A high court in China is saying Bitcoin is protected by law and has economic value


Source: businessinsider.in businessinsider.in

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Representative image Pixabay The court said that Bitcoin has economic value, while hearing a dispute between two individuals. The High People’s Court is the highest court in a Chinese province. China has banned all crypto transactions and mining within its borders in 2021. Advertisement A new ruling from the Shanghai High People’s Court in China has given a new spin to the country’s tryst with cryptocurrencies. While China’s ouster of crypto miners within its borders, and various other rulings had more or less banned crypto trading and related activities in the country, the Shanghai ruling might come as a point...