Ningxia Court Mediates Virtual Currency Entrusted Investment Dispute, Judge Suggests Contracts Related to 2017 or Recognized as Invalid On April 1st, according to a report by The Paper, the People's Court of Xingqing District, Yinchuan City, recently concluded a civil and commercial dispute arising from a commissioned investment in virtual currency. The plaintiff in the case entrusted the funds to the defendant for virtual currency investment, and filed a lawsuit with the court on the grounds of "unjust enrichment" due to the failure to demand the return of the investment funds. After review by the presiding judge, it was determined that this case was actually a contractual relationship of commission, and the litigation risks and legal advantages and disadvantages were explained to both parties. Ultimately, this led to the plaintiff withdrawing the lawsuit against some of the defendants, and the other defendant returning the investment principal. The case was successfully resolved through mediation. The judge also reminded that according to the judicial viewpoint of the Supreme People's Court, the entrusted investment contract signed after the central bank and seven other departments issued a virtual currency risk announcement on September 4, 2017 will be deemed invalid due to illegal agency matters, and investors should carefully evaluate the relevant legal risks.