Questions tagged [mainland china]

Claudio Thu Jul 18 2024 | 7 answers 1495

Inquiring minds often wonder about the legal status of cryptocurrencies, especially the mighty Bitcoin. As we delve deeper into the question, "Is Bitcoin legal in mainland China?" we must consider the ever-evolving regulatory landscape. China, a country with a robust digital economy, has shown both enthusiasm and caution towards digital currencies. While the central bank has banned the trading of cryptocurrencies, the country still maintains a significant presence in mining activities. This begs the question: what does "legal" really mean in this context? Is it about ownership, trading, or both? We'll unpack the intricacies and examine how Bitcoin fares within the confines of China's legal framework.