“Chinese Procurator”: Virtual currency belongs to “property” in criminal law and should be protected

It is reported that the official official account of the “China Procurator” said that as a special virtual property, virtual currency conforms to the characteristics of “property” and should be evaluated as the object of property crime in the criminal law. The state has adopted stricter control policies for virtual currency related business activities, denying the “currency” attribute of virtual currency, but never denying the “property” attribute of virtual currency. The criteria for determining and determining the effectiveness of civil legal acts have no theoretical relevance to the criteria for determining and protecting “property” in criminal law. Whether a virtual currency contract is effective or not cannot be used as a basis for denying the “property” attribute of virtual currency in criminal law. Affirming the “property” attribute of virtual currency in the criminal field does not violate the unity of legal order.

Interpretation of this information:

The official account of “China Procurator” has stated that virtual currency can be evaluated as the object of property crime in criminal law due to its characteristics of being a special virtual property. While the state has stringent control policies for virtual currency related business activities, it does not deny the “property” attribute of virtual currency. The criteria for determining the effectiveness of civil legal acts have no relevance to determining the “property” attribute of virtual currency in criminal law. Therefore, the validity of a virtual currency contract cannot be used as a basis for denying its “property” attribute in criminal law. Acknowledging the “property” attribute of virtual currency does not contradict the unity of legal order.

The message is emphasizing the legal recognition of virtual currency as a type of property that can be subject to criminal law. The use of stricter control policies for virtual currency business activities reflects the recognition that virtual currency possesses virtual properties. Despite the criteria for determining the effectiveness of civil legal acts having no relevance to criminal law, it is essential to recognize the “property” of virtual currencies in criminal law. Virtual currency contracts’ validity cannot serve as a basis for denying their “property” nature in criminal law.

In conclusion, the three keywords from this message are “virtual property,” “property crime,” and “legal recognition.” This message stresses the importance of acknowledging the legal status of virtual currencies and their “property” attributes, ensuring that they are subject to appropriate legal action in the case of criminal activity. Therefore, it reminds virtual currency users and businesses to ensure that they are adhering to the rules and guidelines set in place by the law.