Although Beijing implemented a widespread ban on cryptocurrencies in 2021, China’s courts have declared that crypto is legal property. Moreover, the courts have established that these assets are therefore protected under property laws and rights.
The declaration was published in a new report from the People’s Court in China. Moreover, the report delved into the legality of digital assets, and how they interact with criminal law. Moreover, it noted the distinction between these assets and property under the current legislative framework.
Source: Watcher Guru