The Seminar of the Virtual Currency disposal involved in the case was held in Beijing. Experts called for improvement of legislation and supervision

PANews reported on January 26 that according to the "Rule of Law Daily" report, the "Disposal of Virtual Currency Involved" seminar hosted by Renmin University of China Law School and other institutions was held in Beijing on January 19, 2025, attracting people from the legislative, judicial, Nearly 60 experts from the business community participated. The meeting held in-depth discussions around the legal attributes, regulatory policies and judicial practices of virtual currencies.

Key points include:

1. Legal attributes and supervision of virtual currency :

Liu Xiaoyu from the Bank of China Law Firm pointed out that there are many views on the legal attributes of virtual currencies such as the "virtual property theory" and the "digital commodity theory". He believes that my country's current "prohibitive" supervision limits the ability to participate in global Web 3.0 competition, and suggests that policies should be adjusted appropriately on the basis of risk prevention.

2. Disposal problems in judicial practice :

Experts attending the meeting generally believed that the current decentralization and transnational characteristics of virtual currencies make judicial handling faced with problems such as difficulty in characterization, verification, and custody. Guo Shuo of 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 victims’ rights to participate and the standardization of disposal procedures should be strengthened.

3. International perspective and regulatory coordination :

He Ting of Beijing Normal University mentioned that the supervision of virtual currencies needs to pay attention to the coordination of criminal justice and administrative management, prevent new illegal and criminal risks, and solve the problem of recovering stolen goods through transnational cooperation.

4. Combination of technology and law :

Nie Youlun of East China Normal University emphasized that blockchain tracking technology and advanced investigation methods should be used to improve the evidence chain; at the same time, legal interpretation should be optimized to meet practical challenges.

Conclusions and recommendations:

The meeting unanimously agreed that my country needs to speed up legislation related to virtual currencies, clarify its property attributes and regulatory boundaries, and at the same time strengthen international cooperation and technology application to provide legal protection for the disposal of virtual currencies involved in cases. 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.