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3232Virtual Currency-Based Sale Agreement an Invalid Contract, Chinese Court Rules
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Sat, 18 Jun 2022 04:30:36 +0000https://www.digit.info/2022/06/18/virtual-currency-based-sale-agreement-an-invalid-contract-chinese-court-rules/Read more]]>A virtual currency cannot be circulated in the market as a currency, therefore a vehicle sale contract wherein parties agreed that the buyer would pay with a privately issued digital currency is invalid, a Chinese court has ruled. The court asserts that a virtual currency does not have the same legal status as national fiat […]
A virtual currency cannot be circulated in the market as a currency, therefore a vehicle sale contract wherein parties agreed that the buyer would pay with a privately issued digital currency is invalid, a Chinese court has ruled. The court asserts that a virtual currency does not have the same legal status as national fiat […]