In this crypto news brief, COINOTAG News notes that the Justice Net article “Establishing a Multi-Faceted Judicial Disposal Path for Criminal Virtual Currency Cases” outlines three disposal channels: realization, destruction, and return for criminal assets.
The piece underscores the unsettled legal status of third-party institutions and calls for legislation that authorizes them as judicial auction assistants with exclusive rights for targeted, non-public bidding.
It advocates a dual framework of technical standards and procedural norms, with the Supreme Court and Supreme Procuratorate working with regulators to ensure transparency and compliance.
Procuratorial authorities would supervise the full process, requiring regular progress reports, on-chain tracking, bidding histories, and fund-transfer vouchers, while enabling an information disclosure and objection mechanism for stakeholders.
A differentiated, proportional model would apply the three measures—realization, destruction, and return—to fit cases: prioritize realization for high-value proceeds and tailor outcomes for affected victims or illicit assets.
Source: https://en.coinotag.com/breakingnews/chinas-supreme-procuratorate-proposes-three-part-disposal-framework-for-criminal-virtual-currency-cases-realization-destruction-and-return
