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Chinese Court Confirms Crypto is Property

Chinese Court Confirms Crypto is Property – Cryptovest

Chinese arbitrary court has ruled that Bitcoin’s legal status as a non-currency does not mean it is not a property. Chinese citizens and merchants are legally allowed to own and transfer cryptocurrency. The Shenzhen Court of International Arbitration (SCIA) has affirmed that digital assets, specifically Bitcoin and several of its hard forks, are considered legal property by the current laws of the People’s Republic of China.








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