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

Cover image via U.Today

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.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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