Virtual Currency in China


How to use virtual currency within mainland China?

2023-06-04 04:51

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Virtual currency is a type of digital currency that is created and traded using cryptographic methods, and is usually decentralized and not backed by any government or financial institution. In China, virtual currencies are not recognized as legal tender and are subject to strict regulations. The Chinese government has taken measures to curb the use of virtual currencies, due to concerns such as money laundering and fraud. However, the use of virtual currencies continues to be a popular form of investment and payment method in China, with many individuals and businesses engaging in virtual currency transactions.

Release time 2023 06 04

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