China’s High Court Affirms Bitcoin as a Legally Protected Valuable Asset | May 13, 2022 at 9:47 AM
  • Shanghai’s district court has ruled in favor of a Bitcoin holder’s right to compensation.
  • The Shanghai High People’s Court recognized 1 BTC as having value and disposability, and as such the loan provider does have legal right to reimbursement.
  • It is well known that the Chinese government stands opposed to crypto.