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September 21, 2020
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Bitcoin

“Bitcoin is a digital property protected by law” New case precedent in Shanghai, China


“Bitcoin is a property protected by law” In China, a verdict was found recognizing virtual currency Bitcoin as “a property protected by law”. Similar rulings have been made in Ethereum, with Chinese justice continuing to accept virtual currency as a property, continuing from last year. The origin of the trial this time was around the Bitcoin robbery case. In 2018, a quartet of robbers invaded an apartment of a couple living in Shanghai. Violence and intimidation robbed the two of their own 18.88 bitcoins and 6466 Skycoins and transferred them to the criminal’s account. The court, this crime group …

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