Professional list of Chinese virtual currency exchange platforms
- WBOYOriginal
- 2024-07-10 11:57:521007browse
In China, virtual currency trading is illegal, and there is currently no operating professional exchange platform. The Chinese government has banned domestic virtual currency exchanges since 2021 and banned individuals and institutions from participating in virtual currency trading and mining.
Professional List of China Virtual Currency Exchange Platform
The Chinese government has been taking severe measures to crack down on virtual currency trading. The government has banned domestic virtual currency exchanges from operating since 2021. Therefore, there is currently no professional virtual currency exchange platform operating in China.
Related background information:
- The People’s Bank of China issued an announcement in 2013, determining that virtual currencies do not have legal tender status and prohibiting financial institutions from participating in virtual currency transactions.
- In 2017, the Chinese government shut down all domestic virtual currency exchanges.
- In 2021, the Chinese government further tightened its supervision of virtual currencies and prohibited individuals and institutions from participating in virtual currency transactions and mining.
Important Note:
Since virtual currency trading is illegal in China, investors are advised to avoid participating in such activities. Violations of regulatory regulations may result in fines, asset freezes and criminal prosecution.
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