🇨🇳 China's Cryptocurrency Legality Insight! 🏛️💼 The People's Court of China clarifies cryptocurrency acquisition legality through an official announcement. They note that the legality hinges on circumstances. For instance, if cryptocurrency is obtained by infiltrating computer data, it's seen as illegal data acquisition rather than theft. However, the criteria differ after September 2017. Cryptocurrencies acquired after this point aren't acknowledged as property under the Criminal Law. Thus, the crime of property damage doesn't apply post-September 2017. In contrast, virtual currency obtained before September 2017 is considered property, making it liable for property damage and illegal data acquisition crimes. The context reflects China's evolving stance on cryptocurrency amidst regulatory changes since 2017. 📜🔐 #ChinaCryptocurrencyLaw #LegalInsights #CryptoRegulations