ChainCatcher news, Sun Guanjun, the chief judge of the People's Court of Taiping and a senior judge at level four, and Wei Yuzheng, a judicial police officer from the judicial police team, co-authored "The Validity of Virtual Currency Transactions." The article points out that the legal and regulatory framework regarding the validity of virtual currency transactions should be improved as soon as possible.On one hand, it is necessary to quickly resolve historical issues and provide corresponding solutions on how to handle virtual currency transactions that occurred before the issuance of the "Announcement on Preventing the Risks of Token Issuance Financing" by the People's Bank of China, the Cyberspace Administration of China, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the China Insurance Regulatory Commission.On the other hand, for the issues faced in judicial practice regarding the seizure and confiscation of virtual currencies that cannot be disposed of, feasible solutions should be introduced to maximize the protection of the parties' interests.