Shanghai court recognizes Bitcoin as digital currency, citing its uniqueness and potential for ownership disputes.
No it didn't!
It has just ruled that:
Virtual assets represent property and are thus protected by law!
What this means is that if you have 200 BTC and they got stolen that's a criminal act and the victim should seek compensation, if I lend you 1 BTC and you don't pay back it's like I lend you a car and you run with it or you take $20 000 and again don't pay back!
The court decided that virtual currencies have value, that's it, and they can't be treated like Candy Crush saga diamonds or saved games!
It's not about BTC it's about all virtual currencies and they recognized it as property,
not as a currency!