Is it legal to buy and sell Bitcoin in China?
It is illegal to buy and sell Bitcoin in China.
Domestic buying and selling of Bitcoin is illegal.
In September 2021, the People's Bank of China and ten other departments issued the "Notice on Further Preventing and Dealing with the Risks of Speculation in Virtual Currency Transactions" (hereinafter referred to as the "924 Notice"), which clearly stated:
Virtual currency does not have the same legal status as legal tender.
No organization or individual is allowed to issue, sell, or purchase virtual currency in China,
Overseas virtual currency exchanges are not allowed to provide services to residents in China.
The notice also requires financial institutions and payment institutions not to provide account opening, transaction settlement, clearing and other services for virtual currency transactions.
The issuance of the “924 Notice” means that Bitcoin transactions in China are completely prohibited.
The reasons are as follows:
Bitcoin has financial properties, but lacks supervision. Bitcoin can be used for payment, investment, etc., and has financial attributes. However, Bitcoin lacks supervision and can easily be used for illegal activities such as money laundering and terrorist financing.
The price of Bitcoin fluctuates violently, which can easily lead to financial risks. Bitcoin prices fluctuate violently, and investors are prone to heavy losses.
Bitcoin trading can easily breed unhealthy habits such as gambling. Bitcoin trading is speculative and can easily breed unhealthy habits such as gambling.
Therefore, the Chinese government bans Bitcoin transactions to prevent financial risks and maintain financial order.
The above is the detailed content of Is it legal to buy and sell Bitcoin in China?. For more information, please follow other related articles on the PHP Chinese website!
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
Notepad++7.3.1
Easy-to-use and free code editor
SublimeText3 Chinese version
Chinese version, very easy to use
Zend Studio 13.0.1
Powerful PHP integrated development environment
Dreamweaver CS6
Visual web development tools
SublimeText3 Mac version
God-level code editing software (SublimeText3)
Hot Topics
1389
52
Top 10 cryptocurrency exchange platforms The world's largest digital currency exchange list
Apr 21, 2025 pm 07:15 PM
Exchanges play a vital role in today's cryptocurrency market. They are not only platforms for investors to trade, but also important sources of market liquidity and price discovery. The world's largest virtual currency exchanges rank among the top ten, and these exchanges are not only far ahead in trading volume, but also have their own advantages in user experience, security and innovative services. Exchanges that top the list usually have a large user base and extensive market influence, and their trading volume and asset types are often difficult to reach by other exchanges.
bitget new user registration guide 2025
Apr 21, 2025 pm 10:09 PM
The steps to register for Bitget in 2025 include: 1. Prepare a valid email or mobile phone number and a stable network; 2. Visit the Bitget official website; 3. Enter the registration page; 4. Select the registration method; 5. Fill in the registration information; 6. Agree to the user agreement; 7. Complete verification; 8. Obtain and fill in the verification code; 9. Complete registration. After registering, it is recommended to log in to the account, perform KYC identity verification, and set up security measures to ensure the security of the account.
Litecoin (LTC) price drops sharply to $65
Apr 21, 2025 pm 06:15 PM
Litecoin (LTC) price plummeted to $65 in early April, down nearly 7.5% in a week, echoing the plunge in the wider cryptocurrency market. The market crash caused billions of dollars to evaporate market value, Bitcoin (BTC) fell below $75,000, and altcoins generally fell. Macro factors such as rising U.S. Treasury yields and expected interest rates appear to intensify risk aversion in global markets. In addition, the large outflow of funds from Bitcoin spot ETFs further hits the confidence of retail investors and institutional investors. Against this backdrop, Litecoin is once again facing its long-term resistance level - the 200-week exponential moving average (EMA). The EMA had suppressed LTC prices in July 2023, when the price was close to $88. Historically, LTC and the
Title: Bitcoin (BTC) could collapse due to massive anti-popular rally
Apr 21, 2025 pm 05:36 PM
Well-known crypto analyst warns: Bitcoin may plummet due to a sharp rebound! The highly-watched crypto strategist Benjamin Cowen is watching the key support levels of Bitcoin (BTC). In the latest video analysis, Cowen pointed out that if the price of Bitcoin falls and tests the 2024 high again, it may trigger a sharp rebound. Cowen believes BTC had gained support near its March 2024 high, but could also face resistance of about $60,000 at the moment. "I still think Bitcoin is likely to retest the 2024 high, and if it tests the trend line (lower high trend line), it could be a good short-term trading opportunity. If you continue to test that
How long does it take to recharge digital currency to arrive? Recommended mainstream digital currency recharge platform
Apr 21, 2025 pm 08:00 PM
The time for recharge of digital currency varies depending on the method: 1. Bank transfer usually takes 1-3 working days; 2. Recharge of credit cards or third-party payment platforms within a few minutes to a few hours; 3. The time for recharge of digital currency transfer is usually 10 minutes to 1 hour based on the blockchain confirmation time, but it may be delayed due to factors such as network congestion.
Rexas Finance (RXS) is quietly preparing to steal the show from Solana (Sol) and Ripple (XRP)
Apr 21, 2025 pm 06:12 PM
Solana (SOL) and Ripple (XRP) continue to be bullish, attracting investors to pay close attention. The two major cryptocurrencies have performed strongly in market volatility recently, raising interest from retail and institutional investors. However, despite the outstanding performance of SOL and XRP, the less-known Altcoin project RexasFinance (RXS) has quietly risen and is expected to surpass the first two in 2025. Solana's bullish signs: The price of the cup-handle pattern Solana has risen sharply, surpriseing many market observers. Currently, the SOL price is US$128.91, with a market value of more than US$65 billion, and presents the classic "cup handle" technology, which is usually pre-existing
Hashbeat App: The highest regulated crypto cloud mining platform in 2025 with free Bitcoin mining rewards and daily spending
Apr 21, 2025 pm 06:21 PM
The most worth investing in 2025: Cloud mining strategy without eyeing the market If you want to invest in cryptocurrencies in 2025 and don’t want to pay attention to market fluctuations all the time, then cloud mining may be your ideal choice. Cloud mining can easily generate Bitcoin and other digital currencies without expensive mining machines and complex settings. A number of new cloud mining platforms have emerged in 2025, making it easier than ever to get started. Whether it is a novice novices or investors who pursue passive income, the following 11 platforms are worth paying attention to. Hashbeat app: a regulated crypto cloud mining platform that provides free Bitcoin mining rewards, daily payments. If you want to invest in low-risk, high-security, stable returns in cryptocurrency in 2025, Hashbeat app
gate.io Android app download gate.io Android latest version download and install
Apr 21, 2025 pm 07:54 PM
The steps to download the Gate.io Android APP include: 1. Visit the official website of Gate.io; 2. Select the Android version and download; 3. Download the APK file and enable the "Unknown Source" option; 4. Install the Gate.io APP. The APP provides a wealth of trading pairs, real-time market display, a variety of ordering methods, asset security, convenient asset management, and rich activities and discounts.