China: Fully Prohibit Virtual Money Business Activities
Information from the Chinese People's Bank said that virtual money like Bitcoin, ETH and Tether (USDT) are not released by monetary management agencies and are not legal, so don't and not and not Can circulate as a legal currency.0: 00/0: 54 Southern menu, all business activities related to virtual money is illegal, including transaction between sovereign currency and Virtual money, providing virtual money trading services as agents, as well as overseas virtual money exchanges providing services to Chinese people through the Internet. The National Reform and Development Committee, Ministry of Industry and Information Technology and Chinese Ministry of Public Security have announced the exploitation of virtual money as the fields need to be eliminated. The Chinese People's Bank press Strong, the Chinese government will insist on preventing virtual money speculation, related financial activities and wrongdoing acts, to protect the property of the people and maintain economic, financial and commune order assembly.
