Blockchain Report on Nostr: Yinchuan City's Xingqing District People's Court recently disclosed a case involving ...

Yinchuan City's Xingqing District People's Court recently disclosed a case involving a dispute over virtual currency entrusted investment. The plaintiff had entrusted funds to another party for virtual currency investment and had initially received dividends. However, when the plaintiff urgently needed funds and requested the return of their principal, the request was unsuccessful, leading to a lawsuit. Through judicial mediation, one of the defendants ultimately returned the investment principal, and a settlement was reached. The court also issued a reminder that, according to relevant judicial interpretations, if a virtual currency entrusted investment contract was signed after the "September 4th Notice" in 2017, the contract may be deemed invalid by the People's Court due to the illegality of the agency matter. In such cases, the losses will be shared according to the degree of fault of each party.

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