The official academic journal "Digital Rule of Law" under the Supreme People's Court published an article titled "Revolution in Commercial Law Concerning Digital Transactions, Electronic Currency, and Virtual Property." The article points out that the amendments to the Uniform Commercial Code, jointly revised by the American Law Institute and the American Bar Association, were officially adopted in 2022 and subsequently widely enacted by state legislatures across the United States. These amendments include diverse transaction methods such as electronic forms, clarify the relationship between tangible currency, central bank digital currencies, and other virtual currencies, and establish a new property type called "controllable electronic records," explicitly defining the control and transfer rules for such property. China's civil and commercial regulations should also adapt to the development of digital transactions, electronic currency, and virtual property by implementing practice-oriented legal improvements, thereby stimulating economic and technological development and gaining advantages in international institutional competition.

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