Recently, digital assets represented by bitcoin have soared all the way, and blockchain and digital assets have once again become public topics. So the question comes, are digital assets protected by law in China?

Before the publication of the draft general provisions of civil law, there has been a lack of relevant laws on digital assets in China, and disputes about virtual property emerge one after another. Digital asset cases have been shelved due to difficulties in obtaining evidence, vague legal provisions and other reasons, such as the theft of network accounts, so that the rights and interests of users can not be protected.

As early as 2016, the 21st session of the 12th NPC Standing Committee was held in Beijing. At the meeting, a motion on the general provisions of the civil law of the people's Republic of China (Draft) submitted by the chairman of the Standing Committee of the National People's Congress was deliberated for the first time. As well as earlier, in the notice on preventing bitcoin risks issued by the central bank in 2013, it also clarified the nature of digital assets and recognized that bitcoin trading is a commodity trading behavior on the Internet, and ordinary people have the freedom to participate.
(2021-4-3)