Crypto clarified as personal property in China, remains barred for businesses

A recent ruling by the Shanghai Songjiang People’s Court has clarified that owning cryptocurrencies is not illegal in China. The Nov. 18 judgment established that digital assets have “property attributes” under Chinese law. However, their use is strictly limited to personal ownership and as commodities, not as legal tender or investment tools. Judge Sun Jie […] The post Crypto clarified as... source: https://cryptoslate.com/crypto-clarified-as-personal-property-in-china-remains-barred-for-businesses/