Coins that are lent out cannot be recovered.

Today, a lawyer educated me on a point that surprised me greatly: it really surprised me:

In general, the law in the country does not support coins that are lent out.

That is to say, the coins you lent out cannot be recovered at all.

There are several situations: first, you lend coins to the other party, and they do not return them.

Even if you sue, you will not win; currently, there are almost no precedents in the country to support this, fundamentally because of the classification of coins in the country. So far, there should only be one precedent, where bitcoins were lent to the other party, and the parties acknowledged it, ultimately agreeing to repay in USD at the price of bitcoin. But because the person who owes the coins is a deadbeat, they still haven't repaid.

It's equivalent to not getting it back. And if the other party does not acknowledge it or refuses to return it, you have no way to deal with it.

Second, when you lend coins to the other party, you should anchor a price in RMB based on the price at that time, while the actual payment is made in coins.

For example, Zhang San lends Li Si 100,000 U, agreeing to convert it to 730,000 RMB.

But since the actual transfer is coins and not RMB, it is also not supported.

Because what you provide is coins, how to prove that your coins are worth 730,000 RMB?

To be honest, Orange Seat wrote an article before, reminding everyone to be cautious when borrowing money:

What the hell, I'm already in the crypto world, and you come to borrow money from me?

But in fact, borrowing coins happens quite frequently among the public. Brother He has also lent coins to others, but reliable friends returned them in the end.

Today, after hearing what the lawyer said, I suddenly feel that this matter cannot be underestimated, it still needs to be taken seriously, so I'm syncing this with you.

Based on the situation where borrowed coins cannot be retrieved, there are also some derivative cases that are not supported, such as agency investments, wealth management, etc. Basically, it all boils down to this: not your keys, not your coins.

In this dark forest of the crypto world, once money or coins leave your pocket, the possibility of getting it back is already very low. It's easy to send money out, but getting it back is damn hard.

So I still remind everyone, you need to be responsible for your own wealth, after all, these decisions must be made by yourself, and transfers must also be done by yourself.

Before there is an official change in the classification of cryptocurrencies in the country, many rights of holders are actually not protected, so in this situation, risk awareness should be increased.

Just remember:

Borrowing money is not allowed, and borrowing coins is also not okay. Just don't come to me for money, sharing coins is fine.

But don't think you're clever and see this as an opportunity, rushing to borrow a bunch of coins after reading Brother He's article and then defaulting on the debt. This is immoral and will increase your karma.

I am Brother He, nice to meet everyone. Brother He focuses on Ethereum contract spot ambush, the team still has positions available, hop on quickly, and help you become the big player and also a winner. #美国加征关税 #巨鲸动向 #BNB创新高 $ETH