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Policies and Regulations
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Status of Virtual Currency Trading Platforms in Mainland China: Regulation and Risks Under a Comprehensive Ban
Since September 2021, mainland China has implemented a comprehensive ban on virtual currency trading and related activities, explicitly classifying them as illegal financial activities and continuously strengthening supervision. This means that within mainland China, there are no legal and compliant virtual currency trading platforms or applications. Although some international platforms have been mentioned as potentially accessible, such activities carry extremely high legal and financial risks, and participants must bear all consequences themselves. This article aims to analyze mainland China's regulatory framework, legal risks, and market status.
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China's Cryptocurrency Trading Landscape and Risk Analysis: No Legal and Secure Trading Platforms Exist
Since 2021, mainland China has completely banned virtual currency trading and related financial activities, reiterating the ban multiple times in 2025-2026. This means there are no legal, safe, and regulated virtual currency exchange apps within mainland China. Individuals participating in virtual currency trading face severe legal and financial risks, and any platform claiming to offer such services may be involved in illegal activities.
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Analysis of Virtual Currency Trading Platforms and Regulatory Status in Mainland China
According to the latest regulatory policies in mainland China, there are no "legitimate virtual currency trading platforms" or software that can legally trade virtual currencies within the country. Since 2021, the People's Bank of China (PBOC) and other departments have completely banned virtual currency-related business activities and continue to strengthen supervision. Although the legality of individuals holding cryptocurrencies as property has been reflected in judicial practice, any activities involving trading, speculation, or financing are still considered illegal financial activities and carry extremely high legal and financial risks.
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US merchants increasingly rounding cash payments and adding credit card surcharges amid penny production halt and rising swipe fees
Following the U.S. Mint's halt of penny production last year, many merchants have started rounding cash transactions to the nearest nickel. States are enacting laws to govern this practice, and a fede
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Current State of Virtual Currency Regulation in Mainland China and an Overview of Major Global Trading Platforms
Since 2021, mainland China has completely banned virtual currency trading and related activities, explicitly classifying them as illegal financial activities. There are no officially recognized "legitimate" trading platforms within the country. While individuals holding virtual currencies are considered to possess virtual property, their trading activities are not protected by law. This article will outline mainland China's regulatory policies and introduce some major global virtual currency trading platforms, emphasizing that their use must comply with local laws and regulations, and warning of associated risks.
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Hawaii to Ban Crypto ATMs and Kiosks Starting Oct. 1
Hawaii will become the fourth US state, joining Minnesota, Tennessee, and Indiana, to completely ban the use of cryptocurrency ATMs and kiosks. The ban, effective October 1, is in response to scams.
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Rep. Ro Khanna to introduce "Data Center Bill of Rights" to give communities power to reject AI power plants amid rising utility costs
The resolution aims to empower local communities to reject data center construction, bar facilities within 2,500 feet of homes or schools, and ensure utility bills do not increase due to their energy
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US merchants increasingly rounding cash payments and adding credit card surcharges amid penny production halt and rising swipe fees
Following the U.S. Mint's halt of penny production last year, many merchants have started rounding cash transactions to the nearest nickel. States are enacting laws to govern this practice, and a fede
-
Hawaii to Ban Crypto ATMs and Kiosks Starting Oct. 1
Hawaii will become the fourth US state, joining Minnesota, Tennessee, and Indiana, to completely ban the use of cryptocurrency ATMs and kiosks. The ban, effective October 1, is in response to scams.
-
Rep. Ro Khanna to introduce "Data Center Bill of Rights" to give communities power to reject AI power plants amid rising utility costs
The resolution aims to empower local communities to reject data center construction, bar facilities within 2,500 feet of homes or schools, and ensure utility bills do not increase due to their energy
-
Status of Virtual Currency Trading Platforms in Mainland China: Regulation and Risks Under a Comprehensive Ban
Since September 2021, mainland China has implemented a comprehensive ban on virtual currency trading and related activities, explicitly classifying them as illegal financial activities and continuously strengthening supervision. This means that within mainland China, there are no legal and compliant virtual currency trading platforms or applications. Although some international platforms have been mentioned as potentially accessible, such activities carry extremely high legal and financial risks, and participants must bear all consequences themselves. This article aims to analyze mainland China's regulatory framework, legal risks, and market status.
-
China's Cryptocurrency Trading Landscape and Risk Analysis: No Legal and Secure Trading Platforms Exist
Since 2021, mainland China has completely banned virtual currency trading and related financial activities, reiterating the ban multiple times in 2025-2026. This means there are no legal, safe, and regulated virtual currency exchange apps within mainland China. Individuals participating in virtual currency trading face severe legal and financial risks, and any platform claiming to offer such services may be involved in illegal activities.
-
Analysis of Virtual Currency Trading Platforms and Regulatory Status in Mainland China
According to the latest regulatory policies in mainland China, there are no "legitimate virtual currency trading platforms" or software that can legally trade virtual currencies within the country. Since 2021, the People's Bank of China (PBOC) and other departments have completely banned virtual currency-related business activities and continue to strengthen supervision. Although the legality of individuals holding cryptocurrencies as property has been reflected in judicial practice, any activities involving trading, speculation, or financing are still considered illegal financial activities and carry extremely high legal and financial risks.
-
Current State of Virtual Currency Regulation in Mainland China and an Overview of Major Global Trading Platforms
Since 2021, mainland China has completely banned virtual currency trading and related activities, explicitly classifying them as illegal financial activities. There are no officially recognized "legitimate" trading platforms within the country. While individuals holding virtual currencies are considered to possess virtual property, their trading activities are not protected by law. This article will outline mainland China's regulatory policies and introduce some major global virtual currency trading platforms, emphasizing that their use must comply with local laws and regulations, and warning of associated risks.
Policies and Regulations
24H Trending
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1
Musk reposted a tweet stating that OpenAI's AI agents are conducting "self-adventurous experiments" in a "safety sandbox," even pressuring each other for "permanent death" in exchange for collective benefit.
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2
Houthis attack Saudi capital and Aramco facilities, US warns of "rapid escalation" of conflict, Saudi Arabia urgently seeks aid from multiple countries.
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3
Hong Kong to expand renminbi-denominated bond, gold and commodity markets, says Financial Secretary Paul Chan
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4
OpenAI is in preliminary discussions with investors for a new private funding round, potentially valuing the company at over $1.2 trillion.
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5
NVIDIA VP: Vera Rubin Platform Achieves 30x Throughput Increase on Agentic AI Workloads
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6
Musk reposted a SpaceX tweet, confirming the deployment of 27 Starlink satellites.
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7
Goldman Sachs: Market "pricing in 4 rate hikes" is overly pessimistic, expects only two rate hikes in this cycle.
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8
NVIDIA VP: Agentic AI to Boost Computing Power Demand 100-fold, Altering Traditional Scheduling Models
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9
Big Tech uses guarantees to keep $300bn of AI exposure off balance sheets, with Wall Street facilitating cheaper funding
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10
Google executive says Asia's AI adoption is outpacing perception, with demand rising for cost-effectiveness
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