Legal Clarity For Bitcoin Holders: Shanghai Court Rules Crypto Ownership Is Permissible

Quick Summary:

In a step toward regulatory clarity for Bitcoin holders in China, a Shanghai court has issued an opinion stating that personal ownership of digital assets is not illegal under Chinese law.

However, there remains no indication that Beijing intends to relax its stringent regulations on the crypto industry, despite calls from experts for a more open market approach.

China has long viewed crypto assets as a potential threat to financial stability, leading to rigorous regulatory measures.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryChina

Topics: Bitcoin News Crypto news China ban Bitcoin China Crypto regulation Bitcoin China Ban Crypto Btc Cryptocurrencies BTCUSDT Digital currency DeFi Bitcoin Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 10:00:54 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 444 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23734822

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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