Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Shanghai court recognized bitcoin as a unique digital currency


September, 26 2023
watermark Economic news

The Shanghai court of the middle instance recognized bitcoin as a unique digital asset, despite the Chinese ban on trading cryptocurrencies. 


The court assigned bitcoin the status of a different digital currency from the rest, because BTC:


  • it has the properties of money, such as the ability to store, use as a means of payment and a unit of measurement of the value of goods and services;

  • it is widely distributed all over the world;

  • valued for a limited number of coins.


In China, cryptocurrencies are viewed as speculative investment vehicles. Therefore, the decision of the Shanghai court contrasts with the official position of the party. Based on the 2022 decision, the country's legislation is designed to ensure the interests of cryptocurrency owners in disputes related to the acquisition, mining or inheritance of coins.


Although this court decision does not change the status of bitcoin turnover in China and does not allow cryptocurrency trading, the recognition of BTC as a digital currency underscores its legal nature and indicates that within the framework of legal processes, coins are likely to be treated as virtual property.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.