They call it keeping up with the changing times.

Bitcoin is about to go legal in China. According to reports, the Chinese government is planning on having a set of laws that will offer digital currencies such as the popular bitcoin a “legal status” in the country.

The new draft law, released as part of the People’s Republic of China General Principles of Civil Law, aims to consider cryptocurrencies as properties “almost on par with physical and financial assets,” meaning they will be under the scope of the civil rights related to property in general.

Digital currencies don’t have a legal status in China, although experts have been attributing the recent surge in the price of bitcoin to the hearty demand from the Chinese market due to fears of Chinese yuan devaluation. In May, the digital currency to hit $500—a value not seen since September 2014—in two of China’s largest bitcoin exchanges, OKCoin and Huobi, and analysts believe trades involving the yuan account for about 95 percent of the current bitcoin trading volume this year.