Article 19 of the Regulations on the Administration of Gold and Silver in People's Republic of China (PRC) stipulates that units that apply for dealing in (including processing and selling) gold and silver products, chemical products containing gold and silver, and recovering gold and silver from the "three wastes" containing gold and silver (hereinafter referred to as business units) refer to units engaged in the following businesses:
1. Gold and silver products: including gold and silver ornaments, utensils and other handicrafts; Production equipment, such as wires, tubes, rods, sheets, foils, test crucibles, contacts, appliances, electroplating parts and spare parts; Scientific research equipment, medical instruments and gold-based and silver-based alloy products, etc. 2. Chemical products containing gold and silver: including gold chloride, potassium cyanide, gold water, silver nitrate, silver oxide, silver chloride, silver iodide and silver bromide.
3. "Three wastes" containing gold and silver: including gold and silver-containing smelting waste crucible, slag, grinding ash, anode mud, sewage sludge, fixing solution, washing water, film, photographic paper, waste electrical switches, waste electronic components, etc.
Any unit that applies for dealing in gold and silver products, chemical products containing gold and silver and recovering gold and silver from the "three wastes" of gold and silver must report to the competent department for examination and approval, and register with the local administrative department for industry and commerce and issue a business license after being examined and approved by the branch of the People's Bank of China.
Any business unit that fails to register according to the relevant provisions of the above-mentioned examination and approval procedures must go through the examination and approval and registration procedures again. Without approval and registration, it is not allowed to operate. The people's Bank of China at all levels or the entrusted institutions have the right to supervise and inspect the relevant business units. Business units shall truthfully provide relevant business information and materials to local branches or entrusted institutions of the People's Bank of China.
The act of expanding information to fabricate currency is suspected of violating the crime of counterfeiting currency in China's criminal law and should be sentenced to fixed-term imprisonment of more than 3 years 10 years. If the circumstances are especially serious, they shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined or confiscated.
Criminal law of the people's Republic of China
Article 171 Whoever sells or buys counterfeit currency or knowingly transports counterfeit currency, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge, he shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan, or his property shall be confiscated.
Employees of banks or other financial institutions who buy counterfeit money or convert counterfeit money into money by taking advantage of their positions shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan, or his property shall be confiscated; If the circumstances are relatively minor, they shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also or only be fined not less than 10,000 yuan but not more than 100,000 yuan.
Whoever counterfeits currency and sells or transports counterfeit currency shall be convicted and given a heavier punishment in accordance with the provisions of Article 170 of this Law.
Article 172 Whoever knowingly holds and uses counterfeit currency, with a relatively large amount, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also, or shall only, be fined not less than 10,000 yuan but not more than 100,000 yuan; If the amount is huge, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is especially huge, he shall be sentenced to fixed-term imprisonment of not less than 10 years, fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property.