#bitcoin gains legal recognition as a digital currency in #Shanghai , China
_The Shanghai Second Intermediate People's Court in China has reportedly recognized #bitcoin as a unique and #non-duplicable digital asset, recognizing its scarcity and inherent value. The Chinese court issued a report on September 25 discussing the development of Internet technologies. The report noted that as Internet technology develops, digital currencies, such as Bitcoin, emerge as unique and non-replicable. The report also noted that among a sea of virtual currencies, Bitcoin is unique and different from other digital assets. In addition, the report highlighted some of Bitcoin's unique characteristics, including its relative scarcity and ownership attributes. The report also noted that Bitcoin inherits key #currency features, such as scalability, ease of trading, storage, and payment.
$BTC
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