GM Brew Crew, it’s Saturday, American football is back, and the sun is shining. Leave it all out there on the field today lads. Let’s dive in ⬇️

On the menu today:

• 🇨🇳 CHINA COURT DECLARES DIGITAL ASSETS AS LEGAL PROPERTIES

• 👀 CRYPTO FIRM LAUNCHES HONG KONG FUND

• 😮 ROBINHOOD BUYS BACK SHARES FROM SBF

Today’s Charts:

🇨🇳 CHINA COURT DECLARES DIGITAL ASSETS AS LEGAL PROPERTIES

A People's Court in China has released a report examining the legal status of digital assets and their property rights under current law.

Despite China's 2021 ban on crypto, Chinese courts have consistently recognized the property rights of digital asset holders.

The People's Courts in China operate independently and handle various types of cases, including criminal, civil, administrative, and economic disputes.

The Court’s report acknowledges that virtual assets possess economic attributes and should be legally classified as property.

While foreign digital assets are considered illegal in China due to the blanket ban, the report argues that digital assets owned by individuals should be considered legal and protected by existing policies.

A nice little thread below to understand what’s going on ⬇️

👀 CRYPTO FIRM LAUNCHES HONG KONG FUND