Bitcoin is legally protected as property. PBOC had banned ICOs and cryptos in 2017. In what seems to be a positive development for the cryptocurrency world, Shenzhen Court of International Arbitration ruled that Bitcoin and other cryptocurrencies are legally protected as a property, in a case of equity transfer dispute. This comes as a relief long after the world’s second biggest economy had banned ICOs and blanket ban in trading in cryptocurrencies last year that resulted in crypto volumes all but vanishing from the country. The arbitrator said: “There is no law or regulation that explicitly prohibits parties from holding bitcoin or private transactions in bitcoin, [only warnings to]the public about the investment risks. The contract in this case stipulates the obligation to return the bitcoin between two natural persons, and does not belong to the [Sept. 2017 ban].” This ruling may pave way to the re-emergence of crypto trading in China and in turn should be viewed as a positive development for the crypto world. (Read the official WeChat order here) FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Ripple price analysis: Breakdown on the cards? FX Street 4 years Bitcoin is legally protected as property. PBOC had banned ICOs and cryptos in 2017. In what seems to be a positive development for the cryptocurrency world, Shenzhen Court of International Arbitration ruled that Bitcoin and other cryptocurrencies are legally protected as a property, in a case of equity transfer dispute. This comes as a relief long after the world's second biggest economy had banned ICOs and blanket ban in trading in cryptocurrencies last year that resulted in crypto volumes all but vanishing from the country. The arbitrator said: "There is no law or regulation that explicitly prohibits parties from holding… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
