A Shanghai court has taken an important step for the cryptocurrency sector by recognizing digital assets, including Bitcoin, as a legal form of property. This decision does not mean the legalization of cryptocurrency trading in China, where strict regulatory control and a ban on mining and crypto trading were previously introduced. However, this precedent ensures that cryptocurrencies can be protected by law in matters of ownership. For example, it allows you to go to court in case of fraud or theft of digital assets.
This decision could be an important signal for the global crypto community, given China's influence on financial markets. However, experts stress that China's existing policy is still tough on public cryptocurrencies, focusing on the development of the central bank's own digital currency, the digital yuan.
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