Chinese Court Recognizes Cryptocurrencies as Legal Property
Main page News, China, Cryptocurrency
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Sept. 4, 2023

A People's Court in China has concluded virtual assets have economic properties and can be classified as legally protected property, ODaily has reported.

These structures in the country consider criminal, civil and administrative cases, as well as economic disputes. It should be noted that they are independent of executive authorities and public organizations.

The authors of the paper have analyzed aspects of criminal law in relation to digital assets.

Experts have proposed measures to combat crimes in the field of cryptocurrencies. These have highlighted the need to unify criminal and civil law due to the difficulties of asset forfeiture.

According to experts, these cases should be examined separately in order to achieve a balanced protection of personal property rights and public interests.

Since 2017, trading cryptocurrencies on exchanges is prohibited in China.

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