News/Bitcoin Recognized as Legal Virtual Property by Shanghai High Court in a Case

Bitcoin Recognized as Legal Virtual Property by Shanghai High Court in a Case

May 12,2022,13:10
The official WeChat public number of Shanghai High People's Court has published a case about Bitcoin in its section. The case categorized Bitcoin as having the characteristics of value, scarcity and disposability, so it has the characteristics of a right object and meets the elements of virtual property. In addition, the gist of the decision of the case mentioned that Bitcoin, as virtual property, has property attributes and is regulated by the legal norms of property rights.
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