Virtual currency repayment ruled invalid, debt still needs to be repaid!
Defendants Zhang San and Li Si are a couple. In July 2020, Zhang San borrowed 10,000 from A without Li Si's knowledge. In May 2022, the couple borrowed 50,000 from A together, after which Li Si repaid 40,000. Strangely, Zhang San used virtual currency from the 'TR Foreign Currency Platform' to repay the remaining 20,000, which was shut down by the police due to involvement in virtual currency network pyramid schemes. Zhang San thought the debt was cleared, but A did not recognize it, leading to a court case.
The court made a decisive ruling: virtual currency does not have the status of legal tender and cannot be used to repay debts. Zhang San's action was a violation, and the repayment was invalid, meaning he still had to continue repaying! Furthermore, regarding spousal debts, there is no evidence that the 10,000 in 2020 was used for the couple's living expenses, so Li Si does not need to worry; the 50,000 loan in 2022 was acknowledged by Li Si, who was present and made repayments, thus it is considered a joint debt that both must bear.
In the end, the court ordered Zhang San to repay 10,000 plus interest, and both Zhang San and Li Si to jointly repay another 10,000 plus interest. Both parties accepted the ruling, and the judgment has taken effect. We should be mindful when borrowing money to clarify its purpose and keep good evidence; avoid virtual currency, and ensure that both receiving and repaying money is legal and compliant, otherwise, the loss will be borne by oneself.
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