中国法院裁定个人拥有数字资产并不违法，但企业不得投资

上海松江人民法院法官孙杰在法院官方微信账号上分享了她的观点，并指出“个人持有加密货币并不违法”。

China Owning Digital Assets Not Illegal for Individuals, Judge Rules, Enterprises Banned from Investing ‘At Will’

中国个人拥有数字资产不违法，法官裁定企业禁止“随意”投资

Owning digital assets is not illegal for individuals under Chinese law, a Shanghai judge has ruled. However, enterprises are prohibited from investing in digital assets or issuing tokens “at will,” the judge added.

上海一名法官裁定，根据中国法律，个人拥有数字资产并不违法。然而，法官补充说，企业不得“随意”投资数字资产或发行代币。

Sun Jie, a judge at Shanghai’s Songjiang People’s Court, shared her opinion on the court’s official WeChat account, noting that it was not “illegal for individuals to hold cryptocurrency.” However, businesses can’t invest in digital assets or issue tokens “at will,” the judge added.

上海松江人民法院法官孙杰在法院官方微信账号上分享了她的观点，并指出“个人持有加密货币并不违法”。然而，法官补充说，企业不能“随意”投资数字资产或发行代币。

Jie further stated that Chinese law considers digital assets to be virtual commodities to which property attributes are assigned. However, the law bars businesses from engaging in digital asset investment as it can disrupt the country’s economy or provide an avenue for financial crime.

杰进一步表示，中国法律将数字资产视为具有财产属性的虚拟商品。然而，该法律禁止企业从事数字资产投资，因为这可能会扰乱国家经济或为金融犯罪提供途径。

“Virtual currency trading speculation activities such as BTC will not only disrupt the economic and financial order but also may become a payment and settlement tool for illegal and criminal activities, breeding money laundering, illegal fund-raising, fraud, pyramid schemes and other illegal and criminal activities,” Judge Sie stated.

“比特币等虚拟货币交易炒作活动不仅会扰乱经济金融秩序，还可能成为违法犯罪活动的支付结算工具，滋生洗钱、非法集资、诈骗、传销等违法犯罪行为。犯罪活动，”施法官说道。

“That is why laws and regulations always maintain a high-pressure crackdown on speculative activities in cryptocurrency trading.”

“这就是为什么法律法规始终对加密货币交易的投机活动保持高压打击。”

While it may not be illegal to hold digital assets, the judge warned the public against ‘crypto,’ reminding investors that the law may not be able to protect them in certain instances if they lose their money.

虽然持有数字资产可能并不违法，但法官警告公众提防“加密货币”，并提醒投资者，在某些情况下，如果他们损失了钱，法律可能无法保护他们。

The ruling was in a case involving two companies that were fighting over a breach of contract in a token issuance agreement. Since the law considers token issuance illegal, the judge ruled that all payments made between the two parties must be refunded.

该裁决涉及两家公司因代币发行协议违约而发生争执的案件。由于法律认为代币发行非法，法官裁定双方之间支付的所有款项必须退还。

It’s the latest twist in China’s complicated relationship with digital assets. On the surface, the Chinese government has banned digital assets since 2017, when it purged local exchanges and outlawed initial coin offerings (ICOs), which were wildly popular globally at the time. It followed this up with a ban on block reward mining, pushing miners to either relocate or shut down.

这是中国与数字资产复杂关系的最新转折。从表面上看，中国政府自 2017 年起就禁止了数字资产，当时它清理了当地交易所，并取缔了当时在全球广受欢迎的首次代币发行 (ICO)。随后，它禁止了区块奖励挖矿，迫使矿工搬迁或关闭。

However, data from Crypto Quant in September revealed that Chinese mining pools controlled 55% of the BTC mining hashrate, ranking ahead of the second-placed United States at 40%.

然而，Crypto Quant 9 月份的数据显示，中国矿池控制了 55% 的 BTC 挖矿算力，领先于第二名美国的 40%。

Chinese courts have also made over a dozen rulings that implied that owning digital assets wasn’t illegal. In one such ruling, a court in the southeastern city of Xiamen ruled that Chinese law protects digital asset owners, which it regards as property.

中国法院还做出了十多项裁决，暗示拥有数字资产并不违法。在一项此类裁决中，东南部城市厦门的一家法院裁定，中国法律保护数字资产所有者，并将其视为财产。