The Yinchuan City Xingqing District People's Court concluded a virtual currency investment dispute case. The plaintiff, Mr. Wei, entrusted the defendant to invest, and later, after requesting repayment due to an urgent need for funds and failing to obtain it, brought a lawsuit for "unjust enrichment." The court held that the matter should be governed by a mandate contract relationship, and ultimately, through mediation, the plaintiff withdrew the lawsuit and Li returned the invested principal, and both parties reached a settlement.

The Yinchuan City Xingqing District People’s Court concluded a civil and commercial dispute involving entrusted investment in virtual currency. The plaintiff sought repayment of the investment funds but did not obtain it, and therefore filed a lawsuit based on unjust enrichment. The court determined that the relationship was one of an entrusted contract, facilitated a mediation, and reminded investors to be mindful of legal risks.

The Dubai Virtual Assets Regulatory Authority will roll out a regulatory framework for crypto exchange-traded derivatives in 2026, requiring a leverage cap of 5:1, applicable to all licensed virtual asset service providers. The new rules emphasize risk control, allowing institutions and retail investors to participate in derivatives trading, while preserving the power to intervene when markets are volatile. This initiative is intended to attract global crypto firms and drive the maturation and development of the crypto market in the Middle East.

Cuba’s central bank has for the first time approved 10 companies to use cryptocurrencies for international payments, including 9 small and micro enterprises and 1 joint venture, with a license validity period of 1 year. This marks the first time that Cuban companies have been granted permission to directly operate international payments, which must be handled through approved virtual asset service providers and with transaction information reported on a regular basis.

Gate News reports that on March 29, the police in Chenzhou, Hunan province, uncovered a new type of investment fraud case involving virtual currency called "two golds for cash." They intercepted 7 packages of gold related to the fraud and seized 310 grams of gold. The police investigation revealed that the criminals lured victims under the guise of investment and financial management, encouraging them to purchase gold offline and send it to designated addresses. The illicit funds were then repeatedly circulated through virtual currency exchanges and overseas account transfers. The involved gold is currently being gradually returned to the victims, and the case is still under further investigation.

The UK has imposed new sanctions on Southeast Asian scam networks, naming Chen Zhi and his long-time collaborator Hu Xiaowei, and sanctioning the cryptocurrency exchange "New Coin," alleging that it supports fraudulent activities.

Gate News reports that on March 29, Trump delivered a speech at the Future Investment Initiative Summit held in Miami, emphasizing the significant influence of Bitcoin and that the U.S. should maintain a leading position in this field. He stated that more and more users want to use virtual assets, especially Bitcoin, for payments, and the U.S. needs to be at the forefront of relevant development trends.

The UK imposed sanctions on scam networks in Southeast Asia, including Hu Xiaowei, who is closely linked to the founder of the Cambodian royal prince group, Chen Zhiming, whom it refers to as "Wu Anming." It also stated that he is a long-term collaborator of Chen Zhiming and provides support. At the same time, a virtual currency trading platform was also sanctioned for offering crypto services that facilitate scams.

Gate News report, on March 28, in Miami, Florida, President Trump stated at the Future Investment Initiative (FII) summit that Bitcoin is very powerful, and the United States must stay ahead in this trend. He emphasized that many people currently want to use virtual assets (especially Bitcoin) for payments, and the U.S. must be at the forefront of this trend.

Hong Kong police are investigating the JPEX virtual asset trading platform scam. Since September 2023, they have arrested 80 people and frozen assets worth approximately HKD 228 million. The case involves over 2,700 victims with losses exceeding HKD 1.6 billion. The police are conducting a new round of prosecutions and are still identifying the masterminds and accomplices behind the scenes.