Is crypto currency legal in china

is crypto currency legal in china

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China Declares All Cryptocurrency Transactions Illegal
Despite government crackdowns and widespread reports that crypto is outlawed in China, crypto trade is still very much alive. While China has denied legal-tender status for cryptocurrencies, it has not � at least not yet � outlawed its attribution as property or a. Cryptocurrency trading is subject to strict government-imposed restrictions in China since September , when trading platforms were shut down.
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Comment on: Is crypto currency legal in china
  • is crypto currency legal in china
    account_circle Dutaxe
    calendar_month 23.01.2021
    It is remarkable, this rather valuable opinion
  • is crypto currency legal in china
    account_circle Vogrel
    calendar_month 28.01.2021
    I am afraid, that I do not know.
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In China also cracked down hard on domestic crypto mining. Pay attention to distinguish the relationship between civil and commercial trials and administrative supervision In civil and commercial trials, on the one hand, it is necessary to consider the relevant regulations of supervision and support the regulatory agencies to effectively perform their regulatory functions in accordance with the law, but it is also necessary to strictly distinguish the different functional positioning of civil and commercial trials and administrative supervision. Even though there was an initial shock, some analysts feel the crackdown in China will not affect global prices of cryptocurrencies in the long term.