A recent judgment from the #Hangzhou Internet Court stated that digital collectibles in China could enjoy #protection under extant property laws, given their value, scarcity, tradability, and controllability characteristics.

the #Global Times rreport stated that e-CNY given away by the #Hangzhou city government for the New Year celebrations was taken up by residents within nine seconds.

A Feb. 1 China Daily report said #Hangzhou issued each resident a $12 (80 yuan) e-CNY #voucher on Jan. 16 with the total giveaway costing the city around $590,000, or 4 million yuan.