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People's Court Daily: The act of stealing virtual currency constitutes the crime of theft and the crime of illegally obtaining data from computer systems

ChainCatcher news, the Civil Court Daily published an article titled "Criminal Qualification of Illegal Theft of Virtual Currency," which points out that the act of stealing virtual currency constitutes theft. As an economic property, it must have value, including utility, scarcity, and disposability. Scarcity is reflected in the constant total supply of virtual currency, which is not infinitely available. Disposability is demonstrated by the use of asymmetric encryption technology for virtual currency, which exists in wallets (i.e., addresses), and once the address and private key are obtained, one can control the virtual currency. Utility is reflected in the fact that virtual currency, as a specific data encoding, must be generated through "mining," which condenses social abstract labor.The article also points out that the act of stealing virtual currency constitutes the crime of illegally obtaining data from computer systems, as virtual currency has data characteristics. The illegal theft of virtual currency constitutes the crime of illegally obtaining data from computer systems. Regarding the determination of the amount of stolen virtual currency, it is more reasonable to set the amount of virtual currency involved in the case at the time the defendant committed the crime rather than when the victim purchased the virtual currency.
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