<ul><li>In a step toward regulatory clarity for Bitcoin holders in China, a Shanghai court has issued an opinion stating that personal ownership of digital assets is not illegal under Chinese law.</li><li>The court clarified that individuals are permitted to own cryptocurrencies, but business entities in China are still prohibited from engaging in cryptocurrency investments or token issuance without regulatory approval.</li><li>This opinion was part of the court's review of a lawsuit involving disputes over an initial coin offering (ICO), which is deemed illegal financing in China.</li><li>Despite the permission for personal ownership, China maintains a high-pressure crackdown on speculative activities in cryptocurrency trading.</li></ul>

Legal Clarity For Bitcoin Holders: Shanghai Court Rules Crypto Ownership Is Permissible

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