Cryptocurrency Q&A
Is bitcoin legal in the Chinese court?｜2- Bitcoin and other cryptocurrencies are seen as commodities/property and are . Chinese law doesn't prevent the circulation of bitcoin and its possession.protected from seizure under Chinese law
Is bitcoin legal in the Chinese court?｜2- Bitcoin and other cryptocurrencies are seen as commodities/property and are . Chinese law doesn't prevent the circulation of bitcoin and its possession.protected from seizure under Chinese law
charlotte_anderson_explorer
Sun Jun 09 2024
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6 answers
1752
Could you please clarify for me the legality of Bitcoin in the Chinese court system? I understand that Bitcoin and other cryptocurrencies are treated as commodities or property, but I'm not entirely sure about their legal status in China. Does Chinese law permit the circulation and possession of Bitcoin? And are Bitcoin holdings protected from seizure under Chinese law? Could you provide more details on this matter? Thank you in advance for your assistance.
6 answers
Elena
Tue Jun 11 2024
Cryptocurrency, a digital asset designed to work as a medium of exchange, has gained significant popularity in recent years. It utilizes cryptography to secure transactions and control the creation of additional units. These currencies operate independently of a central bank, enabling transactions to take place without the involvement of intermediary institutions.
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HallyuHeroLegendaryStarShine
Tue Jun 11 2024
The finance industry has also undergone a transformation due to the emergence of cryptocurrencies. These digital assets have disrupted traditional financial systems, offering new opportunities for investors and traders. Cryptocurrency exchanges, such as BTCC, have emerged as key players in this evolving landscape.
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MysticEchoFirefly
Tue Jun 11 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services to cater to the needs of crypto enthusiasts. Its services include spot trading, futures trading, and a secure wallet solution. These offerings enable users to buy, sell, and store various cryptocurrencies with ease.
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Isabella
Mon Jun 10 2024
The spot trading platform on BTCC allows users to trade cryptocurrencies directly against fiat currencies or other digital assets. This feature provides investors with a convenient way to access the crypto market and capitalize on price movements.
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DigitalBaron
Mon Jun 10 2024
Futures trading, another service offered by BTCC, allows traders to speculate on the future prices of cryptocurrencies. This type of trading involves the use of contracts that specify the price and quantity of a crypto asset to be delivered at a future date.
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