In an opinion on a recent lawsuit, a Shanghai judge wrote that cryptocurrencies have the attributes of property and thus holding it is legal.

South China Morning Post

Hong Kong

Shanghai court says crypto ownership legal in China amid bitcoin price surge

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Bitcoin and crypto ownership in China have been debated and have raised policy questions for years. But a recent Shanghai court ruling clarified that it’s perfectly legal for citizens to hold, buy, and sell Bitcoin or other cryptocurrencies. Judge Sun Jie of the Shangai Songjiang People’s Court explained in an article via WeChat that it’s... The post Chinese Court Declares Personal Crypto Ownership Legal In Mainland China appeared first on Daily…

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Chinese Court Declares Personal Crypto Ownership Legal In Mainland China

Bitcoin and crypto ownership in China have been debated and have raised policy questions for years. But a recent Shanghai court ruling clarified that it’s perfectly legal for citizens to hold, buy, and sell Bitcoin or other cryptocurrencies. Related Reading: XRP Gains Momentum: Whale Activity Points...

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Bitcoin and crypto ownership in China have been debated and have raised policy questions for years. But a recent Shanghai court ruling clarified that it’s perfectly legal for citizens to hold, buy, and sell Bitcoin or other cryptocurrencies. Judge Sun Jie of the Shangai Songjiang People’s Court explained in an article via WeChat that it’s not illegal for Chinese citizens to hold cryptos, even though the courts have already ruled that business en…

Crypto Breaking News

A Shanghai court has released an opinion stating that the personal ownership of cryptocurrencies is not against Chinese law, offering explicit legal clarity for crypto holders on the mainland amid a record-setting bitcoin price surge. Sun Jie, a judge at the Shanghai Songjiang People’s Court, wrote in an article published on Shanghai High People’s Court’s official WeChat account this week that it is “not illegal for individuals to hold cryptocur…

Shanghai court says crypto ownership legal in China amid bitcoin price surge

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