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Guangzhou court announced a case involving Bitcoin lending The court clearly stated that since Bitcoin is prohibited from circulation in our country, it has no market price or legal pricing mechanism, and no basis for valuation However, the loss should be recognized based on the cost price at which the Bitcoin was acquired In other words, if you bought digital currency at a high price and lent it to someone who does not repay, the court will require the other party to compensate you according to your actual purchase price