चीन में कर्ज निपटान के लिए क्रिप्टोकरेंसी का हो सकता है इस्तेमाल: सुप्रीम कोर्ट

चीन में कर्ज निपटान के लिए क्रिप्टोकरेंसी का हो सकता है इस्तेमाल: सुप्रीम कोर्ट

स्रोत नोड: 2636347

Virtual assets in China can be legally used to settle basic relations debts such as exchange and labor, despite the nation’s ban on cryptocurrency transactions, the Supreme People’s Court of China declared in a conference earlier this year. 

संबंधित लेख देखें: केंद्रीय बैंक के पूर्व अधिकारी का कहना है कि चीन को क्रिप्टोकरेंसी पर अपने प्रतिबंध पर पुनर्विचार करना चाहिए

कुछ तथ्य

  • The Supreme Court said in a January सम्मेलन on financial trials that cryptocurrencies share some attributes of virtual properties, and if the parties in a case agree to use small amounts of cryptocurrencies to settle their debts, the contract should be considered valid by the Chinese courts.
  • If the cryptocurrency transaction cannot be executed due to policy restrictions, the court will determine the compensation based on the actual value of the agreed amount of cryptocurrencies when the contract was signed.
  • The Supreme Court added that courts will not accept any complaints from users if the cryptocurrency was traded after Sept. 4 2019 — the date when the Chinese government issued a प्रतिबंध on initial coin offerings and crypto exchange services — and if trading platforms or token issuers failed to fulfill liquidation obligations. 
  • The records further clarified that the use of cryptocurrencies as payments for fiat currencies or physical commodities under the guise of a contract shall be regarded as illegal.
  • The conference records align with the Chinese government’s stance on cryptocurrencies, which emphasizes that cryptocurrencies such as Bitcoin, Ether and Tether do not have the same legal status as fiat money. China issued a blanket क्रिप्टोक्यूरेंसी लेनदेन पर प्रतिबंध सितंबर 2021 में।
  • Outside mainland China, Hong Kong’s initiatives to build a crypto hub is receiving Beijing’s backing, with चीनी राज्य के स्वामित्व वाली financial institutions providing banking services to local crypto firms.

संबंधित लेख देखें: बाइनेंस ने चीन से 'व्यापक' संबंध छिपाए: फाइनेंशियल टाइम्स

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