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Exploring Duyun’s Cold Wallet Approach to Crypto Asset Preservation Under China’s New Regulations
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The city of Duyun, Guizhou Province, is experimenting with a new way to handle frozen crypto assets in judicial cases — transferring them into cold wallets for secure, physical isolation. This approach aims to ensure the safety of digital evidence and prevent the loss of seized assets. In the backdrop of China’s tightening regulation on cryptocurrencies, this could become a reference model for other regions dealing with similar cases. It highlights how China is not only restricting private crypto activity but also actively developing judicial practices for handling digital assets. 💬 The big question: Can this model strike the right balance between law enforcement needs and asset security? And what role might it play in shaping the future compliance path for crypto assets in China? #中国加密新规
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