China’s Top Court Studies New Rules for Crypto and AI Cases

China’s Supreme People’s Court (SPC) plans to study new legal rules for handling cases involving cryptocurrency, artificial intelligence, and cross-border finance. The move is aimed at improving how courts decide disputes tied to the country’s growing digital economy.

During a recent press conference, Judicial Committee member Liu Guixiang said the court will research adjudication standards for virtual currency and cross border financial cases. The SPC also plans to develop judicial interpretations for civil compensation cases linked to insider trading and market manipulation.

New Focus on AI and Data Rights

The court will also examine legal protections involving artificial intelligence, including disputes over data ownership, data transactions, and AI-generated content. The goal is to create clearer standards for handling legal conflicts involving new technologies.

China Maintains Strict Crypto Ban

Despite studying crypto related court rules, China’s ban on cryptocurrency remains unchanged. Authorities prohibited all crypto transactions, mining activities, and ICO-related operations in 2021.

China Expands Digital Yuan Strategy

Earlier this year, regulators also restricted unauthorized yuan-backed stablecoins and tokenized assets, while continuing to push development of the country’s digital yuan, a state-controlled central bank digital currency.