Professor Xie Dengke from the Center for Theoretical Legal Studies at Jilin University published an article stating that virtual currencies, due to their characteristics of virtuality, anonymity, and distributed storage, pose challenges to seizure, confiscation, and freezing. In judicial practice, pre-emptive liquidation is often used to solve disposal difficulties, but it may also lead to the alienation of the nature of disposal. The article argues that pre-emptive liquidation of virtual currencies involved in cases should return to the essence of property preservation, with the core goal of maintaining their economic value. Judicial authorities should prioritize technical methods such as "currency transfer" to achieve disposal, and only when effective seizure and freezing are not possible, and there is a significant risk of devaluation of the virtual currency, should pre-emptive liquidation be applied. At the same time, the subject and procedures of disposal should be clarified, and the rights of criminal suspects and other subjects to be informed and to express opinions should be protected. (Justice Network)

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