Basic case

In mid-April this year, the team received a consultation from the client, Qi Moumou, who said that because of selling USDT on a certain platform, a bank card was frozen by the public security organs in four places, and the frozen amount was more than 5 million. We researched and judged his situation and found that the withdrawal and deposit are still normal. We suggest that he prepare the relevant materials to deal with it by himself. Under our suggestion, Qi XX successfully thaw the public security in the three places, and the thaw work was stuck. In a province and city in central China, because the frozen amount was large and involved digital currency transactions, the freezing of local public security personnel from some policy documents mistakenly believed that the digital currency transaction itself was illegal. Therefore, the real transaction of the card is not recognized, and the card is considered to be suspected of a crime. Although the parties themselves have repeatedly communicated and explained with the public security organs that carried out the freezing actions, they lacked professional legal knowledge and knowledge in the industry. Defrost it.

解卡案例:卖币被冻500多万,团队律师一个月成功解卡

Because of the large amount of frozen bank cards, long-term frozen bank cards have brought a lot of inconvenience to the daily life and work of the parties concerned. The client also found our team of lawyers and entrusted our team with full authority to deal with the card solution, hoping to solve the problem as soon as possible.

Case handling

After accepting the entrustment, considering that the bank card has a large amount of funds, and every day of delay will affect the life of the party concerned. So our team immediately set up a special thaw group. After preparing very detailed evidence materials, we immediately wrote a complaint opinion and a legal opinion, and contacted the freezing public security several times to demonstrate the legality of digital currency transactions. However, the public security organs in the frozen places still do not approve the relevant materials submitted by us.

解卡案例:卖币被冻500多万,团队律师一个月成功解卡

Therefore, considering that paper materials are sometimes difficult to express in detail, we immediately arranged a team of lawyers to the public security bureau where the bank card was frozen, and submitted the materials to the undertaking police officer in person and conducted in-depth communication, mainly explaining our country’s digital currency. Relevant policies explain that digital currency transactions are not illegal and belong to citizens’ normal buying and selling transactions. Through repeated communication and argumentation, the police officer in charge of the local public security agency recognized our professional interpretation of legal knowledge related to digital currency.

解卡案例:卖币被冻500多万,团队律师一个月成功解卡

However, because this freezing case is the first bank card freezing case involving digital currency transactions in the local jurisdiction and the funds are relatively large, the relevant leaders of the local public security department are very cautious about unlocking the card. In this case, it has increased invisibly. The difficulty of communication with our team’s lawyers, but we did not back down because of this. Instead, we took the initiative to explain the nature and mode of digital currency transactions, as well as policies and regulations related to digital currency, to our superiors, and finally convinced the relevant leaders of the local public security organs. Successfully unfreeze the client’s bank card.

解卡案例:卖币被冻500多万,团队律师一个月成功解卡

Write at the end

Encrypted digital currency trading is still a relatively niche trading behavior, and its own legal attributes and regulatory research are still difficult issues in academic research. We believe that encrypted digital currency, as a virtual asset with market value, should allow citizens to legally hold and trade properly unless the law clearly stipulates it.

解卡案例:卖币被冻500多万,团队律师一个月成功解卡

However, due to the extreme volatility of the current market price of digital currencies, we recommend that people who don’t know much about them do not invest in this field. More importantly, the current digital currency trading market is a mixed bag. Based on its anonymity and other characteristics, this field is involved. Money laundering, fraud and other crimes are mostly crimes. For example, the general public may be at risk of being guilty of getting involved. Therefore, we recommend that people who do not understand encrypted digital currencies carefully consider their own trading and investment behavior.