Deep Tide TechFlow news, on August 3, according to China Economic Net, since China strictly prohibited virtual currency transactions in 2021, how to handle virtual currencies involved in cases has become a major challenge. The Legal Affairs Division of the Beijing Public Security Bureau has collaborated with the Beijing Property Exchange to establish a disposal mechanism for virtual currencies involved in cases. The main process is: the public security organs entrust the physical virtual currencies involved in cases to the Beijing Stock Exchange for disposal, the Beijing Stock Exchange selects professional service agencies to carry out operations such as testing, receiving, and transferring the virtual currencies involved, and publicly liquidates and sells them through licensed exchanges in Hong Kong, transferring the settlement into a special account for case funds of the public security organs, which will later be confiscated and turned over to the national treasury or returned to the victims according to the law.
According to the process design, the multi-department collaboration established by the protocol can ensure that the transfer, inquiry, trading, settlement, and accounting of virtual currencies are completed in an orderly manner. After multiple demonstrations, all preparations are ready. On March 29, the Legal Affairs Division guided the Shunyi Branch to sign (Virtual Currency Disposal Business Agreement) with the Beijing Stock Exchange.