🇨🇳 Chinese court rules bitcoin should be protected as property

The Shenzhen Court of International Arbitration has ruled that bitcoin ($BTC) should still be legally protected as a property with economic value, despite China’s central bank's ban on cryptocurrency trading. This means that merchants can accept crypto as payment. The court concluded that, whether bitcoin is a legal tender or not does not impact the fact that bitcoin ownership should be protected legally based on China's contract law.