Cryptocurrency Q&A
Is it illegal to buy bitcoin in China?
Is it illegal to buy bitcoin in China?
CryptoMystic
Thu Dec 26 2024
|
5 answers
544
I'm considering purchasing Bitcoin, but I'm not sure if it's allowed in China. I've heard mixed messages about the legality of buying Bitcoin here, so I want to confirm if it's illegal to buy Bitcoin in China.
5 answers
Bianca
Sat Dec 28 2024
Consequently, Bitcoin cannot be used for circulation in the market as a legal currency.
Was this helpful?
48
23
CryptoProphet
Sat Dec 28 2024
Bitcoin, as a form of virtual currency, lacks the official status of legal tender.
Was this helpful?
81
71
Sara
Sat Dec 28 2024
According to the Regulations on the Management of the People's Republic of China, the sole legal currency in the country is the Renminbi (RMB).
Was this helpful?
91
96
Luca
Fri Dec 27 2024
Despite this, individuals are not explicitly prohibited from engaging in Bitcoin buying and selling transactions.
Was this helpful?
71
71
Carlo
Fri Dec 27 2024
It is important to note that individuals who choose to participate in such transactions must bear the associated risks themselves.
Was this helpful?
253
35
