A formal court ruling in China finds the acceptance and or transfer of Bitcoin does not violate Chinese law. Last years' report of a complete ban in China was either inaccurate or an overreaction by government officials. Either way, the Chinese government is now on record, through their judicial system, confirming that the use of Bitcoin is legal in China. Another government has formally recognized Bitcoin as a medium of value. It can only help to promote wider adoption of cryptocurrency as a medium of exchange. What a difference a year makes. HODL everybody!!!
https://www.ccn.com/chinas-merchants-are-legally-allowed-to-accept-bitcoin-and-crypto/
Considering how big China is, this is fucking amazing news for cryptos.
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Amen, brother!
Totally who needs an sec commission to come up with an agreement when we have china !
Continue to hear great news form China
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