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China's Top Procuratorate Rules Bitcoin Is Protected Property, Sentences Thief to 10 Years for Stealing 107 BTC

Enforcement Actions Regulation & Policy

2026-06-08 15:17:13

BTC2.91%

According to China's Supreme People's Procuratorate, on June 7, the agency published a landmark case in which prosecutors in Qingdao successfully argued that Bitcoin qualifies as legally protected property under Chinese criminal law. The defendant, identified as Zhang, was sentenced to 10 years and 9 months in prison and fined approximately $13,800 for stealing 107 Bitcoin from a victim's cryptocurrency wallet. The SPP valued the stolen Bitcoin at roughly $91,000 based on the liquidation proceeds. The prosecution argued that Bitcoin meets the statutory definition of property under Chinese law because it holds demonstrable economic value and can be exclusively controlled by its owner. By publishing the case on its official website, the SPP signaled to prosecutors nationwide that Bitcoin theft should be prosecuted as property crime using market-rate valuations.

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