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Zenger
Zenger
World
Bibhu Pattnaik

Chinese Court Recognizes Digital Assets As Legal Property

Representation of Bitcoin and other cryptocurrencies. A Chinese court has recognized these digital assets as legal property, despite the broader restrictions imposed on them by the nation. (JAKUB PORZYCKI/NURPHOTO/GETTY IMAGES)

In a significant move, a Chinese court has released a report that delves deep into the legal standing of virtual assets.

According to a report by the local newspaper ODaily, the court recognizes these digital assets as legal property, despite the broader restrictions imposed on them by the nation.

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