Cryptocurrency Q&A
Are cryptocurrency transactions illegal in China?
Are cryptocurrency transactions illegal in China?
Carolina
Sun Jul 07 2024
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5 answers
1361
I don't understand this question. Could you please assist me in answering it?
5 answers
SeoulSerenitySeekerPeaceLover
Mon Jul 08 2024
China's central bank has issued a stern statement regarding the legality of cryptocurrency transactions.
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Michele
Mon Jul 08 2024
The bank further warned that such activities "seriously endanger the safety of people's assets," highlighting the risks associated with crypto-currencies.
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HanRiverWave
Mon Jul 08 2024
According to the announcement, all transactions involving crypto-currencies are deemed illegal in the country.
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DongdaemunTrendsetting
Mon Jul 08 2024
This effectively prohibits the use of digital tokens, including Bitcoin, for any financial transactions.
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ethan_carter_engineer
Mon Jul 08 2024
The People's Bank of China has characterized "virtual currency-related business activities" as illegal financial activities.
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