Legal Status of Digital Assets in China Clarified

Legal Status of Digital Assets in China Clarified

Owning digital assets is not illegal under Chinese law for individuals, but restrictions remain for enterprises, a Shanghai judge has affirmed. Sun Jie, a judge at Shanghai’s Songjiang People’s Court, issued a statement on the court's official WeChat account, clarifying that individual cryptocurrency ownership is not prohibited by Chinese law. However, she emphasized that enterprises are barred from investing in digital assets or issuing toke...

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