**Crypto's Murky Waters in China: Court Ruling Highlights Legal Ambiguities**

A Shanghai court recently shed light on the complex legal status of cryptocurrency in China. In a case involving a failed crypto issuance agreement between an agricultural firm and an investment company, the court ruled both parties at fault for engaging in illegal activities. The investment firm was ordered to return 250,000 yuan.

Judge Sun Jie clarified that while individuals can hold virtual currency, commercial entities are barred from issuing or trading it. She warned of crypto's potential for economic disruption and criminal use, citing China's stringent regulations since 2017. Despite the crackdown, crypto ownership remains legal.