China is being urged to establish unified regulations for the recovery of seized digital assets, as the country witnesses a rise in cryptocurrency-related crimes. A law professor at the East China University of Political Science and Law highlighted the lack of standardized procedures, which complicates asset recovery efforts. The professor stressed the need for comprehensive guidelines and international cooperation to effectively manage digital currencies. With the growing number of criminal cases involving cryptocurrencies, the professor emphasized the urgency in legalizing the disposal of virtual currency and called for closer collaboration with international regulators.
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China Urged to Establish Unified Crypto Regulations for Seized Digital Assets
