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<ul class="news-points"> 
 <li>A Chinese court report says cryptocurrencies qualify as property and are legal.</li> 
 <li>The report mirrors the contrasting stance of Chinese governments and the courts.</li> 
 <li>China’s Bitcoin Mining share is second in the world despite the ban on cryptocurrencies.</li> 
</ul> 
A Chinese court report says <a href="https://coinedition.com/tag/cryptocurrency-101/">cryptocurrencies</a> are considered legal property under the current legal framework and are protected by the law, according to a <a href="https://www.odaily.news/newsflash/334415" target="_blank" rel="nofollow">report</a> from a local news outlet. The recent report highlights, once again, the differing stance of the Chinese government and the courts on cryptocurrencies. 
The report titled “Identification of Property Attributes of Virtual Currency and Disposal of Property Involved in Cases” analyzed the criminal law attributes of cryptocurrencies. The report stated that the economic attributes of cryptocurrencies qualify them as legal property. 
Based on the nature of cryptocurrencies, the report recommends that cases on virtual assets should be treated under a unified heading of criminal and civil cases. This, the report said, is important to achieve a balanced protection of personal property rights and s…
The post <a rel="nofollow" href="https://coinedition.com/chinese-court-says-cryptocurrencies-are-property-and-legal-report/">Chinese Court Says Cryptocurrencies Are Property and Legal: Report</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Chinese Court Says Cryptocurrencies Are Property and Legal: Report

Coin Edition

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