
China Bans Crypto Ownership in Sweeping New Crackdown
In a significant legal development, a Shanghai court has affirmed that individual ownership of cryptocurrencies like Bitcoin is legal in China, even as the government maintains strict prohibitions on crypto-related commercial activities.Token Insightly+5Mondaq+5fienews.com+5 Legal Recognition of Personal Crypto Ownership Judge Sun Jie of the Shanghai Songjiang District People’s Court stated that cryptocurrencies possess “property attributes”…