The Hangzhou Internet Court issued the "Network Social Governance Trial Perspective", referring to the trial of Bitcoin ownership disputes

According to Xinhua News, the Hangzhou Internet Court recently issued the "Network Social Governance Trial Perspective", which answered the question "Does Bitcoin have commodity attributes? How does the blockchain technology fix the legal effect of electronic evidence?" For example, through the trial of Bitcoin ownership disputes, the Hangzhou Internet Court concluded that, according to China's relevant laws, Bitcoin does not have currency attributes. However, because it condenses the abstract labor force, has the use value and exchange value, it should be identified as having virtual property and commodity attributes.