China’s ban on crypto does not prohibit Chinese crypto holders from being protected by the law against theft, misappropriation, or breach of loan agreements. The Chinese government has enforced a major cryptocurrency ban since 2011. However, local crypto investors are still protected by it. Crypto is considered virtual property and thus the law protects it. According to David Lesperance founder of Lesperance & Associates law company, China is one of the most hostile countries towards Bitcoin ( Bitcoin). However, China has not yet prohibited the possession of cryptocurrencies. China banned most crypto currencies last night Lesperance explained to Cointelegraph that…