According to Foresight News, Jiang Fan, a representative of the National People's Congress (NPC), suggested amending the relevant provisions of the Criminal Procedure Law of the People's Republic of China in an interview with the Legal Daily to further improve the handling system for virtual currency-related cases. Jiang Fan stated that since virtual currency-related business activities are classified as illegal financial activities, there are currently no specific normative documents for handling virtual currency-related cases in China. The handling subjects, methods, and procedures for virtual currency cases have not been clearly defined.
To address this issue, Jiang Fan proposed amending Article 144 of the Criminal Procedure Law of the People's Republic of China to read: The People's Procuratorate and public security organs may, according to the needs of investigating crimes, inquire about, freeze, and handle the deposits, remittances, bonds, stocks, fund shares, virtual currencies, and other properties of criminal suspects in accordance with regulations. Relevant units and individuals should cooperate.