面对虚拟货币这一前沿司法难题，上海法院从政策法规和操作路径方面进行充分调研论证，在上级部门 的指导下，联合多单位，探索"全链条合规、多主体协同"的变价处置机制。 具体而言，人民法院将涉案虚拟货币委托给先行试点的第三方机构处置，第三方机构提供履约担保后， 把境外交易环节转委托给具有资质的境外代理商，并在香港证监会认证的持牌虚拟资产交易平台，以不 低于交易日前20日均价的价格完成境外处置环节。完成处置后，在履行国家外汇管理审批手续后，资金 结汇转入人民法院案款专属账户，后续依法没收上缴国库或者发还被害人，成功实现 "境内委托、境外 处置、闭环回流"。 智通财经记者 | 张晓云 据上海高院微信公号消息，近日，上海市高级人民法院对全市法院涉刑事案件中虚拟货币变价处置工作 作出规范指引。 日前，上海市宝山区人民法院（以下简称宝山区人民法院）根据上述指引要求，在上海市高级人民法院 的指导和上海市公安局的协同配合下，采用"境内委托、境外处置、闭环回流"方式，成功对9万余枚FIL 币予以变价处置。 在刑事涉财产执行案件里，加大追赃挽损力度一直是维护受损群众利益的关键途径。然而，虚拟货币因 其匿名性、跨境流通性和技术复杂性等特 ...

Group 1 - The Shanghai procuratorial authorities received a total of 784 financial crime arrest cases involving 1,327 individuals and 1,384 prosecution cases involving 2,671 individuals from 2024 to the first half of 2025, indicating a slight downward trend in both case numbers and involved persons [1] - Financial crime cases are becoming increasingly complex, with trends showing more group operations and interconnected criminal chains, while illegal fundraising cases have decreased significantly, although cases disguised as health care and film investments have become more misleading [1] - There is a notable increase in securities-related crimes, particularly in financial fraud cases, while risks in loans, credit cards, and insurance fraud are becoming more prominent, alongside the rise of illegal foreign exchange cases and the use of virtual currencies in criminal activities [1] Group 2 - Recommendations from the procuratorial authorities include enhancing law enforcement and judicial collaboration, improving administrative and criminal justice mechanisms, and addressing social governance issues through industry self-regulation and judicial cooperation [2] - There is a call for improved financial risk identification, assessment, and prevention mechanisms, utilizing data and information technology to monitor key areas and respond to potential illegal financial activities disguised as financial innovations [2] - The authorities emphasize the need for better governance in financial institutions, including strict oversight of innovative products, management of financial personnel, and the establishment of a gray list for departing employees to minimize opportunities for illegal activities [2] Group 3 - The Shanghai procuratorial authorities have been innovating their approach to financial crime, integrating case handling with risk mitigation, asset recovery, and comprehensive governance, while fostering a specialized and international talent pool [3] - The focus is on a full-chain approach to combating serious financial crimes, enhancing financial crime warning education, and promoting legal awareness among the public [3]