blockchain cash flow experts for continuous tracking. The case continues to be confusing.
Expert: Chen Peiqi’s behavior is consistent with that of a crypto withdrawer, but the logic is irrational
The Ke Wenzhe case also caused public investigation into the financial flow of cryptocurrency, and also caused many misunderstandings and misunderstandings about cryptocurrency. In response to the controversy caused by Chen Peiqi, Dongqu District asked an anonymous expert who is familiar with the over-the-counter cryptocurrency trading ecology. He said It means that like Chen Peiqi, the behavior of suddenly appearing a large amount of cash and depositing it in the bank in batches is often seen by cryptocurrency withdrawers, but generally speaking, Chen Peiqi's handling method is unlikely to occur:
In fact, many crypto customers are like this. They bought Bitcoin very early. A few years ago, it may not have been a big sum of money, such as hundreds of thousands of dollars. As a result, the value has skyrocketed to millions, or even tens of millions. It has exceeded 100 million. This is a windfall for anyone. So do you think there is a legal, convenient, and even taxable channel in Taiwan that can handle these properties?
The answer is, probably not.
To be honest, this is a gray area, and many lawyers and legal professionals don’t know how to deal with it. Unless it is definitely related to crime, it is difficult to say whether it is money laundering or something else. Of course, I don’t know whether the cash flow involves money laundering or crime, but Bitcoin is just a tool, it itself should be neutral, and whether it is money laundering should be determined based on the user's behavior.
VASP related regulations are actually being formulated now, and there is no income tax on cryptocurrency in Taiwan, so at least for now, you have to cash out these cryptocurrencies in Taiwan and use them, and withdraw money into legal tender cash through over-the-counter transactions (OTC). In practice, This is a very common choice. Many of these customers who withdraw money will keep a lot of cash at home and use it slowly bit by bit, or take small amounts in batches and deposit them slowly into the ATM .
The reason for doing this is also because they are afraid of being asked by bank staff about the source of the money, because even if it is legal non-criminal income, it is very difficult for you to explain it based on the current social atmosphere and misunderstanding of the cryptocurrency industry. Many banks traditionally only need to hear Cryptocurrency will classify you as a high-risk customer.
However, experts also mentioned that although Chen Peiqi’s behavior is consistent with that of a cryptocurrency withdrawer, it stands to reason that cryptocurrency users are usually very low-key and do not like to have their money flows recorded by banks. They will not spend large amounts of money like her. One deposit into the bank:
Because fraud is rampant now, banks have long implemented risk controls for customers who deposit more than a certain amount. Therefore, generally speaking, it is impossible for cryptocurrency withdrawers to deposit more than NT$500,000 in a short period of time, because this is very stupid. I am Seeing crypto users, if they really use cryptocurrency to withdraw money, it is unlikely that they will deposit large amounts into the ATM multiple times in a short period of time like she did, because the final investigation of the information will still find the cash flow, which is not in line with the value of the cryptocurrency circle. and habits.
But I also want to say that the current regulations may not have such fair and good channels for the income from cryptocurrency in terms of legal affairs or legalization, so everyone avoids it when they can. This is actually putting the cart before the horse in terms of policy.
Many people also want to have legal income to pay taxes so they can buy a house! But it can’t be done. This should be the direction the government should work towards.
BlockTempo reminds: "Everyone should be presumed innocent until proven guilty according to law."
