Chinese court upholds legality of Bitcoin ownership, BTC protected by China’s property laws282

A court in Hangzhou, China, upheld Bitcoin’s status as “virtual property.” The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country’s legal system in disputes.

The first case of Bitcoin property infringement was resolved in the Hangzhou Digital Court, as first reported by The Beijing News. The local court confirmed that the Chinese legal system recognizes Bitcoin as “virtual property” with legal protections.

Original source
https://cryptoslate.com/chinese-court-upholds-legal-bitcoin-ownership-btc-protected-china-property-law/

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