By RomaRuslan | Bitcoin Decision From the Chinese Court | 7 May 2020
The day before, there was an important event not only for Bitcoin but also about all cryptocurrencies. As a result of the decision made in a case regarding Bitcoin in a Chinese court, BTC was identified as a "legal property".
The Shanghai People's Court No. 1 made such a decision based on the following reasons related to Bitcoin: The crypto money in question had a certain value, a small amount, a poor purpose, controllability and a commodity as a virtual asset.
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The day before, there was an important event not only for Bitcoin but also about all cryptocurrencies. As a result of the decision made in a case regarding Bitcoin in a Chinese court, BTC was identified as a "legal property". The Shanghai People's Court No. 1 made such a decision based on the following reasons related to Bitcoin: The crypto money in question had a certain value, a small amount, a poor purpose, controllability and a commodity as a virtual asset.
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