Beijing

The seminar on the disposal of virtual currencies involved in the case was held in Beijing, with representatives from the Supreme Court, the Supreme Procuratorate, and other departments attending

ChainCatcher news, according to China's Legal Daily, to implement the spirit of the Third Plenary Session of the 20th Central Committee of the Communist Party, and to fully leverage the role of the rule of law in the modernization of the national governance system and governance capacity, a seminar on "Disposal of Virtual Currency Involved in Cases" was held in Beijing on January 19, organized by the Law School of Renmin University of China. Nearly 60 participants attended the meeting, including representatives from the Legislative Affairs Commission of the National People's Congress, the Supreme People's Court, the Supreme People's Procuratorate, the Ministry of Public Security, as well as legal theorists, lawyers, and business representatives.During the meeting, Wang Tuo, head of the Financial Case Handling Team of the Fourth Procuratorial Department of the Supreme People's Procuratorate, stated:We must face history and reality, and cannot ignore the decisive role of regulatory documents in curbing speculative behavior in cryptocurrencies. At the same time, we should accelerate top-level design to address various issues related to virtual currency crimes.We need to strengthen the coordination between criminal justice and administrative regulation, adhering to the principle of unified legal order.We should strive to reach a consensus on the nature of virtual currencies, especially ensuring that civil and criminal identifications do not contradict each other.We need to establish scientifically reasonable procedural norms to prevent various risks in judicial disposal.We should emphasize the complementary relationship between technology and case handling.

Trump will officially take the oath of office as President of the United States at 1 a.m. Beijing time on the 21st

ChainCatcher news, according to BBC News, Donald Trump will officially take the oath of office as the 47th President of the United States at 12 PM Eastern Time on January 20 (Beijing Time: 1 AM on the 21st).Inauguration Day includes the formal oath-taking ceremony, musical performances, a celebratory parade, and a series of formal balls. The elected Vice President J.D. Vance will also take the oath of office, joining Trump on stage to officially begin the new administration.Trump's second inauguration ceremony will first take place at the historic St. John's Church at Lafayette Square in Washington, D.C., followed by a tea reception at the White House. Musical performances and opening remarks will begin at 9:30 AM Eastern Time (10:30 PM Beijing Time) on the main event stage on the West Lawn of the U.S. Capitol. Following this, Trump and Vance will hold the oath-taking ceremony, and the President will deliver an inaugural address outlining the goals for the next four years. Afterward, Trump will head to the presidential office near the Senate to sign important documents. He will then attend a lunch hosted by the Joint Congressional Inaugural Committee. Following that, the parade will proceed from the Capitol along Pennsylvania Avenue to the White House.Later that evening, Trump will attend three inaugural balls—the Commander-in-Chief Ball, the Freedom Inaugural Ball, and the Starlight Ball. He is expected to deliver speeches at all three events.

Beijing procuratorial authorities have penetrated and cracked down on the money laundering paths of virtual currency, recovering over 89 million yuan in stolen funds

ChainCatcher news, according to the Workers' Daily report, the Beijing People's Procuratorate has released the work situation of the "Procuratorial Protection for Enterprises" special action and published typical cases. In a case of embezzlement, the defendant defrauded the company of over 140 million yuan, and the procuratorial authorities tracked the virtual currency to recover losses.Between 2020 and 2021, Feng, taking advantage of his position at a certain technology company's service provider and regional operations growth department, conspired with Tang and Yang to defraud the company of service provider bonuses totaling over 140 million yuan. Subsequently, Feng directed Tang and Yang to use eight overseas virtual currency trading platforms to convert the involved funds from yuan to virtual currency, obfuscating the source and nature of the funds through overseas "mixing" platforms, and transferring them in multiple layers. Part of the involved funds flowed into accounts controlled by Feng and others in yuan form, while some were concealed by Feng and others in virtual currency form.In response to the defendants' distribution of profits using virtual currency and the obfuscation of fund flows through overseas "mixing" platforms, the procuratorial authorities conducted a line-by-line comparison and two-way review of virtual currency and legal tender, accurately identifying the flow of funds. This ultimately prompted Feng to return 92 bitcoins, recovering over 89 million yuan in illicit gains, maximizing the economic losses recovered for the victimized unit.On September 14, 2024, the Beijing First Intermediate People's Court issued a judgment, sentencing defendant Feng and seven others for embezzlement, with prison terms ranging from 14 years and 6 months to 3 years, along with corresponding fines. The judgment has taken effect.
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