⚖️ The report from the Mainland People's Court proposes: The involved virtual currency can explore a "compliance monetization abroad + black hole destruction" dual-track mechanism.

As far as I know:

Actually, relevant departments have done this long ago—

Some sovereign governments or POLICE agencies have engaged with Tether to transfer USDT-related involved assets into a black hole or destroy them, and then reissue new USDT to the government for disposal and monetization!

The benefit of this is turning seized assets into actual assets: for example, if some criminal suspects are brought to justice, and the investigating unit seizes their Tether, but cannot access the private key, it becomes a huge piece of worthless paper,

As seen in a case in Hubei Shayang involving hundreds of billions related to bo vegetables.

The main core personnel were abroad and did not come to trial; the hardware wallet only had a password, no private key, could be opened, but could not be transferred. The funds were too large, and later everyone was afraid of violating regulations, no one dared to touch it.

If they wanted to operate, they could do it this way—

✅

The government connects with Tether → destroys → reissues → judicial assets are converted into liquid funds.

This mechanism can solve:

1️⃣

The judicial circulation dilemma of assets without private keys

2️⃣

Increase case handling efficiency and transparency of legal disposal

3️⃣

Grant actual judicial effect to the “black hole address”

💥

The key is not “destruction,” but “empowerment”!

The establishment of such mechanisms not only has practical feasibility but also addresses the following three major judicial pain points:

1️⃣

Technical deadlock: Inability to obtain private keys leads to permanent freezing of assets, greatly wasting judicial resources;

2️⃣

Lack of legality in monetization: Even if the funds are “movable,” there is a lack of on-chain compliant monetization channels;

3️⃣

Cross-border cooperation barriers: On-chain assets are inherently decentralized, and cross-border legal enforcement is weak.