China’s supreme court recognizes crypto in landmark AML law update

2024-8-20 12:15

China’s highest court and its public prosecution agency have for the first time recognized crypto transactions in their revised interpretation of the country’s anti-money laundering laws. At a joint press conference on Aug.

19, representatives of the Supreme People’s Court….

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Crystallizing The Significance Of China Court Declaring Bitcoin As Property

A Court of Arbitration based in Shenzhen, China has given a verdict to the surprise of a number of naysayers that cryptocurrency is vehemently backed by the country’s law. The Shenzhen International Court based in southern China set a legal precedent earlier on Tuesday declaring that cryptocurrency should henceforth be considered a legal asset recognized […]

2018-11-7 09:50


Фото:

Chinese Court: Bitcoin Is Property and Protected by Law

A Chinese Court recently ordered a company in a civil dispute to repay a misappropriated amount of cryptocurrency, setting a legal precedent for cryptocurrency-related disagreements. According to a Finance Magnates’ article published on November 5, 2018, despite China’s 2017 cryptocurrency ban, the Shenzhen Court recognized in the civil dispute that cryptocurrencies have economic value.

2018-11-7 04:00


Фото:

Regulations Roundup: Investors Not Protected in China, Albania to Regulate

In recent regulatory news, a court in China’s Futian District has ruled that cryptocurrency investments are not protected by law, Albania’s government has indicated that it intends to develop a regulatory framework for crypto, and the United States Securities and Exchange Commission has published a memorandum from a recent meeting pertaining to the proposed Vaneck […] The post Regulations Roundup: Investors Not Protected in China, Albania to Regulate appeared first on Bitcoin News.

2018-10-24 20:55


Фото:

Blockchain-Verified Evidence Now Admissible in Chinese Courts Following Supreme Court Decision

The South China Morning Post on September 10, 2018, reported that where China has traditionally been dependent on third-party notary organizations for authenticating evidence, blockchain records are now admissible in Chinese courts as authorities set up one of the world’s most advanced resolution systems for internet-related disputes.

2018-9-11 19:00


Chinese Government Accepts Blockchain Records as Evidence in Court

A new ruling from China’s Supreme People’s Court clarified how blockchain records pertain to court processes, ruling that blockchain records are considered as admissible evidence in court. The new ruling regarding blockchain technology is particularly relevant for internet-based legal cases that can present difficulties regarding the accuracy of evidence and information presented to the court.

2018-9-11 23:30


Фото:

Blockchain Evidence is Legally Binding, says China’s Supreme Court

The Supreme People’s Court of China has issued a set of new rules on the trial of internet court cases, part of which is that blockchain can authenticate electronic data entered in as evidence. Blockchain Authentication The court’s ruling issued on Friday sets out new rules to guide the activities of internet courts, and protect […] The post Blockchain Evidence is Legally Binding, says China’s Supreme Court appeared first on Ethereum World News.

2018-9-7 17:35


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Coinbase policy executive predicts fast crypto regulation under Trump

Coinbase chief policy officer Faryar Shirzad anticipates a rapid push for comprehensive crypto regulation once President-elect Donald Trump begins his new term, CNBC reported on Dec. 2. Shirzad expressed confidence that legislative efforts to regulate the crypto industry will progress “fairly quickly” through Congress under Trump’s leadership.