Experts from the Law School of Beijing Normal University: It is recommended to regulate virtual currency trading as personal overseas investment behavior

ChainCatcher news, experts Lu Jianping and Liu Jia from the Law School of Beijing Normal University stated in their research article that China's current prohibition policy not only fails to adequately address the inherent risks of virtual currencies but also exacerbates the underground and cross-border trends of virtual currency trading, resulting in a unique residual risk situation.

The two experts suggest accelerating the formulation of the "Digital Property Law," classifying virtual currencies as non-financial commodities, and incorporating them into the management of individual overseas investment behaviors through scenario-based multiple regulations. At the same time, they recommend improving the relevant provisions of the "Anti-Money Laundering Law," including virtual asset service providers within the scope of specific non-financial institutions, strengthening the regulation of decentralized finance (DeFi) transactions and peer-to-peer (P2P) transactions, and establishing a sound mechanism for the recovery and disposal of related assets.