learningaboutcrypto.com

learningaboutcrypto.com

November 19, 2024

Shanghai court recognizes crypto as property but bans business activities

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The Shanghai High Court has ruled that cryptocurrencies possess “property attributes” under Chinese law, affirming their value as virtual commodities. However, the court upheld China’s strict prohibition on using crypto for commercial activities such as token issuance and speculative trading,…

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