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Chinese court: bitcoin is a property with "economic value" and must be protected by law

...€ť* As a confirmation of its position the court disregarded all points put forth by the defendant, stating the return of cryptocurrencies is a contractual obligation not governed by the central bank’s dictum. Notable, the court accented that no chinese legislation restricts ownership of bitcoin or other cryptocurrency and linked transaction between two parties. The Shenzhen court is well ...

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