The Chinese government has issued statement It was announced on November 10 that anyone who steals digital collectibles such as non-fungible tokens (NFTs) will be charged with theft.
It outlines three views on the types of crimes committed against digital collections, the first two of which classify them as material or digital property. However, the statement emphasized that the third view, which regards digital collections as data and virtual property, would fall into the category of “common crime.”
The statement explained that stealing digital collections includes intruding into the system in which they are located, and therefore constitutes the crime of illegally obtaining computer information system data and the crime of theft.
“Theft of digital collections violates the protection laws and interests of illegally obtaining data from computer information systems.”
It elaborates on this topic, naming digital collectibles “online virtual property” and emphasizing that “collectibles should be considered property” in the context of criminal law.
“Since property is the target of property crimes, digital collections can obviously also become the targets of property crimes. If digital collections are stolen through system intrusion or other technical means, this behavior also damages property rights law.”
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NFTs were specifically mentioned, establishing the concept that digital collections originate from “foreign” NFTs, which use blockchain technology to “map specific assets” and have the characteristics of “unique, non-replicable, tamper-proof, permanent storage, etc.”
The statement stated that although my country has not yet opened the “secondary circulation market” for digital collections, “consumers can rely on the trading platform to complete operations such as purchase, collection, transfer, and destruction, and achieve exclusive possession, use, and disposal capabilities.”
Although China has officially banned almost all cryptocurrency-related activities and transactions beyond simply owning cryptocurrencies starting in 2021, there has been a lot of buzz surrounding NFTs recently.
A Chinese local media report On October 25, Alibaba’s P2P marketplace Xianyu canceled the review of keywords related to “irreplaceable tokens” and “digital assets” in searches.
Previously, on October 6, China Daily, an English-language newspaper owned by the Chinese government, announced that it hopes to create its own NFT platform and will provide a reward of 2.813 million yuan (US$390,000) to third-party contractors to design an NFT platform. . The platform lives up to its specifications.
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