Is conflux legal in China?

Could you kindly enlighten me on the legality of Conflux in China? I've been hearing a lot about this cryptocurrency recently, and I'm quite curious to know if it's recognized and regulated by the Chinese authorities. Is there any specific regulation or policy surrounding Conflux in China? Or perhaps, has there been any recent development or announcement from the government regarding its status? I'd appreciate any insights you can provide on this matter. Thank you.