Shanghai Court Legalizes Cryptocurrency Ownership

🔍 The Songjiang People's Court in Shanghai has just issued an important ruling regarding cryptocurrency. According to the South China Morning Post, Judge Sun Jie affirmed that individual ownership of cryptocurrency does not violate Chinese law. Cryptocurrency is considered property, opening up opportunities for a more open policy in the future.

📈 Despite being deemed illegal, China still accounts for over 50% of Bitcoin mining power. The price of Bitcoin has surpassed $98,300 in Beijing, with expectations of reaching $100,000 soon. The CEO of deVere Group predicts that Bitcoin could reach $120,000 by the first quarter of 2025.