The People's Court Daily published an article suggesting the prompt introduction of comprehensive judicial disposal guidelines for virtual currencies

ChainCatcher news, the People's Court Daily published an article titled "The Judicial Disposal of Virtual Currency Must Be Standardized," which points out that the standardization of judicial disposal of virtual currency is crucial for maintaining financial stability and promoting healthy market development. According to statistics from SAFEIS Security Research Institute, in 2023, the total number of cases involving virtual currency crimes in China was 428, a decrease of 88.9% compared to 2022, but the amount involved surged to 430.719 billion yuan, approximately 12.36 times that of 2022.

The article emphasizes that the current disposal of virtual currency faces multiple challenges, including ownership identification, value assessment, and legal monetization. To address these issues, it is recommended to promptly issue comprehensive judicial disposal guidelines for virtual currency, clarifying its legal status, compliance requirements, asset disposal procedures, and legal responsibilities.

At the same time, the article calls for strengthening international cooperation to jointly address the global challenges posed by virtual currency, laying a legal foundation for the development of the digital economy and digital finance.