CoinVoice has recently learned that experts Lu Jianping and Liu Jia from the Law School of Beijing Normal University stated in their published research article that China's current prohibition policy not only fails to adequately address the inherent risks of Virtual Money but also exacerbates the underground and cross-border trends of Virtual Money trading, resulting in a unique residual risk situation.

Two experts suggest accelerating the formulation of the "Digital Property Law" to classify Virtual Money as a non-financial commodity, and to include it in the management of individual overseas investment behaviors through scenario-based multiple regulations. At the same time, it is recommended to improve the relevant provisions of the "Anti-Money Laundering Law" to include virtual asset service providers within the scope of specific non-financial institutions, strengthen the regulation of decentralized finance (DeFi) transactions and peer-to-peer (P2P) transactions, and establish a sound mechanism for the recovery and disposal of related assets. [Original link]