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Ban on Cryptocurrencies
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The Current State of Cryptocurrency Trading in Mainland China: An Analysis of Policies on Bitcoin, and USDT Trading Platforms
Since 2021, mainland China has imposed a comprehensive ban on all cryptocurrency trading activities, including trading in Bitcoin and USDT. People's Bank of China (PBOC) and other government agencies have classified cryptocurrency-related businesses as illegal financial activities and have continued to tighten regulations, cracking down severely on over-the-counter (OTC) trading and cross-border financial activities. Although the personal holding of cryptocurrency does not in itself constitute a clear violation of the law, these assets are not protected by law, and trading through overseas platforms poses significant legal and financial risks.
19/07/2026 20:19
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The Current State of Cryptocurrency Trading in Mainland China: An Analysis of Policies on Bitcoin, and USDT Trading Platforms
Since 2021, mainland China has imposed a comprehensive ban on all cryptocurrency trading activities, including trading in Bitcoin and USDT. People's Bank of China (PBOC) and other government agencies have classified cryptocurrency-related businesses as illegal financial activities and have continued to tighten regulations, cracking down severely on over-the-counter (OTC) trading and cross-border financial activities. Although the personal holding of cryptocurrency does not in itself constitute a clear violation of the law, these assets are not protected by law, and trading through overseas platforms poses significant legal and financial risks.
19/07/2026 20:19
Ban on Cryptocurrencies
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