Sun Guanquan, president of the Taiping People's Court and a fourth-level senior judge, and Wei Yuzheng, a bailiff of the Judicial Police Brigade, co-authored "The Effectiveness of Virtual Currency Transactions". The article points out that in response to the effectiveness of virtual currency transactions, relevant laws and regulations should be improved as soon as possible. On the one hand, to solve the historical legacy problem as soon as possible, the People's Bank of China, the Central Cyberspace Administration of China, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the Banking Regulatory Commission, the Securities Supervision Commission, and the Insurance Regulatory Commission issued the "Announcement on Preventing Token Issuance and Financing Risks" How to deal with virtual currency transactions should be given corresponding solutions; on the other hand, for the problem of seizure and seizure of virtual currency in judicial practice but unable to dispose of it, a feasible plan to protect the interests of the parties to the greatest extent will be issued.