Is cryptocurrency allowed in China

1. It's not illegal to issue digital currency in China. It doesn't need the next three years. Now people have already issued digital currency. For example, Ruitai, bitcoin, Yuanbao and sandcoin are all digital currencies issued by domestic companies. But if not

2.

As of May 2020, blockchain and digital currency are illegal in China

according to the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risks of token issuance and financing, Article 2 no organization or indivial shall illegally engage in token issuance and financing activities. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects

Article 3 strengthen the management of token financing trading platform

from the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal currency and token and "virtual currency", and shall not buy or sell token or "virtual currency" as a central counter party, and shall not provide pricing for token or "virtual currency" Information intermediary and other services

extension data

"illegal financial institutions and illegal financial business activities ban" stipulates that:

eleventh, the criminal suspect, funds and property involved in illegal financial institutions and illegal financial activities, and the public security organs shall take compulsory measures according to law to prevent suspect from escaping and transferring funds and property. p>

Article 12 the people's Bank of China shall, after investigation and confirmation, make a decision to ban the illegal financial institutions and financial business activities, declare them illegal, order them to stop all business activities, and make an announcement

Article 13 if the people's Bank of China discovers that a financial institution opens an account, handles settlement and provides loans for an illegal financial institution or illegal financial business activities, it shall order the financial institution to stop the relevant business activities immediately. No unit or indivial may use the relevant funds without authorization

3. Cryptocurrency is legal in China. Encrypted digital currency is a part of digital assets, and QQ, game accounts, game equipment are protected by law in China
encrypted digital currency generally refers to bitcoin, Ethereum, lightcoin, DCT and other open source currencies.

4. Different people have different opinions on this issue! A lot of people and the media questioned it. But there are still a lot of people playing. The yield of this kind of currency may be relatively high, but it is unreliable. It is suggested to invest in digital currencies such as bitcoin, Ruitai coin and Qianjin card.

5. The factors related to the degree of non-governmental recognition and international recognition can't just be controlled. It's the same in foreign countries, just depending on its status

6. Blockchain is an opportunity, a gamble, or a scam. According to the information published at present, it is difficult to identify or there is no authoritative conclusion. If you need to know more, you can call 110 to ask the public security organ for screening or verification
the investigation conclusions of public security organs are the most authoritative.

7. I'm a lawyer. I've never heard of such a law