Shanghai High Court Categorises Bitcoin as Virtual Property Subject to Legal Protection

Shanghai High Court Categorises Bitcoin as Virtual Property Subject to Legal Protection

China’s expulsion of crypto miners and other judgements had effectively restricted crypto trading and associated operations within its borders, but a recent judgment from the country’s Shanghai High People’s Court finds Bitcoin to be a virtual asset with economic value that is protected by Chinese law. The judgement arrived in…

Senator Elizabeth Warren Expresses Concern Over Fidelity’s Bitcoin Pension Plan

Senator Elizabeth Warren Expresses Concern Over Fidelity’s Bitcoin Pension Plan

US-based retirement plan provider Fidelity must address risks and potential conflicts of interest related to its plan to allow Bitcoin investment in 401 (k) retirement accounts, according to Senators Elizabeth Warren of Massachusetts and Tina Smith of Minnesota, who have asked for answers from the financial services heavyweight before May…

Dubai’s Real Estate Player Damac Properties Adds Bitcoin, Ethereum as Payment Options

Dubai’s Real Estate Player Damac Properties Adds Bitcoin, Ethereum as Payment Options

The crypto culture seems to be on an expansion in parts of the United Arab Emirates (UAE). In a latest development, Dubai-based real estate developer Damac Properties has decided to accept payments in the form of cryptocurrencies. Bitcoin and Ether, the top two cryptos in-terms of valuation, have been declared…

Central African Republic Becomes First African Nation to Make Bitcoin Legal Tender

Central African Republic Becomes First African Nation to Make Bitcoin Legal Tender

The Central African Republic, a landlocked nation which lies roughly at the centre of the African continent, has become the first African country to declare Bitcoin legal tender. The Ministry of Finance and Budget and the Ministry of Digital Economy, Postal Services, and Telecommunications have submitted a joint document that…