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China's court finds cryptocurrency such as BTC (Bitcoin) as property to be legally protected

China's court finds virtual currency such as BTC (bit coin) as property to be legally protected China's court finds virtual currency such as BTC (bit coin) as property to be legally protected - shutterstock 1015416601 696x465

China’s Guangdong Province Shenzhen International Arbitral Tribunal found on the 25th that the cryptocurrency such as BTC (Bitcoin) was recognized as property and that it was judged to be protected by law.

According to the published information, in the trouble involving the cryptocurrency BTC (Bitcoin), BCH (Bitcoin cache), BCD (Bitcoin diamond), since clear laws in Bitcoin are not currently established in China, I applied the civil code of the law and said that the cryptocurrency was judged as property .

Also, I know that BTC (Bitcoin) also acknowledged its economic value .

The court explained that the cryptocurrency is not a statutory currency, but in the current law there was no one prohibiting the delivery of cryptocurrency among individuals.

Last month, a court in Shanghai judged that ETH (Ethicalam) was a property, and gradually the cryptocurrency has been recognized as a profit that should be protected legally.

China’s court judges that it is the property to be legally protected by Etharium (ETH)

Article Source: Shenzhen International Arbitration Agency

China's court finds virtual currency such as BTC (bit coin) as property to be legally protected China's court finds virtual currency such as BTC (bit coin) as property to be legally protected - 9ebde011ec5122677ee9edec0e98b3aa

Rich

Mining and dealing in the market are severe in China, but gradually it has been accepted as property

Author: ぼ に フ ァ 【Coin Desk News】 – Source Post: https://crypto-times.jp/btc-china/

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