Sony Argues in Court That Digital Games Can't Be Owned
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Starting October 1st, South Korea will introduce civil seizure rules for crypto assets, allowing courts to directly freeze, transfer, and dispose of digital assets through local crypto exchage.
PANews reported on July 6 that, according to Solid Intel, South Korea will introduce civil seizure rules for crypto assets starting October 1, allowing courts to directly freeze, transfer, and dispose of digital assets through local crypto exchage.
Digital China: Wins bid for a Huawei intelligent computing server procurement project from a major state-owned bank, with an estimated value of 371 million yuan.
Mars Finance reported on July 3 that Digital China (000034.SZ) announced that its subsidiary, Beijing Shenzhou Kuntai Information Technology Co., Ltd., won a Huawei intelligent computing server procurement project for a large state-owned commercial bank. The estimated procurement amount is 371 million yuan (subject to actual settlement). The project will supply Shenzhou Kuntai supernode servers. If successfully implemented, it will have a positive impact on the company's information technology application innovation business and overall operating performance. Currently, a formal contract has not yet been signed, and there is some uncertainty. (Company Announcement)
Crypto advocacy groups oppose Illinois digital asset tax in court
Following a similar lawsuit filed by the Digital Chamber in July, two digital asset advocacy groups challenged Illinois’ 0.2% crypto tax on constitutional and due process grounds.
Crypto lobbying group Digital Chamber has submitted an amicus brief opposing Satoshi Nakamoto's claim to ownership of Bitcoin.
PANews reported on July 7th that Galaxy Research stated on its X platform that the US cryptocurrency lobbying group Digital Chamber has filed its second amicus brief with the New York State Supreme Court. This brief opposes an ownership claim made by an anonymous plaintiff using the pseudonym "Noah Doe." Previously, Noah Doe and other anonymous plaintiffs sought New York court confirmation that they owned 39,069 long-dormant Bitcoin addresses and their assets, arguing that these wallets constituted "abandoned property."
The Supreme Court of South Korea seeks public comment on rules for civil enforcement of virtual assets.
PANews reported on July 6th that, according to Digital Asset, the South Korean Supreme Court issued a legislative notice on July 2nd regarding partial amendments to the Civil Enforcement Rules, establishing regulations for the enforcement of civil judgments related to virtual assets. Following a public consultation, the amendments will take effect on October 1st. The amendments cover the enforcement and realization of claims for the transfer of digital assets, as well as the enforcement and realization of the digital assets themselves. Once a court seizure order takes effect, third-party debtors are prohibited from transferring assets to the debtor, and the debtor is also prohibited from disposing of related rights. The seizing creditor can apply to the court to require the third-party debtor to state whether they acknowledge the claim and its specific details. Seized assets can be realized through transfer or sale orders. Sales can be conducted through entrusting virtual asset businesses, transferring assets to an enforcement officer's account before sale, or exchanging them for easily liquidated digital assets before sale.
Digital China: Subsidiary pre-selected as winner of bid for domestic intelligent computing token factory project, with a bid price of 717 million yuan.
According to Mars Finance, Digital China (000034.SZ) announced that its wholly-owned subsidiary, Shanghai Digital China Co., Ltd., has been selected as the first-ranked candidate for the "Domestic Intelligent Computing Token Factory Project," with a bid of 717 million yuan. The products supplied in the pre-selected project are Digital China Kuntai supernode products. This pre-selection represents a breakthrough for the company in the field of domestic AI intelligent computing, deepening its strategic layout in the domestic intelligent computing sector. If the project is successfully won and implemented, it is expected to have a positive impact on the company's future operating performance. (Cailian Press)