Chinese court rules cryptocurrency investment contract invalid
On February 21st, according to Man Kwan: Recently, the High Court of Jiangsu Province issued a typical case involving foreign affairs. In the case, a Singaporean investor collaborated with a Chinese citizen to invest in cryptocurrency. The court ruled the contract as "invalid, risk borne by oneself", and the Singaporean investor's millions of principal were lost. The Chinese court directly ruled the contract as invalid, with the reason being: cryptocurrency investment in China is considered as illegal financial activity, violating public order and good customs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitwise Secures $70M From Top Investors: Aureal One, DexBoss, and Three Other Top Crypto Coins Are Set to Skyrocket!

UK to introduce new bill to expand powers to seize cryptocurrencies
Cyvers: Mask Network founder suspected of being stolen, losing nearly $4 million
Director of the U.S. National Economic Council: A tariff research report will be released on April 1
Trending news
MoreCrypto prices
More








