bitcoin investor sues huobi over ¥four hundred,000 in losses a bitcoin investor sued the huobi change to recover four hundred,000 yuan he misplaced at the same time as trading
too much stress trading bitcoin
wang tieliang filed a lawsuit in opposition to huobi and its companions in beijing to invalidate his bitcoin trades on the change. in line with wang, he deposited 1.four million yuan at huobi to invest on bitcoin in october of 2016. but within a few months, he couldn’t take care of the strain to peer himself losing money, and cashed out once and for all.
the plaintiff informed the courtroom that his trades at huobi need to be invalidated because bitcoin doesn’t exist:
nother two beijing-based totally corporations pleaded that they only help huobi receive customers’ deposits. as such, they've not anything to do with wang’s losses.
the courtroom judgement
the human beings’s courtroom of haidian district, beijing disregarded the lawsuit, announcing buyers have to be liable for their own losses. the courtroom judgement defined:
the courtroom choose mentioned that bitcoin isn't a commodity. it has little need price. the pboc has no right to define bitcoin as a digital commodity. and huobi has no right to alternate bitcoin. it could simplest provide change services.
what do you think of the lawsuit? do you accept as true with the choose? go away your thoughts under.
photographs thru shutterstock, china judgement on line