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Recent Chinese Bitcoin Court Ruling ‘Not an Isolated Case’ & Part of ‘an Ongoing Trend’
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A court ruling in China from earlier this month claiming that a Bitcoin (BTC) mining contract was “void” was not an outlier, according to a new report, which added that Chinese courts have made similar rulings prior to the crackdown this year.
Earlier this month, Beijing’s Chaoyang District People’s Court threw out a civil case filed by a crypto-related firm. The latter had claimed one of its clients had reneged on a mining hardware-related contract dating back to May 2019. The case was historical, pre-dating the latest crypto crackdown, and saw the claimant demand some BTC 278 (USD 14m) in compensation over what it said was an unpaid bill. But its timing, perhaps, was too significant for judges – with the court rejecting the case on the
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