Wu Says learned that a theoretical article in the People’s Procuratorate Daily pointed out that China’s crackdown on crimes of money laundering using virtual currencies still faces issues such as criminal act characterization, evidence collection, and recovering and mitigating seized proceeds. It also suggested establishing adaptable standards for verifying and reviewing electronic evidence, building a tiered proof standard and rules for reasonable presumptions, and exploring the authorization and standardized application of technical investigative measures. At the same time, it called for issuing national-level procedures for disposing of assets involved in cases involving virtual currencies, unifying operational standards for seizure, custody, valuation, and liquidation, building a national-level custody and disposal platform for virtual currencies involved in cases, and handling disposal through compliant channels such as targeted auctions or agreement-based transfers.

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NotYourExit
· 47m ago
If the inferred rules are applied incorrectly, it can easily turn into a presumption of guilt—so you need to closely watch the legislative details.
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Lightning-FastComposure
· 07-13 03:41
How exactly does a targeted auction work? Will KYC and source-of-funds checks choke liquidity
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0XsundayCook
· 07-13 02:38
Who is the agreement being transferred to—whitelisted institutions or licensed exchanges? The difference is huge.
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KiteAndBlock
· 07-13 02:22
The hardest part of recovering stolen funds and making restitution is that the coins were mixed, bridged to other chains, and already ran off; even if the platform is set up, they can’t be retrieved.
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MemeSourdough
· 07-13 02:19
The authorization boundaries for technical investigative measures must be made clear, otherwise it’s just a “pocket crime.”
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InvisibleMarketMaker
· 07-13 02:19
The standards for verifying electronic evidence should have been unified long ago—now, in every case, the conclusions from forensic evaluations can end up fighting with each other.
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QuantumLittleTomato
· 07-13 02:19
Finally seeing the mention of a national-level custody platform—this is far better than local efforts going in their own directions.
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