According to Techub News and reported by China Economic Net, the Beijing Municipal Public Security Bureau's Legal Affairs Division has collaborated with the Beijing Property Exchange to establish a mechanism for handling involved virtual money. The main process is that the public security agency entrusts the physical involved virtual money to the Beijing Property Exchange for disposal. The exchange selects professional service institutions to carry out operations such as testing, receiving, and transferring the involved virtual money, and it sells the virtual money publicly through a licensed compliant exchange in Hong Kong, with the exchange settlement transferred to a dedicated account for involved funds under the public security agency. Subsequently, the funds will be legally confiscated and submitted to the national treasury or returned to the victims. According to the process design, the inter-departmental collaboration established in a protocol manner can ensure the orderly completion of the transfer, inquiry, transaction, exchange settlement, and accounting of virtual money.

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