Policy breakthrough! The court has issued a 'property ID' for the cryptocurrency sector
'When the judicial system begins to issue 'property certificates' for virtual currencies, the cryptocurrency sector in the cold winter has finally welcomed a beam of regulatory spotlight.
1. Policy core: Registering coins, opening overseas exports
1. Property rights finally get 'official stamping'
Shenzhen Intermediate Court explicitly states: 'Virtual currencies have property attributes, and there has long been judicial consensus.'
This means: If the BTC/ETH you hold is involved in inheritance or debt disputes, the court may recognize its value (for example, Bitcoin must be accounted for in divorce asset division);
But don't misunderstand: this does not equate to opening up domestic trading! Buying coins with RMB is still a violation.
2. The involved coins now have a 'compliant realization channel'
How to handle coins seized by the court? The new plan offers two paths:
- Mainstream coins (BTC/ETH, etc.): Commission licensed institutions to convert to fiat currency at compliant exchanges in Hong Kong, with foreign exchange returning domestically;
- Privacy coins (XMR/DASH, etc.): Directly sent to 'black hole addresses' for permanent destruction, citing national security concerns.
2. Market impact: Favorable for mainstream coins, privacy coins face 'death penalty'
- Bitcoin holders smile:
Judicial endorsement indirectly enhances the legality of BTC/ETH, making long-term holding more reassuring. My friend Xiao Yang's mining machine dispute case was rejected by the court last year; now he wants to reopen the case after finding the contract—after confirming property attributes, the acceptance probability of such cases may increase.
- Privacy coin players should hurry to run::
Monero (XMR) and others have been named for 'destruction', domestic holders face the risk of zeroing out. On-chain data shows that recent activity of XMR addresses in China has dropped by 30%, and some OTC dealers have stopped accepting it.
3. Anna's viewpoint: Practical with deeper meaning, but don't be too optimistic
- Progressiveness:
The court no longer 'pretends not to see' the value of coins, but pragmatically solves the realization problem through the Hong Kong channel. This is equivalent to tacitly allowing overseas compliant markets, with the Hong Kong exchange likely becoming the biggest winner (favorable for Hong Kong platforms like OSL).
Limitations:
- Complex process: Police seizure → Court entrustment → Hong Kong realization → Foreign exchange repatriation, this process may take half a year, actual market entry funds are limited;
- Civil rights protection remains difficult: The Shenzhen legal community reveals that lawsuits for losses in cryptocurrency trading are still mostly not accepted by the courts.
'When the 'black hole' for destroying privacy coins opens, the compliant window of Hong Kong OTC is also quietly shining—will the next wave of policy dividends be hidden in the foreign exchange accounts of judicial realization?'
Action suggestions: Mainstream coin holders should pay attention to the dynamics of compliant exchanges related to Hong Kong; privacy coin players should quickly switch assets; investors should remember that domestic trading red lines have not loosened!）
> This article represents Anna's personal interpretation and does not constitute investment advice. The details of the policy implementation are subject to official announcements.