Cryptocurrency Q&A
Is cryptocurrency trading illegal in China?
Is cryptocurrency trading illegal in China?
Riccardo
Sun Jul 07 2024
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6 answers
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Matteo
Tue Jul 09 2024
The bank has also indicated its intention to severely punish any individual or entity found engaging in cryptocurrency trading, regardless of whether they operate from overseas platforms or within China's borders.
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Skywalker
Tue Jul 09 2024
The People's Bank of China (PBOC), China's central bank, has issued a stern warning against facilitating cryptocurrency trading.
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SeoulSoul
Tue Jul 09 2024
According to the PBOC, such activities are considered illegal within the country and are subject to strict legal sanctions.
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CryptoTitanGuard
Mon Jul 08 2024
This move reflects the government's concern over the potential risks posed by cryptocurrencies, including their use in illegal activities such as money laundering and fraud.
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Maria
Mon Jul 08 2024
Cryptocurrencies, such as Bitcoin and Ethereum, have gained significant popularity in recent years due to their decentralized nature and potential for high returns.
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