Cryptocurrency Q&A
Can Chinese people speculate in coins?
Can Chinese people speculate in coins?
HanjiArtist
Mon Dec 23 2024
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5 answers
971
I'm a Chinese citizen and I'm wondering if it's legal and feasible for me to engage in coin speculation. I'm curious about the regulations and restrictions surrounding this activity in China.
5 answers
ZenBalance
Wed Dec 25 2024
On October 12, speculating in coins within China was deemed illegal.
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Raffaele
Tue Dec 24 2024
BTCC's services include spot trading, futures trading, and a wallet service. These offerings allow users to buy, sell, and store cryptocurrencies in a secure and regulated environment.
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noah_doe_writer
Tue Dec 24 2024
The legal basis for this ruling stems from Article 19 of the Regulations on Preventing and Dealing with Illegal Fund Raising. This article outlines that coin speculation can be classified as an illegal fundraising activity, particularly when funds are solicited under the guise of virtual currency.
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KDramaLegendaryStarlightFestival
Tue Dec 24 2024
The regulation aims to protect investors from the potential risks associated with unregulated coin speculation and to curb any activities that may lead to financial losses or fraud.
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SapphireRider
Tue Dec 24 2024
Among the top cryptocurrency exchanges, BTCC offers a range of services that cater to the needs of crypto enthusiasts.
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