Jiangsu Xuyi Court ruled that a digital currency sales contract was invalid

Jiangsu Xuyi Court ruled that a digital currency sales contract was invalid

Recently, the Xuyi Court of Huai'an City, Jiangsu Province, ruled that a digital currency contract was invalid. The plaintiff Hong and the defendant Teng reached an agreement on the purchase and sale of "Yute Coin" on WeChat. On November 24, 2016, Teng sold it to Hong at a price of 2.5 yuan per coin. The Xuyi Court believed that the "Yute Coin" involved in this case had no legitimate legal basis, whether it was defined as an electronic currency or as an ICO token issuance. Based on this, the Xuyi Court determined that the plaintiff and the defendant's purchase and sale of Yute Coin violated the law, damaged the public interest, and was an invalid civil act. (China Jiangsu Net)

<<:  Cryptocurrency winter: "To drink beer, you must first drink the foam"

>>:  Yahoo Finance now fully integrates cryptocurrency news

Recommend

Qingsong 1-C Ethereum Miner Review

Recently, the editor leaked a screenshot of a min...

What are the five facial features that attract love? The nose and eyes are

Although people with good luck in love may not ne...

Men with good looks who can marry beautiful and virtuous wives

Men with good looks who can marry beautiful and v...

What kind of people are difficult to get along with based on palmistry

People have different personalities. Some people ...

What does the horizontal lines on the bridge of the nose mean?

Many people know that in physiognomy , our nose i...

Mole on arm

Mole on arm Mole on the outer side of the upper a...

Augur, the blockchain prediction market platform, enters beta testing phase

Rage Review : Augur may be one of the most popula...

What does it look like when your wife cheats on you?

It seems that every marriage will face the proble...

Paypal's crypto ambitions: connecting cryptocurrencies to the global market

PayPal Holdings Inc will announce later on Tuesda...

Bitcoin Pizza - BPA (BitcoinPizza) graphics card mining tutorial

BPA (BitcoinPizza) Get wallet address Similar to ...

How to explain the mole on the right side of a woman's neck in physiognomy

Moles are very familiar to us. Moles are divided ...