China: Issued Shanghai Court opinion on the legality of personal cryptocurrency ownership
Description
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…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
subnational
Government Branch
judiciary
Government Body
court