Shanghai High Court Declares BTC Virtual Asset With Economic Value Protected by Chinese Law
📣 #Shanghai High Court Declares #BTC Virtual Asset With Economic Value Protected by #ChineseLaw
👉 The Shanghai High People’s Court has declared #Bitcoin to be a #virtualasset protected by Chinese law. The court notes that the #cryptocurrency has economic value.
👉 The court further explained that Bitcoin “has a certain economic value and conforms to the property’s attributes, the legal rules of property rights are applied for protection.”
👉 The decision to protect Bitcoin by law came despite the ban on #cryptocurrencytrading in #China.
👉 The Shanghai High People’s Court has declared that Bitcoin qualifies as a virtual asset protected by Chinese law despite the ban on cryptocurrency trading in China.
#GokuMarket #BlockchainEconomy #LawProtection #Exchange #Ecommerce #CryptoLaw