What is the current status of crypto trading legality in China?

3 answers

• Siddhant BahugunaSep 27, 2024 · a year ago
  As of now, cryptocurrency trading is prohibited in China. The government has imposed strict regulations to prevent the use of digital currencies for illegal activities such as money laundering and fraud. However, it's worth noting that China has been exploring the development of its own digital currency, the Digital Yuan, which may have different regulations and restrictions compared to other cryptocurrencies.
  413

  207
• Elizabeth CopperMar 27, 2024 · 2 years ago
  Crypto trading in China is currently illegal. The government has taken a strong stance against cryptocurrencies due to concerns about financial stability and capital outflows. The ban on crypto trading has been in place since 2017, and there haven't been any significant changes in the regulations since then.
  309

  103
• mmm mmmJul 28, 2022 · 3 years ago
  According to the current regulations in China, cryptocurrency trading is not allowed. However, it's important to note that the situation is constantly evolving, and there have been discussions about potential changes in the future. It's advisable to stay updated with the latest news and regulations from the Chinese government regarding cryptocurrency trading.
  361

  91