Cryptocurrency Q&A
Is crypto legal in China?｜. Run used bank cards issued by small rural commercial banks to buy cryptocurrencies through grey-market dealers, and capped each transaction at 50,000 yuan ($6,978) to escape scrutiny. "Bitcoin is a safe haven, like gold," says Run.Crypto trading and mining has been banned in China since 2021
Is crypto legal in China?｜. Run used bank cards issued by small rural commercial banks to buy cryptocurrencies through grey-market dealers, and capped each transaction at 50,000 yuan ($6,978) to escape scrutiny. "Bitcoin is a safe haven, like gold," says Run.Crypto trading and mining has been banned in China since 2021
GinsengBoostPower
Sat Jun 08 2024
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6 answers
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Is crypto trading actually legal in China? Despite the ban on crypto trading and mining since 2021, I've heard rumors of individuals using grey-market dealers to purchase cryptocurrencies with bank cards issued by small rural commercial banks. Run, for instance, has been doing this, capping each transaction at 50,000 yuan to avoid scrutiny. He even compares Bitcoin to a safe haven, akin to gold. So, what's the real situation? Is there still a way for Chinese citizens to engage in crypto trading despite the ban?
6 answers
Valentina
Sun Jun 09 2024
Cryptocurrency and finance are two intertwined fields that have witnessed remarkable growth in recent years. With the advent of blockchain technology, cryptocurrencies have emerged as a viable alternative to traditional fiat currencies.
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BlockchainBaroness
Sun Jun 09 2024
In addition to spot trading, BTCC also offers futures trading. This advanced trading feature allows users to speculate on the future price movements of cryptocurrencies, providing them with opportunities for higher returns.
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BlockchainBrawler
Sun Jun 09 2024
The rise of cryptocurrency exchanges has been pivotal in driving this growth. These platforms provide a secure and efficient way for individuals and businesses to buy, sell, and trade various cryptocurrencies.
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Margherita
Sun Jun 09 2024
BTCC further enhances its offering by providing a secure wallet service. This allows users to store their cryptocurrencies safely and conveniently, protecting them from potential losses due to theft or hacks.
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CryptoDynastyLord
Sun Jun 09 2024
Among the leading exchanges in the industry is BTCC, a UK-based platform that offers a comprehensive suite of services. BTCC caters to a wide range of users, from beginners to experienced traders.
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