Despite a hostile national policy in China, several courts in the country over the years have recognized Bitoin and other digital assets as legal properties protected by law.
recognized
The Chinese court released a report on Sept. 25 discussing the development of internet technologies. The report noted that with the development of Internet technology, digital currencies such as Bitcoin stand out as unique and non-replicable. The report noted that among a sea of virtual currencies, Bitcoin is different and unique from the rest of the digital assets.
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