Chinese microchip company says it’s now accepting Bitcoin as payment 

Shares in China-based crypto mining chip designer Nano Labs rose slightly after announcing it is now accepting Bitcoin as payment for its goods and services through a business account on Coinbase.

In a Nov. 11

A few days earlier, a Shanghai Intermediate People’s Court in China recognized Bitcoin as a unique and non-replicable digital asset and acknowledged its scarcity and inherent value in a Sept. 25. report. Another Chinese court came to a similar conclusion on Sept. 1. 

Earlier this year, Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), also approved the first spot Bitcoin and Ether (ETH) ETFs on April 24.

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