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Questions tagged [China]

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TaegeukChampionCourageousHeart TaegeukChampionCourageousHeart Tue Mar 26 2024 | 7 answers 1287

Is Bitcoin legal in China?

I'm quite curious about the legality of Bitcoin in China. Given the volatile and sometimes unpredictable nature of cryptocurrencies, I'm wondering how the Chinese government views this digital asset. Do they consider it legal tender? Or is there some sort of regulatory framework surrounding its use? I understand that in some countries, cryptocurrencies are banned or heavily restricted, so I'm just trying to get a clear understanding of the situation in China. Could you please enlighten me on this matter?

Is Bitcoin legal in China?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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