In a crypto lending dispute in China, a court has ruled that Tether is not considered legal tender. The dispute involved two individuals, Han and Ji, who had a private lending agreement that centered around Tether. Ji convinced Han to invest in Tether, but later transferred the funds to his own account and failed to repay the loan. Han took legal action, but the court ruled that Tether is not legal tender and cannot fulfill the loan obligations. Therefore, the court did not recognize the loan agreement and rejected Han's request for repayment. The ruling is based on a notice by Chinese government departments stating that virtual currencies are not legal tender and any investment violating public order and morals would invalidate relevant civil legal acts.



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