In a surprising turn of events, the Shanghai No.2 Intermediate People’s Court in China has officially recognized Bitcoin as a unique and non-replicable digital asset while acknowledging its scarcity and inherent value. This landmark decision comes despite the Chinese government’s hostile stance on cryptocurrencies, including a blanket ban on all […]
Tag: Shanghai
China’s Blockchain Plan For Shanghai By 2025
China’s commitment to the blockchain sector remains steadfast as it gears up to develop blockchain infrastructure in Shanghai by 2025. The city’s governor unveiled an implementation plan on July 31st, outlining the strategic goal of advancing Shanghai’s digital development. The plan is set to promote the widespread application of blockchain […]
There are no Crypto Office Raids in Shanghai Despite Bold Claims by Some
It would appear there is a lot of misleading being distributed in the cryptocurrency space today. Any reports regarding “office raids” in Shanghai against crypto firms need to be taken with a few grains of salt. Wherever one looks, it would appear cryptocurrency firms with offices in Shanghai are being […]