The Ministry of Justice officially launched the “Prosecution Asset Seizure Virtual Asset Management Platform” on April 15, emphasizing that virtual assets are not beyond the law. The technological advancement of the Ministry of Justice serves as the backbone of law enforcement and ensures that the scales of justice are not tilted due to technological disparities.
Contents:
Toggle
Prosecution Asset Seizure Virtual Asset Management Platform
Over NT$400 million seized within two days of launch
Prosecution Asset Seizure Virtual Asset Management Platform
According to the Ministry of Justice’s announcement, virtual assets have gradually become a tool for criminals to evade pursuit due to their anonymity and convenience. Law enforcement agencies need to enhance their technological capabilities to counteract crime. Therefore, the Ministry of Justice commissioned the Taiwan High Prosecutors Office to establish the “Prosecution Asset Seizure Virtual Asset Management Platform.” It officially launched on April 15. In the future, virtual assets seized from defendants or criminal suspects can be properly stored in a secure system, awaiting confiscation or return to victims after a final judgment, effectively depriving the defendants of their ill-gotten gains.
Advertisement – Continue scrolling for more content
The Ministry of Justice stated that planning for the seizure platform began in August 2022. After multiple meetings, it was decided to commission the Taiwan High Prosecutors Office to establish the management platform. After its completion, representatives from prosecution agencies were convened to discuss unified processes and negotiate operational details with judicial police agencies. In addition, seven training sessions were conducted for prosecution agencies, with a total of 155 participants, to ensure the stability and security of the system after its launch.
Over NT$400 million seized within two days of launch
According to reports, since the launch of the platform on the 15th, a total of NT$450 million in illicit virtual assets has been seized. On the morning of the 15th, the New Taipei District Prosecutors Office seized 6.79 million Tether (USDT), equivalent to approximately NT$203 million. The Taichung District Prosecutors Office successfully seized a total of 123 bitcoins and 8 ethers on the afternoon of the 16th, with a total market value of over NT$250 million. The two district prosecutors’ offices seized a total of approximately NT$450 million.
BTC
USDT
Cryptocurrency
Prosecution Asset Seizure Virtual Asset Management Platform
Virtual currency
Related reading
BitMEX’s first “Introduction to Quantitative Trading Workshop” concludes! In-depth analysis of parameter design and strategy evaluation
In the 2024 Trump vs. Biden poll, does the Republican Party remain “crypto-friendly” under Trump’s administration?