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China Bitcoin crypto
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Breaking: Bitcoin Legally Recognized in China, Is this Why BTC is Rising?

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.

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.