[2017-12-19]Beijing Court Rejected 52 BTC Compensation Lawsuit Against Huobi

[hl5460]

Bitcoin has been around for almost 9 years but the relevant laws and regulations are still absent. In most country, Bitcoin has been ruled out as fiats but its tight connection to fiats gives rise to quite a number of disputes. A few days ago, Beijng Haidian court concluded a case that Bitcoin players claiming compensation of 52.8567 BTC and 815.9731 LTC from Huobi. The court rejected that the plaintiff’s complaint because of the arbitration clause in the user agreement.



http://news.8btc.com/beijing-court-rejected-user-compensation-complaint-of-52-8567-btc-against-huobi

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[uslfd]

As BTC holders, we have to be very careful of how we take care of our own money because after all btc is very new and not well regulated. Very often we're not protected by law.

[hl5460]

As BTC holders, we have to be very careful of how we take care of our own money because after all btc is very new and not well regulated. Very often we're not protected by law.

That's the case with Mt.Gox.