{"id":3061,"date":"2024-11-21T06:16:56","date_gmt":"2024-11-21T06:16:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3061"},"modified":"2024-11-21T06:16:56","modified_gmt":"2024-11-21T06:16:56","slug":"chinese-judge-cites-high-pressure-crackdown-on-speculation-in-judgment-declaring-crypto-ownership-legal-as-bitcoin-moves-past-97k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3061","title":{"rendered":"Chinese Judge Cites &#8216;High-Pressure Crackdown&#8217; On Speculation In Judgment Declaring Crypto Ownership Legal As Bitcoin Moves Past $97K"},"content":{"rendered":"<div>\n<p>Amid <strong>Bitcoin\u2019s<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) record-breaking run, a Shanghai court has opined that owning cryptocurrencies as an individual\u00a0is not against Chinese law.<\/p>\n<p><strong>What Happened<\/strong>: Judge <strong>Sun Jie<\/strong> of the Shanghai Songjiang People&#8217;s Court offered legal clarification for cryptocurrency holders in mainland China, the\u00a0<a href=\"https:\/\/www.scmp.com\/tech\/blockchain\/article\/3287415\/shanghai-court-says-crypto-ownership-legal-under-china-law-amid-bitcoin-price-surge\">South China Morning Post<\/a>\u00a0reported Thursday. <\/p>\n<p>In an article published on the official WeChat account of the Shanghai High People&#8217;s Court, Sun declared that it is \u201cnot\u00a0illegal for individuals to hold\u00a0cryptocurrency,\u201d even as the <a href=\"https:\/\/www.benzinga.com\/money\/is-crypto-banned-in-china\">blanket ban on cryptocurrency transactions<\/a> enforced in 2021 remains in effect.<\/p>\n<p>\u201cThat is why laws and regulations always maintain a high-pressure crackdown on speculative activities in cryptocurrency trading,&#8221; Sun said, emphasizing &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/24\/11\/42103633\/chinese-court-affirms-cryptocurrency-ownership-as-legal-as-bitcoin-breaks-97k\" alt=\"Chinese\" judge cites crackdown on speculation in judgment declaring crypto ownership legal as bitcoin moves past>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Amid Bitcoin\u2019s (CRYPTO: BTC) record-breaking run, a Shanghai court has opined that owning cryptocurrencies as an individual\u00a0is not against Chinese law. What Happened: Judge Sun Jie of the Shanghai Songjiang People&#8217;s Court offered legal clarification for cryptocurrency holders in mainland China, the\u00a0South China Morning Post\u00a0reported Thursday. In an article published on the official WeChat account [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3061","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3061"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3061\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}