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 and hoped to help him buy BZZ, an encrypted virtual currency, for investment. Therefore, Dai, entrusted by Zhou, bought BZZ virtual currency from Zheng and sent the virtual currency to Zhou's imtoken wallet. But after a while, Zhou sued Zheng in court, demanding the return of 76,518 yuan of funds used to buy 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 capital occupation fee has no factual and legal basis, so the final judgment dismissed Zhou's lawsuit.