China’s Supreme Court Advances Digital Asset Legal Framework Amid Cybercrime Wave
China’s Supreme People’s Court is drafting new legislation to address the legal vacuum surrounding blockchain-based assets, as cybercrime cases involving digital property surge. The 2025 judicial report acknowledges current laws are ill-equipped to handle disputes stemming from hacked accounts, online fraud, and ownership claims in decentralized systems.
Despite maintaining its cryptocurrency ban, Chinese courts increasingly confront digital asset cases—forcing recognition of virtual property rights. The framework will introduce legally recognized digital records, with parallel reforms addressing AI content, data ownership, and cybercrime procedures.
This development signals institutional adaptation to blockchain’s irreversible role in finance, even as regulators maintain caution. The MOVE mirrors global trends where jurisdictions like Dubai and the EU are establishing crypto-specific legal regimes.
