Bitcoin Gains Recognition As A Unique, Non-Replicable Digital Asset Following Chinese Court Report

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Bitcoin Gains Recognition As A Unique, Non-Replicable Digital Asset Following Chinese Court Report

The Shanghai Second Intermediate People’s Court in China has explained that Bitcoin (BTC) stands out as a unique virtual asset based on several attributes including its scarce nature.
On Sept. 25, the court published a report “Legal Attributes and Judicial Disposal of Digital Currency” highlighting the controversy in digital data and currency in judicial proceedings and justice delivery when placed side-by-side with traditional assets….
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