Bitcoin was just recognized as a legal ‘virtual property’ in China. At the hearing of the first property infringement case in China’s Hangzhou Internet Court, Bitcoin was recognized as “virtual property.” According to the court’s order, Bitcoin holds the attributes as property – valuable, scarce and disposable. We should recognize it as a virtual property.
Uzbekistan is one of the leading countries with cheapest electricity in asia planning to become a hub for bitcoin mining. The country has taken the route to legal bitcoin and other cryptocurrencies as it presents a presidential decree to regulate the electronic money by September. One of leading countries with cheapest electricity in central asia