logo

Ningxia court mediates disputes over virtual currency entrusted investment, judges remind that contracts related to this may be deemed invalid after 2017

By: rootdata|2026/04/01 18:42:01
0
Share
copy
supremesupreme

According to reports from The Paper, the People's Court of Xingqing District in Yinchuan City recently concluded a civil and commercial dispute arising from entrusted investment in virtual currency. In the case, the plaintiff entrusted funds to the defendant for virtual currency investment, and after failing to recover the investment amount, filed a lawsuit in court on the grounds of "unjust enrichment."

After reviewing the case, the presiding judge determined that it was indeed a contractual relationship of entrustment and clarified the litigation risks and legal pros and cons to both parties, ultimately facilitating the plaintiff's withdrawal of the lawsuit against some defendants, with another defendant returning the principal investment. The case was successfully resolved through mediation.

The judge also reminded that according to the judicial viewpoint of the Supreme People's Court, entrusted investment contracts signed after the central bank and seven other departments issued a risk announcement on virtual currency on September 4, 2017, will be deemed invalid due to illegal agency matters, and investors should carefully assess the relevant legal risks.

-- Price

--

You may also like

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.
The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Contents

Popular coins

Latest Crypto News

18:42

Trader: The bottom of the Bitcoin bear market is $40,740 or $42,680

Quantitative trader Killa shared his comparison of the Bitcoin bear market bottom on platform X. He stated that the bottom should be at $38,800, considering a deviation of about 5%, the bottom could be $40,740 or $42,680.Killa previously used models (cyclical decay analysis, pattern analysis, mathem...
18:42

Bitcoin Quantum Security Crisis: 6.9 million BTC exposed to risk, governance challenges hinder response progress

According to CoinDesk, while quantum computers cannot disrupt the Bitcoin mining mechanism or the blockchain ledger, they may potentially crack the elliptic curve encryption system that protects wallet ownership through Shor's algorithm. Currently, about 6.9 million BTC (approximately one-third of t...
18:42

Data: If BTC breaks through 81,596 USD, the cumulative short liquidation intensity on major CEX will reach 1.315 billion USD

According to Coinglass data, if BTC breaks through $81,596, the cumulative short liquidation intensity on mainstream CEX will reach $1.315 billion. Conversely, if BTC falls below $74,236, the cumulative long liquidation intensity on mainstream CEX will reach $1.168 billion.
18:42

Data: If ETH breaks through 2,424 USD, the cumulative short liquidation intensity on mainstream CEX will reach 761 million USD

According to Coinglass data, if ETH breaks through $2,424, the cumulative short liquidation intensity on mainstream CEX will reach $761 million. Conversely, if ETH falls below $2,211, the cumulative long liquidation intensity on mainstream CEX will reach $689 million.
17:42

FF team address transfers 13 million dollars worth of tokens to the new wallet

According to monitoring by onchainschool.pro, the FF team address (0xeF6...7071) transferred tokens worth $13 million to a new wallet, which will then distribute to other participants or fund wallets. This is the largest transfer record for the project to date.An hour ago, approximately $1,000,000 w...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com