The Supreme People's Court studied the disposal of virtual currencies involved in the case, and experts suggested that Hong Kong should be introduced to carry out relevant business

Gate.io News bot, the Supreme People’s Court’s 2024 annual judicial research major topic “Research on the Disposal of Virtual Currencies Involved in Cases” was held recently. Yang Dong, Dean of the Law School of Chinese University, pointed out at the meeting that Hong Kong has policy advantages in the development of virtual currency transactions, and suggested that the virtual currency disposal business should be introduced to Hong Kong to achieve a reasonable flow of funds between Hong Kong and the Mainland, and promote the development of Hong Kong’s blockchain industry.

Zhao Binghao, Dean of the Institute of Financial Technology Rule of Law of China University of Political Science and Law, emphasized at the meeting that in the context of global digital financial competition, China should build a regulatory policy framework for virtual currency and promote the internationalization of RMB.

Chu Zhongqun, chief executive officer of Hong Kong Financial Exchange and Services Limited, proposed that mainland investors be allowed to buy virtual currency in Hong Kong through specific channels under strict control conditions, while using the free trade zone policy to explore cooperation with the People’s Bank of China.