China's Legal and Judicial Approach to Digital Assets: A Focus on Virtual Currency

Meihua Liang and Yuting Chen of Commerce & Finance Law Offices present an analysis of China's distinct regulatory model governing digital assets, and its legal implications for market participants

By Meihua Liang and Yuting Chen

China's Legal and Judicial Approach to Digital Assets: A Focus on Virtual Currency

Summary

● China’s distinctive regulatory framework imposes strict prohibitions on fungible tokens（FTs） while permitting non-fungible tokens (NFTs) to operate within defined boundaries

● This is set out in a set of regulatory documents along with some leading court cases which align with the government’s policy guidelines

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