🚀 #CryptoNews: The Shanghai court has just shared its views on the legality of cryptocurrency in China. While ownership is not prohibited, commercial entities are not allowed to trade or issue tokens. 🤔

- An agricultural company is suing to reclaim 250,000 yuan from an investment company due to a failed "Blockchain Incubation" contract.

- The judge emphasized that cryptocurrency is a virtual commodity, not fiat money.

- Warning: Trading in virtual currency can disrupt the economy and is a tool for illegal activities.

What do you think about the future of crypto in China? Share your thoughts! 💬