China Court Protects Cryptocurrency as Legal Property: Report

The post China Court Protects Cryptocurrency as Legal Property: Report appeared first on Coinpedia Fintech News

Cryptocurrency has been classified as property in China, according to an opinion article published in the China Court Daily. The article argues that cryptocurrency has economic attributes and that its exchange value exists objectively due to its legal recognition and circulation in the global market. Therefore, it should be protected by law as legal property in China. This is a significant development for the cryptocurrency industry in China, which has faced regulatory uncertainty and restrictions in recent years. With this classification, cryptocurrency investors in China can have more confidence in their legal rights and protections for their assets.