It gives us a great pleasure to bring it to our readers the Bitcoin status is “legal” in China now. While a lot has been discussed about Bitcoin’s status and store of value, the ancient city of Hangzhou in China steps up to confirm the digital currency’s identity as “virtual property”. The city’s court recently ruled in favor of the cryptocurrency’s legal status, stating that its transactions and dealings are very much protected under the law. As many analysts ascertain the country’s change in outlook towards cryptocurrencies, People’s Bank of China affirmed that BTC is indeed given the status of
