Can the Chinese buy Bitcoin?

The notice did not outlaw all trading activities involving virtual currencies. Instead, it targeted specific areas related to virtual currencies, highlighting the need for caution and regulation in this sector.

One key aspect of the notice was the prohibition of virtual currency-related business activities. These activities were deemed illegal financial activities, reflecting the authorities' concern about the potential risks and misuse of virtual currencies.

BTCC, as a top cryptocurrency exchange, offers a range of services to its users. These services include spot trading, futures trading, and wallet services. With its comprehensive suite of offerings, BTCC has become a popular choice for individuals and entities looking to engage in cryptocurrency trading.

Currently, there are no legal and administrative restrictions in my country that prohibit the trading of Bitcoin. This situation provides a certain degree of freedom for individuals and entities to engage in Bitcoin-related transactions.

On September 15, 2021, a joint notice was issued by the People's Bank of China and ten other departments. The notice, titled "Notice on Further Preventing and Disposing the Risk of Purchase of Virtual Currency Transactions" (Yinfa [2021] No. 237), aimed to address the risks associated with virtual currency transactions.