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  1. WebJD

    Shenzhen Arbitration Court rules bitcoin should be protected as property

    The Shenzhen Court of International Arbitration ruled this week that bitcoin should be legally protected as a property with economic value, even though China’s central bank has banned cryptocurrency trading. Statement of Facts In a case analysis published via WeChat, the court explained its ruling in a recent case involving...
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    China recognizes blockchain evidence, even while expanding cryptocurrency ban

    Even as China expands its widespread ban on cryptocurrencies, the country is embracing the blockchain technology that powers cryptocurrencies, with the Supreme People’s Court this week recognizing the use of blockchain evidence in legal disputes. Blockchain technology Blockchain technology was invented by Satoshi Nakamoto in 2008 to serve as the...
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    China’s first Internet Court handles over 11,000 cases; expands to Beijing and Guangzhou

    China’s first Internet Court has handled more than 11,000 cases since its inception a year ago, and the country now plans to set up additional Internet Courts in Beijing and Guangzhou. Internet Court China’s first Internet Court is located in the e-commerce hub of Hangzhou (capital of Zhejiang Province and...
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    International commercial dispute resolution procedures for Belt and Road litigants

    As reported by the Supreme People’s Court, China is implementing international commercial dispute resolution procedures to provide legal services to litigants from countries involved in the Belt and Road Initiative (BRI). Belt and Road Initiative (BRI) The Belt and Road Initiative (BRI) (also known as the Silk Road Economic Belt...
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    Draft E-commerce Law gets third reading; heading for fourth

    China’s draft E-commerce Law (电子商务法草案) was submitted to the National People’s Congress (NPC) Standing Committee for a third reading this week. E-commerce Law China boasts the world’s largest e-commerce market, with online retail sales growing 32.2% year on year in 2017 to reach RMB 7.18 trillion yuan (USD $1.12 trillion)....

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