Deep Tide TechFlow News: On March 18, according to The Paper, the Zhangqiu District Court heard a case involving a dispute over entrusted investment in virtual currency. Liu entrusted Zhang to purchase Alpha Coin, but due to the platform being suspected of criminal activity, no refund could be made. Liu sued Zhang for the return of investment funds. The court ruled that virtual currency investment activities disrupt financial order, the relevant entrusted contract is invalid, and investment losses are not protected by law, dismissing Liu's claims. The judge pointed out that according to regulations from the People's Bank of China and other departments, virtual currency-related business constitutes illegal financial activities. Once losses occur, investors must bear them themselves. The court urges the public to stay away from virtual currency trading and speculation.
Deep Tide TechFlow News: On March 18, according to The Paper, the Zhangqiu District Court heard a case involving a dispute over entrusted investment in virtual currency. Liu entrusted Zhang to purchase Alpha Coin, but due to the platform being suspected of criminal activity, no refund could be made. Liu sued Zhang for the return of investment funds. The court ruled that virtual currency investment activities disrupt financial order, the relevant entrusted contract is invalid, and investment losses are not protected by law, dismissing Liu's claims. The judge pointed out that according to regulations from the People's Bank of China and other departments, virtual currency-related business constitutes illegal financial activities. Once losses occur, investors must bear them themselves. The court urges the public to stay away from virtual currency trading and speculation.