Supreme Court: Will Research and Formulate Adjudication Rules for Virtual Currency Cases, and Promote Judicial Protection of AI and Data Rights

BlockBeats News, May 27th - At the State Council Information Office's press conference on the theme of "Advancing the Rule of Law," Liu Guixiang, Vice Ministerial-level Full-time Member of the Judicial Committee of the Supreme People's Court, stated that the people's courts will conduct in-depth research on new types of cases involving virtual currency and cross-border finance. They will promptly formulate judicial interpretations on civil compensation for insider trading and market manipulation to safeguard the stable operation of the capital market and protect the legitimate rights and interests of small and medium-sized investors.

In addition, the Supreme Court also mentioned that it will develop normative documents for cases involving new digital economy formats, focusing on studying and formulating rules for AI-related cases and judicial protection of data ownership, data transactions, AI-generated content, and other aspects.