News Snapshot:
In China, the High Court has ruled that Bitcoin is subject to property rights and is therefore a legally protected asset. China’s High Court rules on Bitcoin Last week, the following message was posted on the court’s WeChat channel: “In the actual trial practice, the People’s Court has formed a unified opinion on the legal position of bitcoin, and identified it as a virtual property”. For this reason, the Shanghai District Court ruled in favour of a Bitcoin holder, namely Cheng Mou, who had sued defendant Shi Moumou, to whom he had lent 1 Bitcoin and who denied him the...
