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September 23, 2020
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Bitcoin

“Bitcoin is not legally protected” at the Fujian court in China


Legal branch point seen in China “Because the cryptographic asset Bitcoin is a virtual commodity (commodity), it does not fall under the jurisdiction of local law and does not fall under the subject of protection,” a court in Fujian Province of China decided. I understood it. This decision was made in a lawsuit over an investment scheme called “Bitcoin Club.” In response to the plaintiff’s claim that the investment scheme did not earn the high profit and the investment fund was not repaid, the judge rejected Bitcoin because it belongs to virtual commodities and is not covered by the current law. Made a decision. The decision of the court this time is Bitcoi …

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