Overseas, Bitcoin is the most valuable virtual currency. Why doesn't China recognize Bitcoin?

Possession of Bitcoin is not illegal in China. According to the Notice on Preventing Bitcoin Risks, Bitcoin is a "specific virtual commodity". Bitcoin, as a virtual property, has the property of a commodity and is legal in law. However, Bitcoin cannot be circulated in the market as currency, and trading platforms such as CMC market platform are not recognized by China law. Up to now, it is forbidden for any domestic platform or institution to engage in the exchange business between legal tender and tokens and "virtual currency", or to buy or sell tokens or "virtual currency" as a central counterparty, or to provide pricing and information intermediary services for tokens or "virtual currency". In other words, the value conversion between Bitcoin and RMB is not supported in principle.

Tips:

① The above instructions are for reference only and do not make any suggestions.

(2) There are risks in entering the market, so investment needs to be cautious.

Reply time: 202 1-08- 16. Please refer to the latest business changes announced by Ping An Bank in official website.

[I know Ping An Bank] Want to know more? Come and watch I Know Ping An Bank ~

/paim/iknow/index.html