In accordance with Coincu, the Tongling Intermediate People’s Court in Anhui dismissed Mr. Ding’s unjust enrichment claim in a Tether transaction with Mr. Wu, citing the invalidity of cryptocurrency trades in China. The ruling reaffirms China’s legal stance against recognizing cryptocurrency transactions, with no reported impact on global markets.
Anhui Court Dismisses Cryptocurrency Unjust Enrichment Claim
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