China’s Crypto Stance Takes A Hit As Shanghai’s Top Court Upholds Bitcoin As Property

China’s Crypto Stance Takes A Hit As Shanghai’s Top Court Upholds Bitcoin As Property

A top court in Shangai, China’s biggest city and a global financial hub has upheld Bitcoin as property under Chinese laws, pitting the government against its own anti-crypto stance. According to a report published by the Shanghai Baoshan District People’s Court, Thursday, May 5, the court stated that “Bitcoin as a virtual property, has property attributes …

The post China’s Crypto Stance Takes A Hit As Shanghai’s Top Court Upholds Bitcoin As Property appeared first on Coindesk News.

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