Chinese High Court declares “cryptocurrency is not protected by law”

China’s Northern Shandong province high court has ruled against cryptocurrency in a recent verdict. The virtual token dispute involved an investment of $10,756 by the plaintiff. The litigant filed the case on his virtual token purchase in 2017. However, the ongoing Chinese crypto crackdown resulted in the plaintiff’s account closure by the People’s Bank of The post Chinese High Court declares “cryptocurrency is not protected by law” appeared first on Coingape.