律动BlockBeats
--
People's Court Daily: Mining Condenses Social Abstract Labor, Virtual Currency Has Use Value and Exchange Value
BlockBeats reported that on December 7, the People's Court Daily published an article (Criminal Law Characterization of Illegal Theft of Virtual Currency) discussing related issues. In this case, several defendants agreed to use contract codes to steal USTD, resulting in the theft of a total of 57,307.11 USDT from the victim, Hu.
The People's Court Daily commented that this case should be classified as theft. This is because the relevant regulations only deny its status as legal tender but do not deny the property attributes of virtual currency. Its utility is reflected in that virtual currency, as a specific data code, must be generated through 'mining', which condenses social abstract labor. In real life, virtual currency can be transferred and traded, yielding calculable economic benefits, possessing both use value and exchange value. Therefore, virtual currency has property attributes, and the defendant's act of stealing virtual currency constitutes theft.
The People's Court Daily commented that this case should be classified as theft. This is because the relevant regulations only deny its status as legal tender but do not deny the property attributes of virtual currency. Its utility is reflected in that virtual currency, as a specific data code, must be generated through 'mining', which condenses social abstract labor. In real life, virtual currency can be transferred and traded, yielding calculable economic benefits, possessing both use value and exchange value. Therefore, virtual currency has property attributes, and the defendant's act of stealing virtual currency constitutes theft.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
