1 thought on “Has it prohibited virtual currency transactions in China?”
Brett
Virtual currency transactions are prohibited in China. The state has clearly prohibited all financial institutions and non -bank payment institutions to carry out business related to the issuance of tokens. Any legal person, illegal organization and natural person invest in virtual currency and related derivatives, and if they violate public order and customs, related civil legal acts are invalid, and the loss caused by it shall be borne by themselves; Investigation and punishment.
Legal basis: "Notice on Further Preventing and Disposal Virtual Currency Transactions Purry Risk" 1 Clarify the essential attributes of virtual currency and related business activities: (1) Virtual virtual Currency does not have the same legal status as legal currency. Bitcoin, Ethereum, and TEDA virtual currency have the main characteristics of non -currency authorities, the use of encrypted technology and distributed accounts or similar technologies, and exist in digitalization. Use. (2) Virtual currency -related business activities are illegal financial activities. Carry out the exchange business between the legal currency and the virtual currency exchange business, the virtual currency, the virtual currency of the central opponent, the provision of information intermediary and pricing services for virtual currency transactions, the token issuance financing, and virtual currency derivatives. Business activities are suspected of illegal sale of token tickets, unauthorized issuance of securities, illegal business futures business, illegal fundraising and other illegal financial activities. Anyone who conducts crimes of related illegal financial activities constitutes criminal responsibility in accordance with the law. (3) Overseas virtual currency exchanges provide services to residents in my country through the Internet that are also illegal financial activities. For domestic staff of relevant overseas virtual currency exchanges, as well as legal persons, unincorporated organizations and natural persons who know or know that they are engaged in virtual currency -related businesses, they still provide services such as marketing publicity, payment, settlement, and technical support. responsibility. (4) There are legal risks to participate in virtual currency investment trading activities. Any legal person, illegal organization and natural person invest in virtual currency and related derivatives, and if they violate public order and customs, related civil legal acts are invalid, and the loss caused by it shall be borne by themselves; Investigation and punishment.
Virtual currency transactions are prohibited in China. The state has clearly prohibited all financial institutions and non -bank payment institutions to carry out business related to the issuance of tokens. Any legal person, illegal organization and natural person invest in virtual currency and related derivatives, and if they violate public order and customs, related civil legal acts are invalid, and the loss caused by it shall be borne by themselves; Investigation and punishment.
Legal basis:
"Notice on Further Preventing and Disposal Virtual Currency Transactions Purry Risk" 1 Clarify the essential attributes of virtual currency and related business activities:
(1) Virtual virtual Currency does not have the same legal status as legal currency. Bitcoin, Ethereum, and TEDA virtual currency have the main characteristics of non -currency authorities, the use of encrypted technology and distributed accounts or similar technologies, and exist in digitalization. Use.
(2) Virtual currency -related business activities are illegal financial activities. Carry out the exchange business between the legal currency and the virtual currency exchange business, the virtual currency, the virtual currency of the central opponent, the provision of information intermediary and pricing services for virtual currency transactions, the token issuance financing, and virtual currency derivatives. Business activities are suspected of illegal sale of token tickets, unauthorized issuance of securities, illegal business futures business, illegal fundraising and other illegal financial activities. Anyone who conducts crimes of related illegal financial activities constitutes criminal responsibility in accordance with the law.
(3) Overseas virtual currency exchanges provide services to residents in my country through the Internet that are also illegal financial activities. For domestic staff of relevant overseas virtual currency exchanges, as well as legal persons, unincorporated organizations and natural persons who know or know that they are engaged in virtual currency -related businesses, they still provide services such as marketing publicity, payment, settlement, and technical support. responsibility.
(4) There are legal risks to participate in virtual currency investment trading activities. Any legal person, illegal organization and natural person invest in virtual currency and related derivatives, and if they violate public order and customs, related civil legal acts are invalid, and the loss caused by it shall be borne by themselves; Investigation and punishment.