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Due to the improper gains dispute arising from trading Virtual Money, the court ruled that the plaintiff shall bear the losses themselves.
On May 23, according to a report by Southeast.com, recently, the Mawei Court in Fujian, China, concluded a dispute over unjust enrichment caused by the transaction of virtual currency. In April 2024, the man Sui got in touch with the man Ye on a certain platform and proposed to buy virtual currency. After Ye agreed, Sui paid 18,000 yuan to Ye through his Alipay account on the same day. Ye sold it to Sui at a price of 7.6 yuan per virtual currency, and the total number of transactions was 2,368.42 virtual currency. After that, a dispute arose between the two parties over the purchase of virtual currency, and Sui sued Ye to the Mawei Court, demanding that he return the unjust enrichment of 18,000 yuan. Recently, the Mawei Court held that at the current stage of China, online virtual currency does not have the same legal status as legal tender, and cannot and should not be used as currency in the market, and citizens invest and trade virtual currency, which undermines the country's financial management order, and has constituted a violation of public order and good customs, and is not protected by law. In this case, Sui invested in virtual currency through Ye on the Internet platform for financial management, and his behavior did not fall within the scope of adjustment and protection of China's civil law, and the consequences should be borne by Sui. Sui's request for Ye to return 18,000 yuan of unjust enrichment lacked factual and legal basis and was not supported. In accordance with articles 8 and 153 of the Civil Code of the People's Republic of China, the judgment rejected plaintiff Sui's litigation claims. The verdict is now in force. "Many people are tempted by the so-called 'high returns' of virtual currencies, but ignore the legal risks and security risks behind them." The judge reminded investors to raise their awareness of risks, choose legal, compliant and stable investment channels, and not to participate in the "dangerous game on the edge of the legal red line" of virtual currency trading.