China News Today TheBitTimes.com

Author：0xMingyue Editor：Colin Wu 1. The Mainland of China’s Weekly Summary 1.1 People’s Court Publication Features Article on “Recognition of the Property Nature of Virtual Currency and Issues of Handling Assets Involved in Cases” link On September 1st, an article titled ‘Recognition of the Property Nature of Virtual Currency and Issues Related to the Disposal of Property Involved in Cases’ was published in the People’s Court Daily. The authors, Wang Zhongyi and Yang Conghui, from the Siming District People’s Court in Xiamen, Fujian Province, contend that virtual currency falls within the legal definition of property under criminal law and is considered legitimate assets. They argue that unless such assets are used for illegal activities or directly originate from unlawful actions, the property rights and interests of virtual currency holders should be protected. The authors further assert that existing legal policies do not categorize virtual currencies as illegal goods. In cases inv...

Author：Lily Editor：Colin Wu 1. Russia’s weekly summary 1.1 TheBlock uncovers “airdrop hunters” from Russia link A pseudonymous Russian crypto user called Auri says they’ve tried to farm between 10–20 projects with potential airdrops. They focus on the larger potential projects, reckoning that smaller ones are more likely to hunt out and remove airdrop farmers. They named Scroll, zkSync, Fuel and StarkNet as projects they’ve targeted. They said they do all of the transactions manually and use centralized exchanges to distribute the funds to wallets without connecting them. That and speaking with other farmers about the best strategies. 1.2 Bybit bans 29 accounts using Russian emails allegedly involved in SUI IEO link On May 4, according to a blogger’s post, Bybit has banned 29 out of 30 accounts that participated in the SUI IEO using independent IP addresses and Russian emails. Due to the SUI IEO, a large number of “airdrop hunters” have also participated in OK and KuCoin. Earlier, a b...