Implausible Deniability on Nostr: A Shanghai court has officially ruled #Bitcoin & crypto ownership legal under Chinese ...
A Shanghai court has officially ruled #Bitcoin & crypto ownership legal under Chinese law, as reported by the South China Morning Post.
Sun Jie, a judge at the Shanghai Songjiang People’s Court, wrote in an article published on Shanghai High People’s Court’s official WeChat account this week that it is “not illegal for individuals to hold cryptocurrency”, even though Chinese business entities are not allowed to take part in cryptocurrency investments or token issuance “at will”. The comments were part of a case review for a recent lawsuit involving disputes between two companies about an initial coin offering, which is considered illicit financing.
https://www.scmp.com/tech/blockchain/article/3287415/shanghai-court-says-crypto-ownership-legal-under-china-law-amid-bitcoin-price-surge
Sun Jie, a judge at the Shanghai Songjiang People’s Court, wrote in an article published on Shanghai High People’s Court’s official WeChat account this week that it is “not illegal for individuals to hold cryptocurrency”, even though Chinese business entities are not allowed to take part in cryptocurrency investments or token issuance “at will”. The comments were part of a case review for a recent lawsuit involving disputes between two companies about an initial coin offering, which is considered illicit financing.
https://www.scmp.com/tech/blockchain/article/3287415/shanghai-court-says-crypto-ownership-legal-under-china-law-amid-bitcoin-price-surge