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Hannah Collymore

China's Supreme People’s Court presses for fuller digital currency and virtual asset laws in 2025

On December 29 2025, China’s Supreme People’s Court used the sixth 2025 edition of its "Digital Rule of Law" journal to call for stronger legal frameworks for digital transactions and virtual assets. The publication reviews foreign approaches, including U.S. commercial law reforms, and proposes new categories such as "controllable electronic records" while China maintains a blanket ban on private cryptoassets and promotes the digital yuan. Recent moves since 2024 have also expanded anti-money laundering rules to virtual asset transactions, updated unfair competition law, and created internet courts to handle data and virtual property disputes.
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