The Shanghai court stated that personal ownership of cryptocurrency does not violate Chinese law, although commercial activities in this area remain prohibited. Judge Sun Jie noted that cryptocurrency can be considered property, but its use in business may disrupt financial order. Beijing continues its strict measures against cryptocurrency operations, despite growing interest in this asset, particularly amid record-high Bitcoin prices.
11/22/2024 1:53:45 PM (GMT+1)
The Shanghai court stated that personal ownership of cryptocurrency does not violate Chinese law but prohibits commercial activities with crypto-assets 📉
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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