The Chinese Court Has Recognized that The Law Does not Prohibit The Possession of Bitcoin

China Panda Space

According to the @cnLedger, Chinese news outlet, the Shenzhen Court of International Arbitration published a ruling on a dispute involving a business contract with crypto transactions.

Details of the case showed that Chinese residents have the right to send and receive BTC. Since the first cryptocurrency has economic value and property properties, the state should protect such rights.

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