The Jingde court in Zhejiang ruled that the virtual currency mining machine sales contract was invalid and required the defendant to return the payment

According to surging news, Zhejiang Jingde Court recently concluded a dispute over the purchase and sale contract of virtual currency mining machines. In April 2021, the plaintiff Hangmou purchased a "mining machine" platform and 64 hard disks from the defendant Chen, with a total value of 429,000 yuan. After paying the full amount, Chen did not deliver the equipment as agreed and only refunded 180,000 yuan.
The court cited the National Development and Reform Commission's "Notice on Regulating Virtual Currency" Mining "Activities in September 2021 and the Central Bank and other departments'" Notice on Further Preventing and Handling the Risk of Hype in Virtual Currency Transactions ", and found that virtual currency-related business activities were illegal financial activities. The court ruled that the mining machine sales contract was invalid because it violated public order and good customs, and asked the defendant to return the remaining 249,000 yuan.
The 2nd-round Moderation Court upheld the original judgment, pointing out that the relevant contract not only violates public order and good customs, but also violates the basic principles of saving resources and protecting the environment.