PANews reported on January 26 that according to the Legal Daily, a seminar on "Disposal of Virtual Currency Involved in Cases" hosted by the Law School of Renmin University of China and other institutions was held in Beijing on January 19, 2025, attracting nearly 60 experts from the legislative, judicial and business communities to participate. The meeting conducted in-depth discussions on the legal attributes, regulatory policies and judicial practices of virtual currencies.
The main points include:
1. Legal attributes and supervision of virtual currency :
Liu Xiaoyu of Zhongyin Law Firm pointed out that there are many views on the legal attributes of virtual currency, such as "virtual property theory" and "digital commodity theory". He believes that my country's current "prohibitive" supervision limits its ability to participate in the global Web3.0 competition, and recommends moderate policy adjustments based on risk prevention.
2. Difficulties in handling in judicial practice :
Experts at the meeting generally believed that the current decentralized and transnational characteristics of virtual currencies make judicial disposal difficult, such as difficulty in characterization, evidence collection, and custody. Guo Shuo from China University of Political Science and Law pointed out that the nature and disposal rules of virtual currencies should be clarified at the legislative level, and the right of victims to participate and the standardization of disposal procedures should be strengthened.
3. International perspective and regulatory coordination :
He Ting from Beijing Normal University mentioned that the regulation of virtual currency needs to focus on the coordination of criminal justice and administrative management, prevent new types of illegal and criminal risks, and solve the problem of recovering stolen money through cross-border cooperation.
4. Combination of technology and law :
Nie Youlun from East China Normal University emphasized that blockchain tracking technology and advanced investigative methods should be used to improve the chain of evidence; at the same time, legal interpretation should be optimized to meet practical challenges.
Conclusion and suggestions:
The meeting unanimously agreed that my country needs to speed up legislation related to virtual currencies, clarify their property attributes and regulatory boundaries, and strengthen international cooperation and technology applications to provide legal protection for the disposal of virtual currencies involved. In addition, it is recommended to create a better legal environment for the development of the digital economy by formulating dynamic regulatory policies to balance innovation and risks.
