China: Shanghai Court opinion concerning the legality of personal cryptocurrency ownership
Progress
Current status
under deliberation
18 Nov 2024 under deliberation
Scope
Implementers
China
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
judiciary
Government Body
court
Implementation Level
subnational
Timeline of events
Issued Shanghai Court opinion on the legality of personal cryptocurrency ownership
On 18 November 2024, the Shanghai Court issued an opinion concerning the legality of personal cryptocurrency ownership. The opinion clarified the legal status of virtual currencies such as Bitcoin and Ethereum stating that such currencies are commod…
Event type
civil lawsuit
Action type
opinion
Government branch
judiciary
Government body
court