Odaily News The People's Court Daily published an article signed by Zhao Liang of the Shenzhen Intermediate People's Court of Guangdong Province, "Disposal of Virtual Currency Involved in Criminal Cases: Challenges, Innovations and Judicial Responsibilities", which pointed out that virtual currency has corresponding property attributes, and a consensus has basically been formed in judicial practice. For those who need to compensate the victim's losses or confiscate them, in order to balance the demand for the disposal of virtual currency involved in the case with the mainland's regulatory policies, it is possible to explore entrusting a qualified third-party institution under the filing and supervision of the People's Bank of China, the Foreign Exchange Administration and other departments to exchange virtual currency for legal currency at market prices through a compliant licensed trading platform in a jurisdiction where virtual currency transactions are legal overseas, such as Hong Kong. After cashing out overseas, refer to the provisions of the State Administration of Foreign Exchange's "Letter on the Opening of Foreign Exchange Accounts and Handling of Foreign Exchange Receipts and Payments by People's Courts in Foreign-Related Judicial Activities". Virtual currencies that are used for crimes and endanger national security and public interests, such as privacy coins, can be sent to "black hole addresses" and destroyed and permanently withdrawn from circulation.