Cryptocurrency Q&A
Is Tether legal in China?
Is Tether legal in China?
BitcoinBaroness
Mon Jan 06 2025
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7 answers
1666
I'm wondering about the legality of Tether in China. With the rising popularity and usage of cryptocurrencies globally, I'm specifically interested in whether Tether, a stablecoin pegged to the US dollar, is considered legal or not in China. Are there any official regulations or statements from the Chinese government regarding this matter?
7 answers
benjamin_stokes_astronomer
Wed Jan 08 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services despite the regulations.
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SsangyongSpiritedStrengthCourageBravery
Wed Jan 08 2025
According to the warning, utilizing Tether (USDT) as a medium in foreign exchange transactions is deemed illegal.
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Carlo
Wed Jan 08 2025
This ban signifies a strict regulation on cryptocurrency usage within the country.
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Martino
Wed Jan 08 2025
China has implemented a ban regarding the usage of USDT.
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Leonardo
Wed Jan 08 2025
The move is part of China's ongoing efforts to control and monitor financial activities.
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