The plaintiff lost more than $10,000 in 2018 amid the Central Bank of China’s ban on monetary establishments that support crypto transactions. The High Court of North China’s Shandong province has publicly stated that investments in virtual assets, such as cryptocurrencies, are not made through the law. This is the latest setback for China’s crypto investment industry, as the resolution sets a precedent for banning investments in virtual assets like Bitcoin. The plaintiff first approached the jinan city court, claiming he had invested more than $10,000 to buy virtual currency in 2017 on the recommendation of 3 friends. However, the…