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Benzinga
Benzinga
Business
Samyuktha Sriram

Shanghai High Court Deems Bitcoin 'Virtual Property'

Bitcoin Crypto Cryptocurrency WeChat

The Shanghai High People’s Court classified Bitcoin (CRYPTO: BTC) as virtual property protected by Chinese law despite a nationwide cryptocurrency trading ban still in place.

What Happened: According to a report from local publication Sina last week, the Court issued a statement on its official WeChat concerning a recent ruling in a Bitcoin-related case.

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