Bitcoin to Become ‘People’s Right’ in China, New Law Proposed
In what could be a second revolution for China, Bitcoin, as well as other cryptocurrencies, online gaming tokens and other data-based information could establish itself as ‘Civil Rights’ Objects in this far eastern country. The new civil code which is contained in the upcoming General Provisions Draft would give Chinese citizens recourse to legal remedy in case their Bitcoin or other digital assets are stolen This is similar to current legal options and is applicable to personal information being leaked, hacked or stolen. The proposed new civil code. The General Provisions Draft was made....
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China loves digital currency, France wants to fight it, and the FBI doesn’t know how to handle it. Want to catch up on your latest digital currency news? Check out the stories below. CHINA. China has proposed a new civil law that recognizes the people’s right to own virtual assets. This includes bitcoin and additional cryptocurrencies. The civil code was introduced in the National People’s Congress on June 27 and states that all virtual and physical financial entities possess equal status. In other words, you can own bitcoin, and you can own yuan. Either way, they’re both money and they’ve....
Bitcoin is becoming a world currency. Credibility and safe-haven currency functionality are some of the sine qua non features of a world currency. Signs corroborating that Bitcoin exhibits these two features are appearing more frequently and in ever more significant use-cases. Bitcoin is Gearing Up to be a World Reserve Currency. Recently, The People’s....
The People’s Bank of China reposted a memo from September 15th that addresses the country's Bitcoin ban to their website, causing widespread Bitcoin selling and a Friday morning price dip.
The People’s Bank of China summoned financial institutions to reinforce that no Chinese citizen can make bitcoin transactions.
Anyone who has launched their own cryptocurrency is probably aware of how important it is for your token to be listed in the ‘right’ places. For many crypto entrepreneurs, these ‘right’ places are usually crypto exchanges and token listing platforms like CoinGecko. This is hardly a simple task, as the token creators have to go […]