Cryptocurrency Q&A
Is USDT illegal in China?
Is USDT illegal in China?
AltcoinAdventurer
Thu May 09 2024
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5 answers
1299
I've been hearing rumors that USDT, the stablecoin pegged to the US dollar, is illegal in China. Could you please clarify this for me? I'm quite interested in cryptocurrencies and finance, but the legal landscape in China seems quite complex and murky. Is it true that USDT is banned or restricted in China? If so, what are the specific reasons behind this? And how does this affect investors and traders in China who might be interested in using USDT? I'd really appreciate it if you could provide some clarity on this matter.
5 answers
Elena
Sat May 11 2024
This crackdown specifically targets the use of cryptocurrencies like Tether (USDT) in foreign exchange trading.
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KimonoElegance
Sat May 11 2024
This action marks more than two years since the implementation of a significant ban on cryptocurrencies in the country.
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noah_stokes_photographer
Sat May 11 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services.
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Sara
Sat May 11 2024
Chinese authorities are intensifying their efforts to clamp down on the utilization of cryptocurrencies.
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Tommaso
Sat May 11 2024
Among its offerings, BTCC provides spot trading, futures trading, and wallet services.
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