Research Summary

The report discusses the inclusion of cryptocurrency-related cases in the People’s Court Case Database of the Supreme Court of China. The database, which is publicly accessible, contains cases related to various cryptocurrencies such as Tether, Bitcoin, Ethereum, and others, as well as cases involving NFTs.

Key Takeaways

Public Access to Cryptocurrency Cases

  • Database Launch: The Supreme People’s Court of China has launched the People’s Court Case Database, which is publicly accessible and contains a total of 3,711 cases, including those related to cryptocurrencies.

Case Breakdown by Cryptocurrency

  • Tether Cases: The database includes three cases related to Tether (USDT), each exploring different aspects of the cryptocurrency’s nature in the context of criminal law.
  • Bitcoin Cases: Seven cases related to Bitcoin are included in the database, with topics ranging from robbery and resale of Bitcoin to the legal recognition of Bitcoin mining.
  • Ethereum and NFT Cases: The database contains one case related to Ethereum and one case related to NFTs (Non-Fungible Tokens), specifically focusing on the liability of NFT digital works transaction network service providers.

Virtual Currency and Cryptocurrency Cases

  • Virtual Currency Cases: The database includes 15 cases related to “virtual currency”, covering a wide range of topics from pyramid selling activities to online gambling.
  • Cryptocurrency Cases: Eight cases related to “cryptocurrency” are included in the database, with one new case focusing on the operation of a gambling den using an online chess and card platform.

Actionable Insights

  • Understanding Legal Precedents: The public availability of these cases provides valuable insights into how the Chinese legal system is handling disputes and crimes related to cryptocurrencies. This can be useful for legal professionals, investors, and businesses operating in the cryptocurrency space.
  • Implications for Regulatory Environment: The cases included in the database can provide indications of the regulatory environment and legal stance towards cryptocurrencies in China. This can be beneficial for businesses and investors looking to understand the potential risks and legal implications of dealing with cryptocurrencies in the country.
  • Insights into Cryptocurrency Crimes: The cases provide insights into the types of crimes being committed using cryptocurrencies, which can be useful for law enforcement agencies, cybersecurity professionals, and businesses looking to mitigate potential risks associated with cryptocurrency transactions.

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