China Urged to Establish Unified Crypto Regulations for Seized Digital Assets

A law professor at the East China University of Political Science andLaw has highlighted the urgent need for China to standardizeprocedures for recovering illicit digital assets due to a rise incryptocurrency-related crimes. He stressed the lack of uniform

standards complicates asset recovery and urged for comprehensiveguidelines and international cooperation to manage digital currencieseffectively. " Although the law enforcement have tried a variety ofdisposal methods, due to the lack of unified standards, theimplementation varies greatly from place to place," he opinedadding:"A large amount of virtual currencies has been sealed off and can not be converted into liquid funds, affecting the normal 

operation of economic activities.