China’s Justice Net advocates for standardized judicial procedures and roles for handling criminal virtual currencies, calling for unified technical and legal measures.
China’s Justice Net has proposed a multi-path approach to dispose of criminal virtual currencies, including monetization, destruction, or return to owners. The proposal calls for standardized procedures from the Supreme Court and Prosecutor’s Office, with oversight and differentiated handling based on the specifics of each case. It also emphasizes legal recognition of third-party disposal agents and prosecutorial supervision throughout the process.