Wuhu City’s Yijiang District Court has made a final call on the dispute surrounding the 100,000-yuan Dogecoin mining issue.

The Yijiang District People’s Court of Wuhu City in China has wrapped up a case involving a contentious 100,000-yuan mining issue. In this incident, Mr. Mao, the claimant, had tasked Mr. Li, the defendant, to acquire a specialized computer designed for Dogecoin. Dogecoin He transferred a total of 100,000 yuan, which is roughly equivalent to $14,000, to Mr. Li for this purpose. mining However, Mr. Li claimed to have profited from the Dogecoin mining operation, yet he failed to return both the principal amount and any earnings generated back to Mr. Mao.

This led Mr. Mao to file a lawsuit in the Wuhu People's Court, where he sought the return of his investment along with compensation for lost interest. The court identified the equipment at the heart of the dispute as a 'mining machine' instrumental in generating virtual currency, a detail both parties acknowledged.

As a result, the court declared the trust contract invalid, siding against the defendant in accordance with the Civil Code of the People's Republic of China. Now, Mr. Li is required to reimburse Mr. Mao the full amount originally entrusted to him.

China's Perspective on Cryptocurrency Mining China Once regarded as a powerhouse in the crypto mining landscape, China contributed between 65% to 75% to the global Bitcoin network's hash rate, but a major regulatory shift occurred in May 2021.

The country imposed a blanket ban on crypto mining operations, encompassing Bitcoin and other leading cryptocurrencies due to concerns over energy use and possible economic ramifications. Nonetheless, covert mining activities have continued.

Earlier this year, Xiao Yi, a former provincial official, was sentenced to life imprisonment by the Hangzhou Intermediate People's Court for involvement in a bribery scheme that supported cryptocurrency mining.

Cryptocurrency mining He had allegedly offered financial, capital, and energy assistance to local mining entities, which was in direct violation of national regulations. While mainland China maintains strict regulations pertaining to cryptocurrencies, it appears that regions are starting to introduce new policies aimed at attracting the crypto sector.

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Alisa, a passionate reporter at Cryptocurrencylistings, specializes in cryptocurrency, zero-knowledge proofs, and the vast domain of Web3. With a sharp focus on emerging trends and technologies, she offers in-depth coverage designed to keep readers informed and engaged within the evolving digital finance space. Beijing Blum Commemorates One Year With Awards for 'Best GameFi App' and 'Best Trading App' at the Blockchain Forum 2025 Hong Kong Tackling DeFi Fragmentation: How Omniston Enhances Liquidity on the TON Network