Beijing court rules bitcoin mining contracts ‘invalid’, advises local governments to shut down remaining farms

Source: China – South China Morning PostA court in Beijing has rejected a lawsuit seeking monetary damages from a blockchain firm after its client failed to make money on bitcoin mining, in a case that suggests China’s judicial system has no intention of recognising and protecting cryptocurrency-related interests.In the first such case tried in China’s capital city, the Chaoyang District People’s Court said on Wednesday that the contracts were “invalid”, according to reports by various state-run media, including Xinhua News Agency…Read More

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