Shanghai High People's Court declares bitcoin a virtual property
... and conforms to the property's attributes and should therefore be treated as property for legal purposes. The statement was made in relation to a case involving a dispute between two individuals regarding the use of Bitcoin . In October of last year, Cheng Mou filed a lawsuit with the Shanghai Baoshan District People's Court, demanding that an individual named Shi Moumou return his 1 BTC. The Court ruling could be significant for ongoing and future civil disputes relating to cryptocurrencies in China. ...
Updated: 05/12/2022
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