CoinVoice has recently learned that Sun Guanjun, the president of Taiping People's Court and a fourth-level senior judge, and Wei Yuzheng, a bailiff of the Judicial Police Brigade, co-authored (The Validity of Virtual Currency Transactions). The article points out that the relevant legal and regulatory system should be improved as soon as possible regarding the validity of virtual currency transactions.

On the one hand, it is necessary to solve historical problems as soon as possible and provide corresponding solutions for how to deal with virtual currency transactions conducted before the release of the (Announcement on Preventing Risks of Token Issuance and Financing) by the People's Bank of China, the Cyberspace Administration of China, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the China Insurance Regulatory Commission.

On the other hand, in order to solve the problem of virtual currency being seized and confiscated but unable to be disposed of in judicial practice, a feasible plan is introduced to protect the interests of the parties to the greatest extent. [Original link]