Shanghai Baoshan Court successfully handled more than 90,000 FIL tokens involved in the case

The Shanghai High Court issued a document stating that the Baoshan District People's Court successfully disposes more than 90,000 FIL coins in accordance with the requirements of the work guidelines for the price change of virtual currency in criminal cases. The specific procedures include: the people's court entrusts the virtual currency involved in the case to a pilot-based third-party agency; after the third-party agency provides performance guarantees, it will transfer the overseas transaction process to a qualified overseas agent, and assist in completing the overseas disposal process on a licensed virtual asset trading platform certified by the Hong Kong Securities Regulatory Commission at a price not less than the average price 20 days before the transaction date; after completing the national foreign exchange management approval procedures, the foreign exchange settlement will be transferred to the exclusive account of the case funds of the People's Court, and will be confiscated and handed over to the state treasury or returned to the victim in accordance with the law.