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China’s Supreme Court Pushes Legal Framework for Digital Assets

China’s Supreme Court Pushes Legal Framework for Digital Assets

Author:

Global Cryptocurrency

Published:

2025-12-29 20:56:01

20

3

BTCCSquare news:

China's Supreme People's Court has underscored the urgency of modernizing legal frameworks for digital transactions and VIRTUAL assets. The court's 2025 'Digital Rule of Law' journal highlights reforms in commercial law, data protection, and AI governance—a clear signal of institutional adaptation to blockchain innovation.

Key developments include the creation of 'controllable electronic records' as a new property class, mirroring global trends in digital asset regulation. The MOVE follows 2022 U.S. commercial law updates addressing similar challenges.

Notably absent are direct cryptocurrency references, though the framework implicitly accommodates blockchain-based assets. This aligns with China's cautious yet strategic approach to digital finance—banning speculative trading while advancing infrastructure for state-backed digital currencies.

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