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Court In China Says Trading In Cryptocurrency ‘not Protected By Law’

August 25, 2021
Source: techtelegraph.co.uk techtelegraph.co.uk
News Snapshot:
On top of China’s ongoing crackdown on cryptocurrency speculation, a Chinese court’s comments on Sunday may signal how the country’s legal system will view future crypto-related disputes. The High Court of the eastern province of Shandong reiterated on Sunday in a social media post that “the behavior of investing or trading cryptocurrency is not protected by law.” The Shandong high court cited a case heard by a district court in Jinan, Shandong’s capital city. In that case, the plaintiff in 2017 invested 70,000 yuan (US$10,805) to buy virtual currencies recommended by three defendants. However, when China’s central bank in January...
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