The People's Court Daily published a document entitled "Judicial Disposal of Virtual Currency Must Be Standardized", and the amount involved in the case in 2023 reached 430.719 billion yuan

The People's Court Daily published an article entitled "The Judicial Disposal of Virtual Currency Must Be Standardized", which pointed out that the standardization of the judicial disposal of virtual currency is crucial to maintaining financial stability and promoting the healthy development of the market. According to statistics from the SAFEIS Security Research Institute, the total number of cases involving virtual currency crimes in China in 2023 was 428, a decrease of 88.9% from 2022, but the amount involved increased sharply to 430.719 billion yuan, about 12.36 times that of 2022. The article emphasizes that the current disposal of virtual currency faces multiple challenges such as ownership identification, value assessment and legal realization. In response to these problems, it is recommended to issue comprehensive guidelines for the judicial disposal of virtual currency as soon as possible to clarify its legal status, compliance requirements, asset disposal procedures and legal responsibilities. At the same time, the article calls for strengthening international cooperation to jointly respond to the global challenges brought by virtual currency and lay a legal foundation for the development of digital economy and digital finance.