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China’s surprise NFT move, Hong Kong’s $15M Bitcoin fund: Asia Express By Cointelegraph

November 9, 2023
in Investments
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China’s surprise NFT move, Hong Kong’s $15M Bitcoin fund: Asia Express By Cointelegraph



China’s surprise NFT move, Hong Kong’s $15M Bitcoin fund: Asia Express

In a surprise move, the Chinese government has guaranteed legal protection for NFTs.

In response to a series of often conflicting judicial opinions on the state of cryptocurrency in the country, the Chinese government has officially issued a legal commentary on dealing with cases of nonfungible tokens (NFTs) theft and their status as virtual property protected by law.

A Chinese judge explains that according to current laws, parties in a crypto lending contract are not entitled to judicial protection.
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The Hong Kong Web 3.0 Festival gallery hall (Twitter)

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