Bitcoin is ’virtual property’, says Chinese court

Bitcoin is ’virtual property’, says Chinese court

At a hearing of the first property infringement case in China’s Hangzhou Internet Court, Bitcoin has been recognized as ’virtual property’. China, in the past, has been vocally critical of cryptocurrencies and the verdict comes in stark contrast to the stance of the People’s Bank of China (PBOC).

Simone
Simone
WhatMeWorry?
WhatMeWorry? 6 months

It is quite surprising considering some of the large, factory mines have been shut down. And despite the amount of Chinese ownership of BTC, this news should give the market a bump after the most recent correction.

Ryan M
Ryan M 6 months

Eventually, China will have to be dealt with. That won't be a good decade.

.       .
. . 6 months

It's only because China is main owner of Bitcoin at this point, they figure it's their best chance to control world currency in their favor in the future. #banchina

SimonR
SimonR 6 months

China has massive mining power.

flinx101
flinx101 6 months

kind of surprising

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