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Fujian Court Dismisses Cryptocurrency Dispute, Emphasizes Legal Risks in Virtual Currency Transactions

2 months ago
1 min read
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Recent Ruling by Ma Wei Court

In a recent ruling, the Ma Wei Court in Fujian, China, addressed a case centered around the trading of virtual currency, revealing significant implications for investors in the sector.

The Dispute

The case involved a dispute between two individuals, Sui and Ye, which originated from an online transaction involving a purchase of virtual currency earlier this year in April.

Transaction Details

Sui initiated the acquisition by offering 18,000 yuan through Alipay to Ye at a rate of 7.6 yuan per unit, resulting in a total of 2368.42 units being exchanged.

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