Ministry of Justice Launches Virtual Asset Seizure Platform: Over 400 Million TWD in BTC and USDT Seized in Two Days
The Ministry of Justice officially launched the “Prosecutorial Seizure Virtual Asset Management Platform” on April 15th, emphasizing that virtual assets are not a lawless territory. The technologically advanced Ministry of Justice serves as a strong support for law enforcement, ensuring that the scales of justice do not tilt due to any technological disparities.
Table of Contents
Toggle
Prosecutorial Seizure Virtual Asset Management Platform
Over NT$400 million seized within two days of launch
Prosecutorial Seizure Virtual Asset Management Platform
According to the Ministry of Justice’s announcement, due to the anonymity and convenience of virtual assets, they have gradually become tools for criminals to evade pursuit. Law enforcement agencies need to enhance their technological capabilities to counter crime.
Therefore, the Ministry of Justice commissioned the Taiwan High Prosecutors Office to establish the “Prosecutorial Seizure Virtual Asset Management Platform.” It officially went live on April 15th. In the future, virtual assets seized from defendants or suspects can be properly stored in a secure system, awaiting confiscation or return to victims after a definitive judgment, effectively depriving the defendants of their ill-gotten gains.
Advertisement – Continue reading below
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 build the management platform.
After its completion, representatives from the prosecutorial agencies were convened to discuss unified processes and negotiate operational details with judicial police agencies. In addition, seven training sessions were conducted for the prosecutorial agencies, with a total of 155 participants, in order 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 seizure platform on the 15th, a total of NT$450 million in illegal virtual assets has been confiscated.
On 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 123 bitcoins and 8 ethers on the 16th afternoon, with a total value of over NT$250 million. The two district prosecutors’ offices seized a combined total of approximately NT$450 million.
BTC
USDT
Cryptocurrency
Prosecutorial Seizure Virtual Asset Management Platform
Virtual currency
Related Reading
The first “Quantitative Trading Workshop” by BitMEX ends! In-depth analysis of parameter design and strategy evaluation
Trump leading in 2024 polls, reflecting on the “crypto-friendly” policies under the Republican Trump administration
