Accepting new technology or things always create complications for governments. Because different legal and technical issues are there to be addressed by the government. Sometimes few people are in favor of that technology or thing and some are against that both have the reasons. So acceptance of that technology goes through different ups and downs. Which cause a delay in acceptance.
Similarly acceptance of Bitcoin go through different ups and downs. But now a court decision about Bitcoin is “Bitcoin holds the same attributes as property - valuable, scarce and disposable. We should recognize it as a virtual property.” Which means that they have accepted it as a virtual assets and property.
The judgment from The Hangzhou Internet Court is a result of the case filed by plaintiff Wu, who purchased Bitcoin Online. Later when he tried to access his account, he not found the operator that was closed. He files a suit against the site. Although he lost the case against the firm, a judgment came from the court that may help many other people to buy digital assets or crypto.