Typical case of Shandong court applying civil code: at present, the issuance and transaction of digital collectibles are not expressly prohibited by law

On October 13th, Jinan Laiwu District People's Court public number published shandong court civil code application of typical cases 167, digital collectibles legal attributes and the determination of the validity of its trading behavior (yang moumou v. a cultural and creative company sale and purchase contract disputes), the gist of the decision pointed out that the digital collectibles is a kind of network virtual property, China's current issuance of digital collectibles, trading does not have the law explicitly prohibit, between the civil subject of the The digital collectibles transaction behavior, as long as the actor has the corresponding civil behavior ability, meaning true, should be recognized as legal and effective. Digital collectibles both collection and investment dual attributes, contains a high market risk, the buyer to earn digital collectibles secondary market trading price difference for the purpose, should not be recognized as “consumer rights and interests protection law” on the consumer, should bear the corresponding market price fluctuation risk.