Guangzhou court announced a case involving Bitcoin lending In this case, the court clearly stated that since Bitcoin is prohibited from circulating in China, it has no market price or legal pricing mechanism, and no basis for valuation. However, losses should be recognized based on the cost price of acquiring Bitcoin. In other words, if you bought digital currency at a high price and lent it to someone who doesn’t return it, the court will require the other party to compensate you based on your actual purchase price