Chinese Court States Bitcoin is “Property of Economic Value”26.22

A Chinese arbitration court declared crypto-assets such as Bitcoin must be treated as legal property, despite an infamous blanket ban on cryptocurrencies in the country.

As reported by a local news outlet, the Shenzhen Court of International Arbitration ruled cryptocurrencies must be legally protected as a property with “economic values.” The ruling came after a recent business conflict over the possession and transfer of crypto-assets surfaced in the region.

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