According to ChainCatcher, according to the Legal Network, the People's Court of Yuanjiang City, Hunan Province, recently heard a dispute case caused by the purchase and sale of virtual currency.
In this case, Zhou found his friend Dai, hoping to help him buy the encrypted virtual currency BZZ for investment. Therefore, Dai was entrusted by Zhou to buy BZZ virtual currency from Zheng and sent the virtual currency to Zhou's imtoken wallet. But after a period of time, Zhou sued Zheng in court, demanding the return of the funds of 76,518 yuan for purchasing BZZ virtual currency and payment of capital occupation fees.
After trial, the court held that civil subjects shall not violate legal provisions or public order and good morals when engaging in civil activities. BZZ coin is a network virtual currency similar to Bitcoin. It is not legally enforceable and should not and cannot be circulated and used as currency in the market. Virtual currency-related businesses are illegal financial activities. Citizens participating in virtual currency transactions must bear their own investment risks. The entrusted transactions, management and derivative refunds of BZZ coins between Zhou, Zheng and Dai are currently not protected by law in my country. The consequences of such behavior should be borne by them. Zhou's request for Zheng to return the funds of 76,518 yuan for purchasing BZZ virtual currency and pay the funds occupation fee has no factual and legal basis, so the final judgment dismissed Zhou's lawsuit.
