China’s Supreme People’s Court appears to have rendered sufficient judgment.An unfortunate offshoot of the rapid development of virtual currencies is the rise in cybercrime. it’s now Highlights the need for comprehensive legislation regarding digital currencies and virtual assets.
Countries around the world, including China, are adapting their laws to respond to these developments, and China’s Supreme People’s Court has published a journal, “Digital Rule of Law,” highlighting the need to improve laws regarding digital transactions and virtual assets.
Does China’s Supreme Court have a digital currency law?
The Supreme People’s Court has published “Digital Rule of Law” No. 6. 2025, In it, the court emphasized the importance of improving the rule of law regarding digital transactions and virtual assets.
This journal is organized by People’s Court Press and addresses the key challenges in creating a legal framework that can accommodate blockchain technology and digital currencies.
Perhaps the most important update from this publication is the amendment to the Commercial Code regarding digital transactions, which could technically allow Chinese nationals to seek legal recourse in cases involving digital assets. Other areas of digital law covered in this document include online criminal proceedings, data protection, artificial intelligence regulation, and copyright protection of AI-generated content.
of journal It mentions creating “controllable electronic records” as a new property class to improve China’s civil and commercial regulations.
One article discusses how the United States will amend its commercial law in 2022 to improve the handling of electronic contracts, electronic currencies, and virtual assets based on distributed ledger technology, and how these international developments may impact China’s own approach to digital commerce law.
Chinese courts also apply the concepts of fairness and integrity to regulate market conduct. The revised Unfair Competition Prevention Act came into effect on October 15th. 2025, We specifically prohibit the unauthorized collection or use of lawfully held data.
Does China need a digital currency law?
China currently has Completely prohibited Mining of cryptocurrencies, use and distribution of cryptocurrencies in the market as currency, public offering, trading, I guess. The country’s only legal digital currency is its own digital renminbi issued by the People’s Bank of China.
Chinese courts have consistently recognized virtual currencies as virtual property with economic value that is eligible for protection under Chinese law. However, virtual currency transactions that violate public order and morals will be invalid. This contradiction creates a legal gray area where people can own digital assets as property but cannot legally trade them.
The Supreme People’s Court recognized as follows: Cryptocurrency related incidents As the frequency has increased, in November 2025, He emphasized the need to address these new issues, such as virtual currency procedures related to litigation.
Also in November, a special court called the Internet Court was designated to handle disputes involving data ownership, privacy, virtual property, and unfair online competition.
in august 2024, The Supreme People’s Court and the Supreme People’s Procuratorate amended China’s Anti-Money Laundering Law for the first time since 2007. In the directive, the law announced that transactions in “virtual assets” fall under the category of money laundering.
One year later in August 2025, The Supreme People’s Court announced the 47th Guidance Case to set a precedent for judicial protection of data rights in China.
Six of the announced lawsuits focused specifically on data-related disputes. They address recurring disputes and try to satisfy the interests of data owners. processor, And users.
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