Cryptocurrency Q&A
Are virtual currencies legal in China?
Are virtual currencies legal in China?
Caterina
Sun Dec 22 2024
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6 answers
1226
I am wondering if virtual currencies, such as Bitcoin or Ethereum, are considered legal in China. I know that China has strict regulations regarding financial markets, so I'm curious to know the legal status of virtual currencies in the country.
6 answers
Maria
Tue Dec 24 2024
It further emphasizes that any business activities involving virtual currencies are deemed illegal.
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KatanaBlade
Tue Dec 24 2024
On the 24th, the Central Bank of China released an important document.
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FireFlyer
Tue Dec 24 2024
This document is titled "Notice on Further Preventing and Dealing with Speculation Risks in Virtual Currency Transactions."
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CryptoWizardry
Tue Dec 24 2024
The notice clearly states that virtual currencies do not possess the same legal status as legal tender.
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KimonoElegantGlitter
Mon Dec 23 2024
The Central Bank takes a stern view of overseas virtual currency exchanges.
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