Possession of Bitcoin still legal in China despite the ban, lawyer says

Cointelegraph

Published Sep 16, 2022 07:40AM ET

Updated Sep 16, 2022 09:20AM ET

Despite enforcing a major cryptocurrency ban one year ago, the Chinese government still protects local crypto investors as crypto is recognized as virtual property protected by the law.

One of the world’s most hostile countries toward Bitcoin (BTC), China has not yet banned the possession of cryptocurrencies, according to David Lesperance, founder of Lesperance & Associates law firm.

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