Cryptocurrency

21/07/19 07:00 UTC-4

Bitcoin is recognized as virtual property in China

Bitcoin as Virtual Property
Bitcoin as Virtual Property

In China, Bitcoin is called "virtual property". This does not mean that tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
activity becomes easier, asset ownership protection has appeared. The first court hearing of a Bitcoin ownership violation was held in Hangzhou.

Interesting in the section: Сryptocurrencies and democracy

 

Bitcoin is "virtual property"

A Hangzhou court confirmed Bitcoin’s status as "virtual property."

The ruling confirms that Bitcoin is currently in legal possession in China, and now all coin owners will be protected from disputes over rights.

The court of China approved the rights to Bitcoin cryptocurrency. Recall, the Minister of Communications and Information Technologies of Iran believes that super-cheap electricity makes the Chinese enter the country to mine cryptocurrency.

Editor: Alyona Nabok

See also: "Launch of the first friendly Zcash fork – Ycash"

#bitcoin #cryptocurrency #China #court

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