Bitcoin Nears $100,000 in China as Personal Crypto Rights Are Clarified
The Shanghai court has clarified the legal ownership of cryptocurrencies. Cryptocurrencies are recognized as legal assets in China. This announcement aligns with the surge of Bitcoin prices reaching unprecedented heights. Bitcoin enthusiasts are actively speculating on the potential for further price increases. This development helps to solidify the legal status of cryptocurrencies within the country. Sun Jie, a crypto investor, expresses concerns regarding Beijing’s ongoing crackdown on commercial cryptocurrency activities.
