Is it illegal to buy and sell Bitcoin in China?
It is prohibited to buy and sell Bitcoin in China and it will violate the law.
It is prohibited to buy and sell Bitcoin in China and it will violate the law.
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.
Despite this, there are still some over-the-counter Bitcoin transactions in China. However, this kind of transaction involves the following risks:
Legal risk: Investors participating in OTC transactions may face legal penalties.
Trading risks: OTC transactions lack supervision and investors are prone to fraud.
Price risk: Bitcoin prices fluctuate violently, and investors may suffer significant losses.
Therefore, investors should be cautious when participating in Bitcoin transactions and be prepared to bear legal risks and transaction risks.
The following are some risks of Bitcoin trading:
Price Fluctuation Risk: Bitcoin prices fluctuate violently, and investors may suffer significant losses.
Policy risk: The Chinese government may introduce stricter regulatory measures or even ban Bitcoin transactions.
Technical risks: Bitcoin technology has certain risks, such as hacker attacks, wallet loss, etc.
Legal Risk: Bitcoin trading is illegal in some countries and regions, and investors may face legal risks.
The above is the detailed content of Is it illegal 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
1387
52
Gate.io Sesame Open Exchange Tips for Buying and Selling Coins (Guide to Novice)
Apr 21, 2025 am 11:51 AM
Tips for buying and selling coins on Gate.io include: 1. Make research plans before buying coins to understand the market and risks; 2. Choose trading pairs with high liquidity such as BTC/USDT; 3. Use limit orders to control the buying cost; 4. Pay attention to market trends and analyze price trends; 5. Set stop-profit and stop-loss when selling coins, and manage risks; 6. Use batch selling strategies to balance returns and risks; 7. Combine market sentiment and judge the selling timing; 8. Pay attention to macroeconomic and policy changes, and adjust strategies in a timely manner.
Ranking of legal platform apps for virtual currency trading
Apr 21, 2025 am 09:27 AM
This article lists the ranking of APPs for legal platforms for virtual currency transactions, emphasizing that compliance is an important consideration for choosing a platform. The article recommends platforms such as Coinbase, Gemini, and Kraken, and reminds investors to study regulatory information and pay attention to security records when making choices. At the same time, the article emphasizes that virtual currency transactions are high-risk and investments should be cautious.
How to avoid losses after ETH upgrade
Apr 21, 2025 am 10:03 AM
After ETH upgrade, novices should adopt the following strategies to avoid losses: 1. Do their homework and understand the basic knowledge and upgrade content of ETH; 2. Control positions, test the waters in small amounts and diversify investment; 3. Make a trading plan, clarify goals and set stop loss points; 4. Profil rationally and avoid emotional decision-making; 5. Choose a formal and reliable trading platform; 6. Consider long-term holding to avoid the impact of short-term fluctuations.
Top 11 list of Bitcoin Exchange Rate Conversion Global (Updated in 2025)
Apr 21, 2025 am 11:27 AM
The exchange rate of Bitcoin to currencies of various countries is as follows: 1. USD: at 7:20 on April 9, the exchange rate is 10,152.53. 2. Domestic: at 2:2 on April 9, 1 Bitcoin = 149,688.2954 yuan. 3. Swedish Krona: At 12:30 on April 9, the exchange rate was 758,541.05.
A list of top 10 global leading virtual currency trading apps in 2025
Apr 21, 2025 pm 12:06 PM
The top ten leading virtual currency trading apps in the world in 2025 are: 1. Binance, 2. Gate.io, 3. OKX, 4. Huobi Global, 5. Bybit, 6. Kraken, 7. FTX, 8. KuCoin, 9. Coinbase, 10. Crypto.com.
Recommended top ten digital currency APPs in the world (authoritative release in 2025)
Apr 21, 2025 pm 12:09 PM
The world's leading ten digital currency apps include: 1. OKX, 2. Binance, 3. Huobi, 4. Matcha (MXC), 5. Bitget, 6. BitMEX, 7. Pionex, 8. Deribit, 9. Bybit, 10. Kraken. These platforms have their own characteristics in security, transaction services, technical architecture, risk control team, user experience and ecosystem.
What to do if the USDT transfer address is incorrect? Guide for beginners
Apr 21, 2025 pm 12:12 PM
After the USDT transfer address is incorrect, first confirm that the transfer has occurred, and then take measures according to the error type. 1. Confirm the transfer: view the transaction history, obtain and query the transaction hash value on the blockchain browser. 2. Take measures: If the address does not exist, wait for the funds to be returned or contact customer service; if it is an invalid address, contact customer service and seek professional help; if it is transferred to someone else, try to contact the payee or seek legal help.
Top 10 virtual currency trading app rankings Top 10 virtual currency exchange rankings
Apr 21, 2025 am 09:21 AM
This article publishes the latest top ten virtual currency trading app rankings and top ten virtual currency exchange rankings in 2024, including platforms such as Binance, Ouyi and Sesame Open. The article emphasizes that when choosing a platform and APP, factors such as security, transaction experience, and compliance should be considered, and investors should be reminded to pay attention to the risks of virtual currency transactions.