Cryptocurrency Q&A
Can Chinese citizens hold Bitcoin?
Can Chinese citizens hold Bitcoin?
NebulaPulse
Thu Nov 14 2024
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5 answers
587
I'm a Chinese citizen and I'm wondering if it's legal for me to own or hold Bitcoin in China. I've heard mixed messages about the cryptocurrency regulations in my country and I want to make sure I'm not breaking any laws.
5 answers
SamsungShineBrightnessRadianceGlitter
Sat Nov 16 2024
The 2021 regulations do not explicitly prohibit individuals from owning cryptocurrency.
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KpopHarmonySoulMate
Sat Nov 16 2024
China implemented stringent measures against domestic crypto mining in 2021.
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Lucia
Sat Nov 16 2024
Despite these restrictions, there remain significant loopholes in the regulations.
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Leonardo
Fri Nov 15 2024
This means that people are still able to hold onto their digital assets without legal repercussions.
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CryptoPioneer
Fri Nov 15 2024
Additionally, the regulations do not seem to hinder peer-to-peer trading activities between individuals.
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