Guizhou Duyun City in China is exploring methods for storing involved virtual money, which will be frozen and confiscated to a cold wallet for physical isolation.

After China strictly banned virtual money transactions in 2021, the storage and handling of involved virtual money became a thorny issue for public security across the country. Recently, a reporter from China News Service joined the Ministry of Public Security's "Guardians Under the Sun" law enforcement public security theme publicity activity media interview group to visit the case property co-management center in Duyun City, Qiannan Buyi and Miao Autonomous Prefecture, Guizhou Province, to learn about the local public security practices in storing involved virtual money. During the case handling process, public security organs found that some criminal suspects exchanged their illegal proceeds for virtual money. The Duyun public security froze the involved virtual money during the sealing process and seized it into a cold wallet set up by the public security organs for physical isolation, storing it at the case property co-management center in Duyun City, awaiting a court ruling. The exploration of Duyun public security has provided a "solution approach" for the storage of involved virtual money, and localities are still seeking better solutions. It is reported that Duyun public security is closely monitoring issues such as the difficulty in storing, transferring, and disposing of involved property, actively exploring reforms in the management of involved property, and promoting the construction of a cross-department case property co-management center. Since its establishment and operation in November 2022, the center has received 24,753 involved items, more than 20.4955 million yuan in involved funds, and centrally managed more than 7,000 case files of various types.