Can I call the police if my Bitcoin is stolen? Are Bitcoin assets legally recognized?

1. Can I call the police if my Bitcoin is stolen?

- Yes. Although Bitcoin is a virtual currency, it has property value and is protected by Chinese law. For example, in the case reported by Xiamen Evening News, the defendant stole virtual currency and cashed in more than 1.6 million yuan and was prosecuted by the procuratorate for theft. After reporting to the police, the public security organs will investigate according to law. It is possible to track transaction records through technical means, recover the stolen Bitcoin and lock in the suspect. At the same time, it can also provide evidence and clues for judicial procedures and strengthen the crackdown on such crimes.

2. Are Bitcoin assets legally recognized?

- There is controversy in the legal community in my country, but the overall trend is to gradually clarify and protect it. On the one hand, Bitcoin is not a legal currency and does not have currency attributes. my country prohibits engaging in token issuance and financing activities, and virtual currency-related businesses are illegal financial activities. On the other hand, from the perspective of judicial practice, the attributes of Bitcoin as virtual property are recognized. For example, the Shanghai No. 1 Intermediate People's Court determined in relevant cases that Bitcoin belongs to online virtual property and should be protected by law. Moreover, the relevant documents do not deny the property attributes of Bitcoin as a commodity. It is considered to be a specific virtual commodity with the characteristics of value, scarcity, and disposableity. However, there are still legal and economic risks in participating in Bitcoin transactions, which may disrupt the economic and financial order and breed a variety of illegal and criminal activities. Investors should invest rationally.

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