China's Supreme People's Procuratorate recognized Bitcoin as legally protected property under criminal law, resulting in an 11-year prison sentence for a thief who stole 107 Bitcoin. Meanwhile, the cybersecurity administration issued new financial data guidelines, and authorities charged miners with illegal operations for utilizing waste heat. These events highlight a complex legal landscape where Bitcoin is protected as property despite strict bans on related business activities.
Chinese regulators label the recovery of waste heat from crypto mining as illegal, intensifying the nation's long-standing crackdown on the sector.
Read the full storyChina's cybersecurity administration introduced guidelines for data grading in the financial sector to strengthen the protection of sensitive information.
China's Supreme People's Procuratorate recognizes Bitcoin as legally protected property in a landmark criminal case involving the theft of 107 BTC.