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Court in China Recognizes NFTs as Virtual Property Protected by Law

Post author:MiamiCrypto
Post published:December 7, 2022
Post category:China chinese Court Crypto Cryptocurrencies Cryptocurrency Digital Collectibles E-commerce Hangzhou law Laws NFT NFTs Non-fungible tokens property property rights Regulation ruling Tokens Virtual Property

A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from…

Chinese court says NFTs are virtual property protected by law

Post author:MiamiCrypto
Post published:December 5, 2022
Post category:China chinese Court digital collectables E-commerce Hangzhou Internet Court Laws NFTs Nonfungible Tokens property laws property rights

The court said NFTs are “unique digital assets” that “belong to the category of virtual property” in a case where it had to confirm the legal attributes of NFTs.