Beijing Court Rules in Favor of Huobi

It has been a while since we last heard from Chinese cryptocurrency exchanges. Ever since the CNY trading ban, very little has changed in that part of the world. In recent news, a Beijing district court has dismissed a lawsuit against such exchanges. Some traders had complained about exchanges being responsible for their financial losses. It was evident such claims wouldn’t hold up for long. A Decision in Favor of Chinese Cryptocurrency Exchanges All of this revolves around a few people who claimed to have lost money while trading Bitcoin on Chinese exchanges. More specifically, a Huobi user claimed that Bitcoin didn’t exist and that his previous trades should be invalidated.