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The Beijing Seminar Focuses on Legal and Regulatory Challenges in the Disposal of Virtual Currencies

(Translated by AI)

Jan 26, 2025

At the "Seminar on the Disposal of Virtual Currencies Involved in Cases" organized by the China Banking and Insurance Regulatory Commission, Liu Xiaoyu, the Chairman of the Management Committee of Zhongyin Law Firm, stated that China's current "prohibitive" regulatory framework is detrimental to competing in the global Web3.0 landscape and hampers the development of the digital economy. He suggested that existing regulatory policies should be appropriately adjusted on the basis of risk prevention. Experts at the conference explored the disposal of virtual currencies from multiple dimensions, covering concepts of virtual currencies, legal attributes, the current status of legislation abroad, and practices of disposal in various regions. However, there are currently issues in China regarding the disposal of virtual currencies, including imperfect legislation and a lack of interpretative space in the law, which pose significant legal risks and practical difficulties for the disposal of virtual currencies.

Source

Odaily:Representatives from the Supreme Court, the Supreme Procuratorate, the Ministry of Public Security, and other departments participated in a seminar on the disposal of virtual currencies involved in cases.

TechFlow:The Supreme People's Procuratorate of China and multiple departments held a seminar in Beijing on the disposal of virtual currencies involved in cases.

ForesightNews:Legal Daily: Seminar on the Disposal of Involved Virtual Currencies Held in Beijing

PANews:The Beijing seminar discusses the legal and regulatory challenges of virtual currency disposal.

律动:A seminar on the disposal of virtual currencies involved in cases was held in Beijing, China, with representatives from the Supreme Court, the Supreme Procuratorate, and other departments in attendance.

BlockBeats:Beijing hosts a seminar on handling virtual currency cases, discussing legal and regulatory coordination.

wublockchain12:At the "Seminar on the Disposal of Virtual Currencies Involved in Cases" organized by the China Banking and Insurance Regulatory Commission, Liu Xiaoyu, the Chairman of the Management Committee of Zhongyin Law Firm, stated that China's current "prohibitive" regulatory framework is detrimental to competing in the global Web3.0 landscape and hampers the development of the digital economy. He suggested that existing regulatory policies should be appropriately adjusted on the basis of risk prevention. Experts at the conference explored the disposal of virtual currencies from multiple dimensions, covering concepts of virtual currencies, legal attributes, the current status of legislation abroad, and practices of disposal in various regions. However, there are currently issues in China regarding the disposal of virtual currencies, including imperfect legislation and a lack of interpretative space in the law, which pose significant legal risks and practical difficulties for the disposal of virtual currencies.

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