TechFlow news, on September 6, the WeChat official account of Wuxi Intermediate People's Court disclosed a case involving "virtual US dollars." The party involved entrusted someone else to invest 84,350 yuan on a certain platform in exchange for 13,000 platform USD. However, the platform suddenly crashed, showing that only 0.1 yuan RMB could be withdrawn. Upon investigation, the currency exchanged on behalf of the party was virtual US dollars from the platform, representing an investment decision made autonomously by the individual. Furthermore, the account credentials for the platform were under the individual's own control. In this case, the party failed to complete the required registration procedures as stipulated when making investments on an overseas platform. Therefore, such investment activities are not protected under Chinese law, and the associated investment risks must be borne by the individual. The court rejected the party's litigation claims.
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