BlockBeats News: On May 23rd, according to Southeast Net, the Mawei Court in Fujian, China recently concluded a dispute over unjust enrichment caused by trading virtual currencies.
In April 2024, a man named Sui contacted a man named Ye on a certain platform and expressed his desire to purchase virtual currency. After Ye agreed, Sui paid 18000 yuan to Ye through his Alipay account that day. Ye sold to Sui at a price of 7.6 yuan per virtual currency, with a total transaction quantity of 2368.42 virtual currencies. Afterwards, there was a dispute between the two parties over the purchase of virtual currency. Sui sued Ye to the Mawei Court, demanding that he return the unjust gains of 18000 yuan.
Recently, the Mawei Court ruled that at the current stage in China, online virtual currencies do not have the same legal status as legal tender and cannot and should not be used as currency in the market. Citizens investing in and trading virtual currencies have disrupted the country's financial management order and constituted a violation of public order and good customs, and are not protected by law.
In this case, Mr. Sui managed money through Mr. Ye's investment in virtual currency on the Internet platform. His behavior does not belong to the scope of civil law adjustment and protection in China, and the consequences should be borne by Mr. Sui himself. Sui's request for Ye to return the unjust gains of 18000 yuan lacks factual and legal basis and cannot be supported. According to Article 8 and Article 153 of the Civil Code of the People's Republic of China, the plaintiff Sui's lawsuit request is rejected. The verdict has now come into effect.
Many people are tempted by the so-called 'high returns' of virtual currencies, but they overlook the legal risks and security risks behind them. The judge reminds investors to raise their risk awareness, choose legal, compliant, and stable investment channels, and not participate in the' dangerous game on the edge of the legal red line 'of virtual currency trading.
