Recently, the Shanghai High People's Court issued an important notice aimed at unifying the handling standards for criminal cases involving Virtual Money across the city's courts. This move marks a significant shift in the status of Virtual Money within China's judicial system.

Among them, the Baoshan District Court took the lead in practice and successfully disposed of over 90,000 FIL coins. This disposal adopted an innovative model of "domestic entrustment, overseas disposal, and closed-loop return," which not only ensured compliance but also achieved effective recovery of asset value. This approach is undoubtedly a groundbreaking attempt in the judicial handling of virtual money.

The introduction of this new regulation means that virtual money is gradually moving from a gray area to standardized management within our country's legal system. It is no longer simply regarded as "air," but is recognized as an asset with actual value. This transition may signify a trend towards the future legalization of virtual money in more fields.

As a frontier of financial innovation in China, Shanghai's initiative to introduce relevant regulations may hint at a subtle shift in the national stance towards Virtual Money. This could pave the way for the compliance and assetization of Virtual Money, creating conditions for its legal circulation in a broader range of scenarios.

However, we should also note that global regulation of Virtual Money is still continuously strengthening. Shanghai's move may be exploring how to achieve reasonable use of Virtual Money under strict regulation.

The occurrence of this event coincides with a sensitive period in the Virtual Money market, which may have a certain impact on market sentiment. Investors should closely monitor subsequent policy trends, view market changes rationally, and make cautious decisions.

Overall, this new regulation from the Shanghai court may become an important milestone in the compliance process of Virtual Money. It not only reflects the judicial system's positive adaptation to emerging asset forms but also provides beneficial exploration for the future legalization and standardization of Virtual Money.