Shanghai publishes the country's first case of virtual currency crime and formulates disposal regulations

According to BlockBeats, on August 30, the Xuhui District Procuratorate of Shanghai released the country's first case involving virtual currency and co-signed the "Standardized Guidelines for the Disposal of Virtual Currency in Criminal Proceedings."

According to Song Shanshan, head of the Internet prosecution team of the Xuhui District Procuratorate, in the past three years, the number of criminal cases involving virtual currency has increased overall, with a clear trend of gang crimes and a high amount of money involved.

For example, the country's first case of illegal acquisition of digital wallet private keys involved three criminals including Liu Moumou, who illegally obtained 27,622 mnemonics and 10,203 digital wallet private keys. They were all sentenced to three years in prison and fined 30,000 yuan.