[News article]
"Shanghai Court Recognizes BTC as Digital Currency"
Shanghai court recognizes Bitcoin as digital currency, citing its uniqueness and potential for ownership disputes.
[Open question]
China is a socialist country. I don't quite understand the recognition of Bitcoin.
Indeed, we should engage in an extended thought process to understand why China has chosen to recognize it.
Let me use this opportunity to correct a small impression concerning the precised board that this post or thread have to allocate to, from my observation concerning this, I think that the main place whereby this thread suppose to have more traffic for discussion is bitcoin discussion, because trading is basically meant for buying and trading of cryptocurrencies and also learning of the strategies to implies so that investor especially the new ones won't be able to be victims of losing all of what they invested in trading. The aspect of China accepting bitcoin or recognised bitcoin through court order, I think it's a welcomed development in cryptocurrency market because if the information is real I think bitcoin will be positive in the market, only if the companies in China embrace bitcoin for monetary transactions and also invest in bitcoin and as well choose an option of payment with bitcoin.