Chinese court rules crypto ‘not protected by law’ · TechNode
From technode.com
2021-08-24 12:04:51
Zhanhang Ye
Excerpt:
A court in China ruled that cryptocurrency investments are “not protected by law.” Yunnan authorities barred hydropower plants from supplying power to crypto miners. Lympo will start auctions of a series of sports star NFTs on Aug. 30. China’s eastern city of Suzhou completed a digital yuan trial on autonomous buses.
- A high court from China’s northern Shandong province said in a statement that cryptocurrency investments are “not protected by law” after reviewing a recent case. In the case, the plaintiff sued three other people after losing access to RMB 70,000 ($10,805), which he invested in a crypto account. The account was shut down due to Chinese authorities banning payment services for crypto transactions in 2018. (
