The Wuxi Intermediate People's Court has dismissed a lawsuit involving a failed investment in 'virtual US dollars.' An individual invested 84,350 yuan on a platform, converting it to 13,000 yuan in platform US dollars. However, after the platform crashed, only 0.1 yuan could be withdrawn. The court found that the investor independently made the decision and failed to comply with necessary registration procedures for overseas investments. Consequently, the investment is not protected under Chinese law, and the investor bears the associated risks.
Wuxi Court Dismisses Case Over Failed 'Virtual US Dollar' Investment
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