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.
1/ Chinese court confirms Bitcoin protected by law. Shenzhen Court of International Arbitration ruled a case involving cryptos. Inside the verdict: CN law does not forbid owning & transferring bitcoin, which should be protected by law bc its property nature and economic value.
— cnLedger (@cnLedger) October 26, 2018
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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