CocoTrade Enterprise

China’s controversial cryptocurrency landscape has taken a new twist after the Shanghai High People’s Court ruled that Bitcoin has a ‘certain economic value’ and is a virtual asset protected by the country’s laws.

The court’s decision is the first ruling on Bitcoin by the country’s legal system. Notably, China’s high people’s court ranks as the highest local court within provinces. However, it is unclear if other higher courts can adopt a similar stand on Bitcoin. Read more…https://finbold.com/chinese-high-court-rules-bitcoin-has-economic-value-and-is-legally-protected/

Chinese high court rules Bitcoin has economic value and is legally protected The Shanghai High People's Court ruled that Bitcoin has a ‘certain economic value' and is a virtual asset protected by the country's laws.

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