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A Shanghai court has ruled that Bitcoin and other cryptocurrencies are legal property for individuals in China, marking a significant shift in the country's regulatory stance on digital assets. Judge Sun Jie stated that personal ownership of cryptocurrencies is not illegal under Chinese law, providing much-needed clarity for crypto holders. This ruling comes amid a backdrop of stringent regulations that have previously targeted cryptocurrency activities, including bans on initial coin offerings (ICOs) and restrictions on trading. While the court's decision allows individuals to hold Bitcoin legally, it maintains prohibitions on commercial token issuance and investments, reflecting the government's ongoing focus on financial stability. The ruling is seen as a step towards regulatory clarity in a market that has faced significant scrutiny in recent years.