On July 16, according to the official account of Huo Xiaolu, the defendant in a Chongqing case, He, was sentenced to three years in prison and fined 5 million yuan by the People's Court of Yubei District of Chongqing for the crime of illegal business operation. After the first-instance judgment, He was not reconciled and appealed to the Chongqing No. 1 Intermediate People's Court. During the appeal process, He claimed to be engaged in the exchange business between virtual currency and RMB and...