A recent ruling by the Shanghai Songjiang People’s Court has clarified that owning cryptocurrencies is not illegal in China. The Nov. 18 judgment established that digital assets have “property attributes” under Chinese law. However, their use is strictly limited to personal ownership and as...

Com a Bitcoin a atingir recordes, o tribunal de Xangai declarou legal a posse de criptomoedas

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With Bitcoin hitting records, the Shanghai court declared cryptocurrency possession legal

In an opinion on a recent lawsuit, a Shanghai judge wrote that cryptocurrencies have property attributes and, therefore, their possession is legal. A Shanghai court issued an opinion in which...

Num parecer sobre um processo recente, um juiz de Xangai escreveu que as criptomoedas têm atributos de propriedade e, portanto, a sua posse é legal. Um tribunal de Xangai divulgou um parecer no qual...

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CryptoPanic

Crypto clarified as personal property in China, remains barred for businesses

China's High Court rules cryptocurrencies as commodities with limited legal use but reaffirms strict bans on token fundraising and business transactions.

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Chinese Court Declares Bitcoin and Crypto Ownership Legal

A Shanghai court has declared that owning cryptocurrency is legal under Chinese law, coinciding with a rise in bitcoin prices. A judge in Shanghai stated in a ruling on a recent legal case that cryptocurrencies possess the characteristics of property, thereby making their possession lawful. Beijing views cryptocurrencies as a risk to financial stability, and any business dealings involving these assets are still prohibited on the mainland, casti…

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Shanghai Court Affirms Cryptocurrency Ownership Rights Amid Regulatory Confusion and Market Volatility

A recent ruling by the Shanghai Songjiang People’s Court has clarified that owning cryptocurrencies is not illegal in China. The Nov. 18 judgment established that digital assets have “property attributes” under Chinese law. However, their use is strictly limited to personal ownership and as commodities, not as legal tender or investment tools. Judge Sun Jie delivered this clarification while handling a case involving two companies disputing an i…

CryptoSlate

Cryptocurrency clarified to be personal property in China, remains barred for businesses

The case started back in 2017 between an agricultural development company and an investment management company about issuing their own token has taken a new turn. The People’s Court of Songjiang District in Shanghai and Judge Sun Jie recognized the activities of both companies as illegal but granted the claim of the agricultural development company [...]

Bitcoin Insider

Shanghai Judge Sun Jie Recognized Cryptocurrency as a Commodity, Legal to Own

A recent ruling by the Shanghai Songjiang People’s Court has clarified that owning cryptocurrencies is not illegal in China. The Nov. 18 judgment established that digital assets have “property attributes” under Chinese law. However, their use is strictly limited to personal ownership and as commodities, not as legal tender or investment tools. Judge Sun Jie…

The post Shanghai Court Declares Cryptocurrency Legal Property in China appeared first on Coinpedia Fintech News
Judge Sun Jie of the People’s Court of Songjiang District in Shanghai clarified that cryptocurrency is considered a legal commodity with property rights in China. This opinion came from a...

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Shanghai Court Declares Cryptocurrency Legal Property in China

Key Highlights: 
Bitcoin and cryptocurrencies are now officially recognized as commodities under Chinese law. Strict bans remain on token fundraising, business transactions, and public crypto issuance.  Paradisers! Can you really “own” Bitcoin in China without breaking the law? The answer is yes, kind of. In a groundbreaking decision, China’s High Court has ruled that cryptocurrencies like Bitcoin are legal property with “commodity” status. But …

MyCryptoParadise

China’s High Court Recognizes Bitcoin as Legal Property, But Don’t Get Too Excited

The post Shanghai Court Declares Cryptocurrency Legal Property in China appeared first on Coinpedia Fintech News Judge Sun Jie of the People’s Court of Songjiang District in Shanghai clarified that cryptocurrency is considered a legal commodity with property rights in China. This opinion came from a 2017 business dispute, where a company failed to issue a token as promised, leading to a partial refund. Judge Sun confirmed that individuals can le…

Crypto clarified as personal property in China, remains barred for businesses

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