China’s Crypto Ban Leads to Tons of Court Disputes and Legal Uncertainty

  • Alex Dovbnya
    📰 News

    China’s crackdown on cryptocurrencies took its toll on the country legal system as a large number of crypto-related disputes overwhelms Chinese courts


China’s Crypto Ban Leads to Tons of Court Disputes and Legal Uncertainty

China’s crackdown on cryptocurrencies took its toll on the country legal system as a large number of crypto-related disputes overwhelms Chinese courts. A local media outlet reports that there are already 274 court cases. They mostly cover criminal and civil matters along with administrative ones (two pending cases).

The country’s hawkish stance towards crypto complicates court rulings, since many of them involve digital assets that are currently trapped in a legal grey zone. In a most recent case between a local exchange and its client, Chinese courts only discussed a breach of contract complaint, not touching upon the legality of crypto trading.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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