China’s Cryptocurrency Verdict: Legal Property Or Trouble Ahead?
Cryptocurrency has long been a contentious subject in China, with the government imposing strict regulations and outright bans on various aspects of the industry. However, a recent report from China’s People’s Court challenges this historical stance, offering newfound recognition to virtual assets as legal property. In a significant departure from conventional policy, the report titled […]
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The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court. Russia to Recognize Bitcoin as Property During the government meeting on Thursday, Russian Prime Minister Mikhail Mishustin talked about Russia’s plans for cryptocurrency regulation alongside other initiatives to fight against the spread of the coronavirus pandemic. After outlining several solutions the Russian government has come up with,....
Futurists imagine a day where robots might own ‘themselves’, and even trade property with other robots. Some believe bitcoin could even become the ‘currency of AI.’ Robotic Bitcoiners. What if robots are self-sovereign entities and they can own property, own money, have legal rights and so forth? “There’s actually a lot of precedence for that,” says Jeff....
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Madras High Court has ruled that cryptocurrencies can be treated as property, a decision that could reshape how exchanges handle user assets after hacks. The court found that certain crypto holdings are identifiable and controllable, and therefore eligible for legal protection similar to other movable property. Related Reading: $133 Million In Bitcoin On The Move: […]