Faster global financial news!
Legal Precedents
-
Chinese Court Rules Ethereum Is Legal Property With Economic Value
The legal status of cryptocurrencies in China continues to evolve within its judicial system. As early as April 2020, the Futian District People's Court in Shenzhen, Guangdong Province, ruled that Ethereum (ETH) constitutes legal property protected by Chinese law and possesses economic value. This ruling is not an isolated case, as multiple prior court cases have acknowledged the property attributes of virtual assets such as Bitcoin and Ethereum. Despite the Chinese government's strict prohibition on cryptocurrency trading and financial activities, the legality of individuals holding cryptocurrencies as virtual goods or property has been widely recognized in judicial practice.
- No data
-
Chinese Court Rules Ethereum Is Legal Property With Economic Value
The legal status of cryptocurrencies in China continues to evolve within its judicial system. As early as April 2020, the Futian District People's Court in Shenzhen, Guangdong Province, ruled that Ethereum (ETH) constitutes legal property protected by Chinese law and possesses economic value. This ruling is not an isolated case, as multiple prior court cases have acknowledged the property attributes of virtual assets such as Bitcoin and Ethereum. Despite the Chinese government's strict prohibition on cryptocurrency trading and financial activities, the legality of individuals holding cryptocurrencies as virtual goods or property has been widely recognized in judicial practice.
Legal Precedents
24H Trending
-
1
Asian stocks struggle as Hang Seng Index dives amid AI and geopolitical concerns
-
2
Asian markets broadly fell: The Hang Seng Index dropped 3.03% to a four-month low, and the Hang Seng Tech Index fell 5%; Brent crude rose 3.2% to $112.27, due to AI concerns and heightened tensions in the Strait of Hormuz.
-
3
NVIDIA Earth-2 Open Models Deployed Across Europe for Weather and Climate Prediction
-
4
Goldman Sachs: Silver Net Longs Fall to Two-Year Low Amid Dual Blows from Dollar Pullback and Weak AI/Solar Sectors
-
5
NVIDIA accelerated computing and open models are widely adopted by European financial giants, with Revolut, Lloyds Banking Group, and others achieving breakthroughs in efficiency and cost.
-
6
Iran's Security Chief Rejects Uranium Transfer as US VP Vance Calls for Reductions
-
7
JPMorgan Chase Report: Funding Pressure on New Cloud Vendors Won't Impact AI Infrastructure Cycle; Tech Sector Expected to Have $400 Billion Funding Surplus This Year
-
8
Binance announced that it will update the minimum price fluctuation unit for spot trading pairs on October 29.
-
9
Japanese AI startup EpicAI plans to deploy software to accelerate vehicle design reviews for domestic automakers, aiming to match Chinese EV development pace.
-
10
Middle East Tensions Escalate: Houthis Claim Multiple Attacks on Saudi Arabia, Brent Oil Surpasses $112, Iran Claims to Have Struck Oil Tanker in Strait of Hormuz
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
