I am wondering if virtual currencies, such as
Bitcoin or Ethereum, are considered legal in China. I know that China has strict regulations regarding financial markets, so I'm curious to know the legal status of virtual currencies in the country.
6 answers
Maria
Tue Dec 24 2024
It further emphasizes that any business activities involving virtual currencies are deemed illegal.
KatanaBlade
Tue Dec 24 2024
On the 24th, the Central Bank of China released an important document.
FireFlyer
Tue Dec 24 2024
This document is titled "Notice on Further Preventing and Dealing with Speculation Risks in Virtual Currency Transactions."
CryptoWizardry
Tue Dec 24 2024
The notice clearly states that virtual currencies do not possess the same legal status as legal tender.
KimonoElegantGlitter
Mon Dec 23 2024
The Central Bank takes a stern view of overseas virtual currency exchanges.