Can Bitcoin be bought and sold in China?
Bitcoin can be bought and sold in China, but it needs to be done through over-the-counter (OTC) transactions, and there are counterparty risks, money laundering risks, price fluctuation risks and legal risks. Legal and compliant purchases and sales of Bitcoin should be conducted through compliant overseas trading platforms, comply with regulatory regulations, and conduct risk assessments.
Can domestic Bitcoin be bought and sold?
Answer: Yes, but there are conditions.
Details:
In September 2021, the People's Bank of China and other ten ministries and commissions jointly issued the "Notice on Further Preventing and Dealing with the Risks of Speculation in Virtual Currency Transactions", clarifying Financial institutions and payment institutions are prohibited from providing services for virtual currency-related businesses. Therefore, domestic mainstream financial institutions and payment platforms have stopped Bitcoin buying and selling services.
However, over-the-counter (OTC) trading of Bitcoin between individuals is still allowed. OTC transactions refer to direct sales and purchases between individuals, without going through any trading platform or institution. This type of trading is not officially regulated, but carries higher risks.
Risks of OTC Bitcoin Trading:
- Counterparty Risk: How to ensure the reliability and honesty of counterparties?
- Money Laundering Risk: The anonymity of Bitcoin may be used for money laundering activities.
- Price Fluctuation Risk: The price of Bitcoin fluctuates violently, which may lead to losses.
- Legal risk: OTC trading is not regulated, and if a dispute occurs, it is difficult to hold accountable.
Suggestions for legal and compliant buying and selling of Bitcoin:
- Can only be bought and sold through compliant overseas trading platforms.
- Choose a reputable trading platform and understand its risk control measures.
- Comply with domestic regulatory regulations and do not participate in illegal activities such as money laundering.
- Do a good job of risk assessment and invest prudently.
The above is the detailed content of Can Bitcoin be bought and sold in China?. For more information, please follow other related articles on the PHP Chinese website!
Top 10 Bitcoin trading platforms app BTC exchange rankingsApr 22, 2025 pm 02:48 PMThe top ten Bitcoin trading platforms include: 1. OKX, 2. Binance, 3. gate.io, 4. Huobi, 5. Coinbase, 6. KuCoin, 7. Kraken, 8. Bitfinex, 9. Bybit, 10. Bitstamp. These apps provide real-time market trends, technical analysis and price reminders to help users monitor market dynamics in real time and make informed investment decisions.
Top 10 digital virtual currency trading app rankings Top 10 digital currency exchange rankings in 2025Apr 22, 2025 pm 02:45 PMThe top ten digital currency exchanges are: 1. OKX, 2. Binance, 3. gate.io, 4. Coinbase, 5. Kraken, 6. Huobi, 7. KuCoin, 8. Bitfinex, 9. Bitstamp, 10. Poloniex. These exchanges are selected based on factors such as transaction volume, user experience and security, and all provide a variety of digital currency trading services and an efficient trading experience.
Top 10 virtual currency app trading platforms Recommended The latest ranking of the top 10 virtual currency exchangesApr 22, 2025 pm 02:42 PMThe top ten virtual currency app trading platforms are: 1. Binance, 2. OKX, 3. gate.io, 4. Coinbase, 5. Kraken, 6. Huobi, 7. KuCoin, 8. Bybit, 9. Bitfinex, 10. Bittrex, these platforms were selected for their excellent performance in user experience, security, handling fees and transaction volume.
Top 10 Global Virtual Currency Exchange Rankings Top 10 Latest Virtual Currency APPs in 2025Apr 22, 2025 pm 02:39 PMTop 10 global virtual currency exchanges rankings: 1. OKX, 2. Binance, 3. Gate.io, 4. Huobi, 5. Coinbase, 6. Kraken, 7. Bitfinex, 8. KuCoin, 9. Bybit, 10. Bitstamp, these platforms provide real-time market trends, technical analysis tools and user-friendly interfaces to help investors conduct effective market analysis and trading decisions.
Ranking of the top ten free virtual currency app exchanges. Recommended digital currency trading platform rankings in 2025Apr 22, 2025 pm 02:36 PMThe top ten free viewing software apps recommended include: 1. OKX, 2. Binance, 3. gate.io, 4. Huobi, 5. Coinbase, 6. KuCoin, 7. Kraken, 8. Bitfinex, 9. Bybit, 10. Bitstamp. These apps provide real-time market trends, technical analysis and price reminders to help users monitor market dynamics in real time and make informed investment decisions.
Top 10 virtual currency app exchanges rankings The latest list of top 10 virtual currency exchangesApr 22, 2025 pm 02:33 PMTop 10 virtual currency app exchanges: 1. OKX, 2. Binance, 3. Gate.io, 4. Huobi, 5. Coinbase, 6. Kraken, 7. Bitfinex, 8. KuCoin, 9. Bybit, 10. Bitstamp, these platforms provide real-time market trends, technical analysis tools and user-friendly interfaces to help investors conduct effective market analysis and trading decisions.
Reliable and easy-to-use virtual currency exchange app recommendations The latest ranking of the top ten exchanges in the currency circleApr 22, 2025 pm 01:21 PMThe reliable and easy-to-use virtual currency exchange apps are: 1. Binance, 2. OKX, 3. Gate.io, 4. Coinbase, 5. Kraken, 6. Huobi Global, 7. Bitfinex, 8. KuCoin, 9. Bittrex, 10. Poloniex. These platforms were selected as the best for their transaction volume, user experience and security, and all offer registration, verification, deposit, withdrawal and transaction operations.
What are the easy-to-use and safe digital currency trading apps? The latest ranking of the top ten virtual currency trading platforms in 2025Apr 22, 2025 pm 01:18 PMEasy to use and safe digital currency trading apps include: 1. OKX, suitable for professional traders and institutional users; 2. Binance, the world's largest trading volume, and local compliance needs to be confirmed; 3. Gate.io, suitable for niche token trading; 4. Kraken, an old exchange, suitable for European and American users; 5. Coinbase, suitable for novices; 6. Bybit, good derivative trading experience; 7. Bitget, outstanding order trading system; 8. KuCoin, suitable for exploring potential projects; 9. HTX, need to pay attention to brand transformation, etc.
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
Atom editor mac version download
The most popular open source editor
SublimeText3 Linux new version
SublimeText3 Linux latest version
mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),
Zend Studio 13.0.1
Powerful PHP integrated development environment
SecLists
SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.
