Is Bitcoin trading prohibited in China in 2021 (Is Bitcoin legal in China in 2021)

1. Will China ban the trading of Bitcoin in 2021 (Is Bitcoin legal in China in 2021)

php editor Yuzi: Is Bitcoin legal in China in 2021? Brief description: In 2021, the Chinese government further strengthened the supervision of virtual currencies and explicitly prohibited any form of virtual currency transactions, including Bitcoin. This means that Bitcoin is illegal in China, and anyone involved in Bitcoin transactions will be punished by law.

It needs to be clear that there are currently no laws and regulations explicitly prohibiting Bitcoin transactions in China. In other words, Bitcoin is not an illegal transaction in China. China has always adopted a cautious attitude towards Bitcoin. It has repeatedly emphasized that Bitcoin is not a legal currency, does not have legal compliance, and is subject to large price fluctuations and speculation risks. China has imposed certain restrictions and regulations on Bitcoin transactions.

China ordered the closure of Bitcoin exchanges in 2017, requiring the closure of Bitcoin trading platforms. This move resulted in significant fluctuations in the price of Bitcoin. China has also banned financial institutions and payment institutions from providing Bitcoin-related services. These measures have restricted Bitcoin transactions in China to a certain extent.

Despite this, China has not completely banned Bitcoin trading, nor has it explicitly stipulated that the holding and trading of Bitcoin is illegal. It is not illegal for individuals to hold and trade Bitcoin. However, it should be noted that the price of Bitcoin fluctuates greatly, so investment needs to be cautious.

China has not completely banned Bitcoin transactions in 2021, and Bitcoin is not an illegal trading species in China. However, China has adopted certain restrictions and regulatory measures on Bitcoin, and investors need to treat Bitcoin investments rationally.

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