Ethereum and cryptos protected under the law as property

Ethereum and cryptos protected under the law as property

The Shanghai Hongkou District Court has ordered that the cryptocurrencies including Ethereum are not recognized as money but they have some legal protection as owning property. The court specified, “China does not recognize the monetary benefits of ‘virtual currencies’ including Ether. However, we cannot deny the fact that Ether should be protected by law as a general property.”

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