Huo Xiaolu disclosed that the defendant He was sentenced to three years in prison and a fine of 5 million yuan by the People’s Court of Yubei District, Chongqing for the crime of illegal business operation because he illegally engaged in fund payment and settlement business on a virtual currency trading platform and earned the price difference to make a profit. After trial, the First Intermediate People’s Court of Chongqing recently ruled to dismiss the appeal and uphold the original verdict. Huo Xiaolu said that Chongqing has always been relatively radical in handling currency-related cases, and it is expected that many places will follow suit in the above case.