Quote
After a year of the Chinese authorities effectively outlawing cryptocurrency and related activities in the country, a Chinese court has now ruled in favor of Bitcoin. While hearing a case involving digital currencies, the Shenzhen Court of International Arbitration said that owning and transferring Bitcoin is not forbidden by Chinese law.
https://blokt.com/news/chinese-court-rules-in-favor-of-bitcoin-calls-crypto-transactions-legal
I was quite surprised to read this news because we all know that the Chinese has made its U-turn against Bitcoin since last year. So its interesting if one of their courts rule in favor of bitcoin. But I still have mix emotions though, we all know that the Chinese governments is hostile towards crypto so I don't think that this will set any precedence in Chinese court though. Pressure will be put on the courts to go against crypto, that's for sure.