Guangzhou Court Analyzes Legal Protection for Virtual Assets

According to PANews, the Guangzhou Internet Court recently held a press conference to discuss civil judicial protection for virtual assets and released a report titled "Research Analysis on the Legal Nature and Civil Judicial Protection Path of Network Virtual Assets." The report categorizes existing virtual assets into two types: real-world mapped virtual assets and network-constructed virtual assets. It clarifies that investment and financing activities that undermine the status of legal currency are not protected by law, and losses from illegal virtual currency transactions must be borne by the investors themselves.