Beijing Police and BEE Formalize Virtual Currency Disposal – Coincu

Beijing’s Municipal Public Security Bureau and the Beijing Equity Exchange officially launched a joint mechanism to manage virtual currencies from criminal cases.

This initiative establishes new pathways for disposing digital assets, illustrating a methodical approach towards cross-border challenges.

Beijing Police and BEE Partner for Crypto Disposal

Beijing’s Public Security Bureau Legal System Division has been grappling with the frequent occurrence of virtual currency crimes in recent years. The newly established collaboration with Beijing Equity Exchange (BEE) aims to manage the judicial processes for seized digital currencies. Under this agreement, seized virtual currencies will be physically handled by BEE, which will then utilize professional institutions for their processing. The pivotal shift involves these assets being publicly liquidated via licensed Hong Kong exchanges, with returned proceeds earmarked for the national treasury. The arrangement marks an innovative approach to cross-border asset management without bypassing local controls. While the program indicates strengthened institutional handling of crypto assets, public commentary from industry leaders or policymakers on this mechanism remains absent from social media and formal platforms.

“It appears that there are no publicly available quotes from key stakeholders, experts, or officials regarding the recent updates on the Beijing Public Security and BEE virtual currency asset disposal mechanism as of June 5, 2025.”

“It appears that there are no publicly available quotes from key stakeholders, experts, or officials regarding the recent updates on the Beijing Public Security and BEE virtual currency asset disposal mechanism as of June 5, 2025.”

Crypto Liquidation via Hong Kong: A Strategic Move

Did you know? This collaboration aligns Beijing with global trends, mirroring methods like the US Marshals’ crypto auctions, but distinct for its Hong Kong exchange reliance.

According to CoinMarketCap, Bitcoin (BTC) currently trades at $103,606.29, reflecting a 1.76% dip over the past 24 hours. The market cap stands at 2.06 trillion, while trading volume hit 42.68 billion, down by 5.23%. Despite recent declines, Bitcoin shows robust growth over 60 days.

Insights from Coincu’s research team suggest that this development could lead to a new standard in state-controlled liquidation of digital assets, effectively balancing regulatory transparency with innovative asset management practices.