Hello dear readers, back with all of you in this opportunity to socialize the legal elements that exist in China and how these in cases of theft the legislation of the Asian giant protects the holders of cryptocurrencies, an element that undoubtedly is an advantage in a country that has not yet defined its position on the marketing of cryptocurrencies.
The truth is that in China, despite having implemented a major ban on cryptocurrencies a year ago, the government continues to protect local crypto-investors, since cryptocurrencies are recognized as virtual property protected by the Asian giant's legislation.
In the words of David Lesperance (Founder of the law firm Lesperance & Associates), one of the most hostile countries in the world towards Bitcoin (BTC), China has not yet banned the possession of cryptocurrencies.
In this regard, according to Lesperance cryptocurrency holders in China are protected by law in case of theft, misappropriation or breach of a loan agreement, despite the fact that cryptocurrency exchanges are still prohibited in China.
It is noteworthy that although Lesperance says cryptocurrency exchanges are banned in China, some local cryptocurrency enthusiasts are confident that the PBoC has never explicitly banned individuals from trading cryptocurrencies.
SOURCES CONSULTED
CointeleGraph. Possession of Bitcoin still legal in China despite the ban, lawyer says. Link
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, incorporating image: Freemanlaw
, incorporating image: Freemanlaw 
