In the past, there was no special foreign exchange crime in the old criminal law. Traditionally, foreign exchange crimes, including evasion, arbitrage and fraudulent purchase of foreign exchange, have been included in the crime of smuggling or speculation. Criminal Code 1979 has no clear crime of evasion and arbitrage. 1On March 8, 1982, the NPC Standing Committee passed the Provisions on Severe Punishment of Crimes that Seriously Destroy the Economy, which classified crimes such as foreign exchange evasion, smuggling and speculation as one category, and mentioned this crime for the first time. Later, the Supplementary Provisions on Punishing the Crime of Smuggling was adopted on June1988 65438+1October 2 1, and the crime of foreign exchange evasion and arbitrage formally appeared. 1997 after the revision of the new criminal law, only the crime of evading foreign exchange was retained, but "arbitrage" was not further defined as a crime. Until199865438+February 29th, the Sixth Session of the NPC Standing Committee adopted the Decision on Punishing Crimes of Foreign Exchange Fraud, Foreign Exchange Evasion and Illegal Trading (hereinafter referred to as the Decision), which amended and supplemented the Criminal Law. At this point, this new crime-"the crime of fraudulently buying foreign exchange" was born.