Stefano
Fri Jun 07 2024
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5 answers
756
Does China allow cryptocurrency?｜. Run used bank cards issued by small rural commercial banks to buy cryptocurrencies through grey-market dealers, and capped each transaction at 50,000 yuan ($6,978) to escape scrutiny. "Bitcoin is a safe haven, like gold," says Run.Crypto trading and mining has been banned in China since 2021
Does China permit the existence and use of cryptocurrency? Given the statement that "Crypto trading and mining has been banned in China since 2021," it seems to indicate a clear prohibition. However, there are reports of individuals like Run, who seem to circumvent these regulations by using grey-market dealers and bank cards issued by small rural commercial banks to purchase cryptocurrencies. This practice appears to be done in a way that avoids scrutiny, with each transaction capped at 50,000 yuan ($6,978). Despite this, does China still allow some form of cryptocurrency activity to take place, or is it strictly prohibited? And if it's prohibited, how effective are these measures in stopping the underground trading and mining of cryptocurrencies?
GinsengBoost
Fri Jun 07 2024
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7 answers
1499
What is ETF in cryptocurrency?
What exactly is an ETF in the realm of cryptocurrency? Could you please explain its fundamental concept? I'm particularly interested in understanding how it differs from other investment vehicles in the crypto space. Also, I'd like to know if ETFs in crypto provide diversification benefits and how they can help mitigate risks associated with investing in individual cryptocurrencies. Additionally, could you shed some light on the performance and potential returns of crypto ETFs? I'm eager to gain a deeper understanding of this topic.
RainbowlitDelight
Fri Jun 07 2024
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5 answers
1373
Is bubble cash safe?
Could you please elaborate on the safety concerns surrounding bubble cash? Is it a reliable form of cryptocurrency, or does it pose significant risks? How does it compare to other digital currencies in terms of security? Are there any specific vulnerabilities or red flags that investors should be aware of? Additionally, what measures can be taken to ensure the safety of transactions involving bubble cash? Thank you for your insights.
Sara
Fri Jun 07 2024
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7 answers
1482
Is crypto legal tender in Australia?｜and are treated as property. It is legal to trade, spend, receive and store cryptocurrency, and they are an accepted means of payment for personal and business transactions, although merchants are not obliged to accept it. Bitcoin (BTC) and other cryptocurrencies are legal in Australia
Could you clarify the legal status of cryptocurrency in Australia? I understand it's treated as property, but is it officially recognized as legal tender? Also, is it permissible to trade, spend, receive, and store crypto in Australia? Additionally, are cryptocurrencies such as Bitcoin (BTC) widely accepted as a means of payment for personal and business transactions? However, am I correct in assuming that merchants are not obligated to accept cryptocurrency as payment?
Martina
Fri Jun 07 2024
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5 answers
882
Which bank is crypto friendly in UAE?｜In the UAE, the First Abu Dhabi Bank (FAB) is known to support cryptocurrency trading. They have partnered with cryptocurrency exchanges to provide banking services for customers looking to trade in digital assets.
Which bank in the UAE is known for its friendly attitude towards cryptocurrency? I've heard rumors about some institutions offering support for crypto trading, but I'm not sure which one is the most reliable. Could you shed some light on this matter? I'm particularly interested in learning more about the bank that has forged partnerships with cryptocurrency exchanges to facilitate banking services for digital asset traders. Is there a specific bank in the UAE that stands out in this regard?
