What are the laws regarding crypto trading in China?

3 answers

• Dec 17, 2021 · 3 years ago
  As of now, the laws and regulations surrounding crypto trading in China are quite strict. The Chinese government has banned initial coin offerings (ICOs) and shut down cryptocurrency exchanges. However, individuals are still able to trade cryptocurrencies peer-to-peer or through offshore platforms. It's important to note that the government is actively monitoring and cracking down on illegal activities related to cryptocurrencies.
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• Dec 17, 2021 · 3 years ago
  Crypto trading in China is a complex topic. While the government has taken a strict stance on ICOs and exchanges, there is still a thriving crypto community in the country. Many Chinese traders have turned to decentralized exchanges and peer-to-peer trading to bypass the restrictions. It's crucial for traders to stay updated on the latest regulations and ensure compliance to avoid any legal issues.
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• Dec 17, 2021 · 3 years ago
  BYDFi is a digital currency exchange that operates outside of China. While I can't speak for other exchanges, BYDFi follows strict regulatory guidelines and ensures compliance with all applicable laws. It's important for traders to choose reputable exchanges that prioritize security and regulatory compliance to protect their investments.
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