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
Could Ethereum’s Prices Echo 2016-18 Cycle? – Anticipating Record Highs by 2025
Exploring the Potential of a New All-Time High for ETH through Analyst Predictions and Network Activity Trends by 2025

Understanding Ethereum’s Recent Divergence and How It Impacts ETH Price Recovery Possibilities
Potential Reversal Looms: How Traders' Uncertainty Could Impact Ethereum's Price Bounce Back

Blockchain Association Urges Congress to Repeal IRS DeFi Broker Rule

Shiba Inu Price Faces Bearish Trends Amid 79% Decline in Whale Moves

Trending news
MoreCrypto prices
More








