Bitcoin Can Legally be Owned and Transferred in China, Court Rules

A court in Shenzhen, China has recognized bitcoin as a property clearing the way for merchants to accept it legally as payment.

Chinese authorities banned initial coin offerings in September 2017 and embarked on a crackdown to weed out the then thriving cryptocurrency industry. Before the ban, China was a major cryptocurrency hub in the world helping to drive the soaring bitcoin value.

Read more: https://blockchainflashnews.co....m/bitcoin-can-legall

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