TechFlow, on May 23, according to Southeast Net, the Mawei Court in Fujian recently concluded a dispute case involving virtual currency transactions. A man surnamed Sui paid 18,000 yuan to an individual named Ye to purchase virtual currency but later filed a lawsuit seeking full refund after a dispute arose. The court rejected the claim, ruling that virtual currencies do not hold legal tender status in China, such transactions violate public order and good customs, and are therefore not protected by law; investment risks must be borne by the investor.
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