Bitcoin’s surge fuels crypto tax talks, BTC a commodity in china but judge warns of legal risks, Vitalik Buterin meets Moo Deng: Asia Express
Cryptocurrencies are considered commodities in China and are not explicitly prohibited by law, said commercial judge Sun Jie at Songjiang District Peoples Court in Shanghai.
However, crypto activitieslike trading, issuance, or paymentsare considered illegal financial activities.
Suns statement posted on Songjiang Courts official WeChat channel provides legal guidance on cryptocurrencies during a booming market cycle, which she calls the new gold rush.
