If someone told you that virtual currency can be used for both investment and debt repayment, would you believe it? What seemed like a natural operation was completely overturned by a lawsuit! After the court hearing, the investor found that: **virtual currency not only failed to help him make money, but even the principal became a pending case!** Do you know what this means? Your investment may also face the same legal risks! Don't worry, let's uncover the truth through this case! 👇

🕵️‍♂️ Case review: From investment to court, a dramatic reversal!

In 2020, Yang eagerly transferred 78,000 yuan via WeChat to his friend Xie, asking him to purchase virtual currency on a certain platform and hold it on his behalf. Years later, Yang suddenly requested to withdraw his investment and hoped Xie would return the money.

Xie immediately took action, transferring 3,000 virtual currencies to Yang's 'wallet address', claiming, 'the rest will be settled later.' But the problem arose: Xie only returned 57,000 yuan in cash, insisting on using virtual currency to offset the remaining 21,000 yuan!

"Isn't virtual currency just money?" Xie thought so, but Yang disagreed: "Virtual currency is not legal tender, how can it be counted as money?"

The two eventually went to court, Xie demanded Yang return the virtual currency or repay according to its value, but the court's judgment left him dumbfounded!

The court clearly pointed out: virtual currency does not have the attributes of legal tender and cannot be used as a legitimate debt repayment tool in the market!

The reason is simple:
1️⃣ Virtual currency has no legal repayment capability and cannot be directly exchanged for RMB;
2️⃣ Yang and Xie did not reach a consensus on the debt repayment amount using virtual currency;
3️⃣ The legal position is very clear: virtual currency is just a 'digital asset', its market volatility and legal attributes are unstable, and it cannot be treated as cash.

In the end, the court rejected Xie's lawsuit request, and the second trial upheld the original judgment.

💡 Business analysis: What investment traps are hidden in this case?

1. The 'pseudo-money' property of virtual currency

Although virtual currency can be traded in the market, it is not 'real money'! Legal tender has government backing and stable circulation, while the value of virtual currency relies entirely on market fluctuations; a sudden surge can lead to wealth, while a sudden drop can lead to zero!

2. The legal risks of investment cannot be ignored

In this case, Xie attempted to convert virtual currency into cash for debt repayment, but due to unclear legal status, he instead lost the tool that should have 'protected his rights'.

3. Debt cannot be equated with virtual currency

Investors often think that virtual currency can be directly converted into cash for repayment, but at the legal level, its 'currency status' has not been recognized. Once a dispute occurs, even with 'digital assets', one may not be able to protect their principal.

💰 1. Do not easily use virtual currency to replace cash transactions!
Virtual currency can be invested, but it is not legal tender; using it for debt repayment, trading, etc., lacks legal protection!

📜 2. Investment agreements must clearly specify asset disposal methods!
Before investing, be sure to clarify through a written agreement: **How to convert virtual currency into cash? How to protect the principal?** Otherwise, once a dispute arises, protecting your rights will become increasingly difficult!

⚡ 3. Treat virtual currency investment rationally!
The virtual currency market is highly volatile; investors should remain vigilant and not invest all assets into high-risk areas.

Conclusion: Virtual currency, wealth or trap?

This case shows that while virtual currency is an attractive new investment tool, its legal attributes and risks cannot be ignored. For investors, the key is rational understanding and legal operation, avoiding being blinded by 'temptations of high profits'.

⚠️ Final reminder: Investment has risks, enter the market with caution! The only way to protect yourself is to understand risks in advance and take precautions! 👊