Cryptocurrency Q&A
Is virtual currency legal in China?
Is virtual currency legal in China?
noah_wright_author
Thu Dec 05 2024
|
6 answers
1479
I'm wondering if virtual currencies are legally recognized and allowed in China. With the rise of digital currencies, I want to understand if China has any specific regulations or laws that permit or restrict their use.
6 answers
emma_anderson_scientist
Fri Dec 06 2024
On the 24th, the People's Bank of China released an important notice.
Was this helpful?
260
88
MysticRainbow
Fri Dec 06 2024
Furthermore, the notice takes a stern stance on overseas virtual currency exchanges.
Was this helpful?
179
45
BlockchainBaroness
Fri Dec 06 2024
These exchanges, if they provide services to Chinese residents through the internet, are considered to be engaging in illegal financial activities.
Was this helpful?
176
71
CryptoPioneer
Fri Dec 06 2024
This notice focuses on preventing and addressing the risks associated with virtual currency trading speculation.
Was this helpful?
243
37
CryptoPioneer
Fri Dec 06 2024
According to the notice, virtual currency does not hold the same legal status as legal tender.
Was this helpful?
245
68
Load 5 more related questions
