Another worthless news created by a second hand news source.
For people who really fact finds the news the already know by now that China isn't really a strict country when it comes to cryptocurrency.
The only one creating the wrong impression is because of these kinds of news sources creating junk content.
This is just a minor court ruling with precedent but it didn't stop their local businesses on accepting cryptos as mode of payment in their country, the court maybe just proceeded with the sessions in order of formality.
Did you read the news? I can see contradictory on your statement.
Judge it as worthless and junk content but stated China isn't a strict country regarding cryptocurrency and local businesses still accepting crypto as a payment method.
That exactly the article mentioned about
merchants in China can legitimately accept digital currency as a method of payment according to a report by CnLedger.
"The Shenzhen Court of International Arbitration legally deemed Bitcoin (BTC) as property, permitting users and businesses to own and transfer BTC without being in conflict with extant financial regulations."Well, doesn't mean PBOC will just accept it as they want to strengthen regulatory supervision towards digital currency, only time will tell, let's see what will happen later.