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.
Odaily Planet Daily reported that to implement the spirit of the 20th National Congress of the Communist Party of China and 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 Involved Virtual Currencies" was held in Beijing on January 19, co-hosted by the Law School of Renmin University of China, the Criminal Law Science Research Center of Renmin University of China, and Beijing Zhongyin Law Firm. Nearly 60 participants attended the meeting, including representatives from practical departments such as the Legislative Affairs Commission of the National People's Congress, the Supreme People's Court, the Supreme People's Procuratorate, and the Ministry of Public Security, as well as members of the legal academia, the legal profession, and corporate representatives.
Wang Tuo, head of the Financial Case Handling Team of the Fourth Procuratorial Department of the Supreme People's Procuratorate, and He Ting, associate dean and professor at the Criminal Law Science Research Institute of Beijing Normal University, participated in the discussions. Wang Tuo emphasized that first, we must face history and reality, acknowledging the decisive role that regulatory documents play in curbing speculative behavior in cryptocurrencies; at the same time, we should accelerate the top-level design to address various issues related to virtual currency crimes. Second, it is essential to strengthen the synergy between criminal justice and administrative regulation, adhering to the principle of unified legal order. Third, we should strive to reach a consensus on the nature of virtual currencies, particularly ensuring that civil and criminal identifications do not contradict each other. Fourth, we need to establish scientifically reasonable procedural norms to prevent various risks during judicial disposal. Fifth, we should emphasize the complementary relationship between technology and case handling.
He Ting pointed out that the disposal of virtual currencies should focus on solving issues related to their qualification, classification, regulation, and procedural norms. Virtual currencies do not fall under the category of prohibited items and can be treated as objects of property crimes. There is room to classify them as a special category of involved property and regulate their disposal accordingly. It is essential to distinguish between different categories and roles of virtual currencies in various types of crimes, and adopt different disposal paths. Effective interaction between technology and legal norms should be employed to regulate the disposal of involved virtual currencies, adhering to the demands of substantive fairness and justice. (Legal Daily)
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.
Odaily Planet Daily reported that to implement the spirit of the 20th National Congress of the Communist Party of China and 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 Involved Virtual Currencies" was held in Beijing on January 19, co-hosted by the Law School of Renmin University of China, the Criminal Law Science Research Center of Renmin University of China, and Beijing Zhongyin Law Firm. Nearly 60 participants attended the meeting, including representatives from practical departments such as the Legislative Affairs Commission of the National People's Congress, the Supreme People's Court, the Supreme People's Procuratorate, and the Ministry of Public Security, as well as members of the legal academia, the legal profession, and corporate representatives.
Wang Tuo, head of the Financial Case Handling Team of the Fourth Procuratorial Department of the Supreme People's Procuratorate, and He Ting, associate dean and professor at the Criminal Law Science Research Institute of Beijing Normal University, participated in the discussions. Wang Tuo emphasized that first, we must face history and reality, acknowledging the decisive role that regulatory documents play in curbing speculative behavior in cryptocurrencies; at the same time, we should accelerate the top-level design to address various issues related to virtual currency crimes. Second, it is essential to strengthen the synergy between criminal justice and administrative regulation, adhering to the principle of unified legal order. Third, we should strive to reach a consensus on the nature of virtual currencies, particularly ensuring that civil and criminal identifications do not contradict each other. Fourth, we need to establish scientifically reasonable procedural norms to prevent various risks during judicial disposal. Fifth, we should emphasize the complementary relationship between technology and case handling.
He Ting pointed out that the disposal of virtual currencies should focus on solving issues related to their qualification, classification, regulation, and procedural norms. Virtual currencies do not fall under the category of prohibited items and can be treated as objects of property crimes. There is room to classify them as a special category of involved property and regulate their disposal accordingly. It is essential to distinguish between different categories and roles of virtual currencies in various types of crimes, and adopt different disposal paths. Effective interaction between technology and legal norms should be employed to regulate the disposal of involved virtual currencies, adhering to the demands of substantive fairness and justice. (Legal Daily)
