The Takeaway: A review of over 50 patent applications submitted by the People’s Bank of China shows the design of its central bank digital currency will only resemble a cryptocurrency in limited ways. A senior official at the central bank said the effort will be...
Hangzhou Internet Court Bitcoin has been declared legal property in China after a court ruling by the Hangzhou Internet Court. The declaration was made following an injunction on a legal dispute between crypto exchange FXBTC and a client who lost funds when the...
Why China Wants to Ban Cryptocurrency Mining China is looking to ban cryptocurrency mining and regulators in the country are seeking public opinion on the matter. The nation is home to the world’s biggest mining-pools and hardware manufacturers. Its leadership is,...
Cryptocurrency law continues to develop in accordance with the expansion of the market. Over the last year, the cryptocurrency sector experienced a flood of new legislation. Governments now seek to wrangle in the Wild West crypto atmosphere through a variety of new...