Deep Tide TechFlow News, on August 17, according to China News Network, the Public Security Bureau of Duyun City, Guizhou Province, has explored a new practical model for handling the preservation of virtual currencies involved in cases. Since China strictly banned virtual currency trading in 2021, public security agencies across the country have faced technical challenges in preserving and disposing of virtual currencies involved in cases.
During the case handling process, Duyun Public Security discovered that some suspects converted their illegally obtained proceeds into virtual currencies. In response to such situations, local public security agencies adopted cold wallet technology to physically isolate and store the seized virtual currencies, which are uniformly kept at the Duyun City Case Property Co-management Center, awaiting the final court ruling.
Since its operation started in November 2022, the co-management center has received 24,753 items involved in cases, over 20.4955 million yuan in funds involved, and more than 7,000 volumes of various case files. This exploration by Duyun Public Security provides a reference solution for handling the preservation of virtual currencies involved in cases across the country.
