Bitcoin Is ‘Virtual Property’ Says Second China Court39.6

China has officially recognized Bitcoin as a valid phenomenon for a second time after a court determined it is “virtual property.”

As reported by Caijing quoting the China Securities Journal, a national newsletter published by the Xinhua News Agency, a court in Hangzhou made the judgement during an ongoing dispute between a cryptocurrency exchange and one of its users.

Original source
https://bitcoinist.com/bitcoin-is-virtual-property-says-second-china-court/

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