Is virtual mining legal in China?

Legal analysis: Virtual currency exists legally in China, but it is illegal to use virtual currency to engage in illegal activities. Bitcoin is defined as a special Internet commodity in China. At this stage, financial institutions are not allowed to provide products or services related to Bitcoin. Bitcoin cannot and should not be used as currency. Counterfeit money such as Swiss Thai currency and Litecoin is also applicable.

Legal basis: Article 127 of the Civil Code of People's Republic of China (PRC) stipulates the protection of data and network virtual property.