Proposed law in China would extend consumer protections to Bitcoin, viritual goods

A new law proposed in China would extend consumer protections usually associated with physical assets to virtual properties, including Bitcoin for the first time.
The draft law, a proposed new Civil Code General Provision, is said to have been created to keep up with a changing global economic landscape and would treat Bitcoin and other cryptocurrencies, online gaming tokens and general data-based information almost on par with physical and financial assets, thereby bringing them under the purview of Civil rights that are applicable to property in general, NewsBTC reported.

This post was published at Silicon Angle on Jun 28, 2016.