🚨【Beijing Public Security Online Virtual Currency Disposal New Mechanism】
On June 5, the Legal Affairs Division of the Beijing Municipal Public Security Bureau signed a cooperation agreement with the Beijing Property Exchange to explore the path of "physical submission" for involved virtual currencies📦
Traditional virtual currency cases have been a regulatory challenge due to the "inability to cash out domestically." This time, through the property exchange listing, conversion, and submission to the treasury, a clear solution has been provided💡
📌 My Opinion:
1️⃣ Although it is "case disposal," the direction is **"how to legally dispose of virtual currencies,"** rather than a blanket suppression.
2️⃣ It reflects a new regulatory response strategy to the combination of "cross-border + crypto assets."
3️⃣ Once the mechanism is successfully implemented, it may become a new template for handling OTC money laundering and illegal fundraising cases in the future.
👉 The cryptocurrency ecosystem is being reshaped by "physical logic," and the intersection of policy and on-chain assets is becoming increasingly worthy of attention.
