Golden Finance reported that Sun Guanjun, the president of Taiping People's Court and a fourth-level senior judge, and Wei Yuzheng, a judicial police officer of the Judicial Police Brigade, jointly wrote "The Validity of Virtual Currency Transactions". The article pointed out that the relevant legal and regulatory systems should be improved as soon as possible in response to the effectiveness of virtual currency transactions. On the one hand, it is necessary to solve historical problems as soon as possible and give corresponding solutions to how virtual currency transactions conducted before the release of the "Notice on Preventing the Risks of Token Issuance and Financing" issued by the People's Bank of China, the Central Cyberspace Affairs Commission, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the China Insurance Regulatory Commission should be handled; on the other hand, for the problem of sealing and seizing virtual currencies in judicial practice but being unable to dispose of them, a feasible plan should be introduced to protect the interests of the parties to the greatest extent.