Back

Shanghai Court Rules That Personal Cryptocurrency Trading Is Generally Not Illegal

During a legal seminar co-organized by Shanghai Second Intermediate Court and Renmin University of China Law School, experts confirmed that individual crypto trading does not typically violate Chinese criminal law.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Virtual currency: A digital form of money that operates on blockchain networks and is not issued by any government.
  • Cryptocurrency trading: The act of buying and selling digital assets such as Bitcoin or Ethereum, typically on online exchanges.
  • Shanghai Second Intermediate Court: A regional-level judicial body in Shanghai, China, responsible for handling major criminal and civil cases.