China Officially Recognizes Theft of Digital Collections, Including NFTs, as Property Theft in Landmark Legal Shift

China Officially Recognizes Theft of Digital Collections, Including NFTs, as Property Theft in Landmark Legal Shift



The Chinese government has formally recognized the theft of digital collections, such as Non-Fungible Tokens (NFTs), as equivalent to property theft. This marks a considerable change in the country's approach to digital asset regulation.



On November 10, China made an important announcement regarding the legal treatment of digital collections, including NFTs. This declaration represents a significant shift in the nation's stance on digital property rights and cybercrime, given its traditionally strict regulatory framework.



Three perspectives are outlined in the statement for categorizing digital collection theft. The first two perspectives view it as either data theft or digital property theft. The third perspective, which treats digital collections as both data and virtual property, leads to a concept known as


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#Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #NFT, #Regulations

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