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Title: Cryptocurrency Regulation in China Post by: Prateek_sharma on January 10, 2020, 11:55:55 AM Cryptocurrency regulation is not recognized legal, even Chinese banks are not accepting any existing cryptocurrency and banned the currency. On September 4, 2017, the central government regulators that were the 7 popular Chinese banks, the People’s Bank of China, the State Administration for Industry and Commerce, the Cyberspace Administration of China, the Ministry of Industry and Information technology, the China Securities Regulatory Commission and The China Banking Regulatory Commission along with the China Insurance Regulatory Commission jointly announced prevention for financial risks from ICO or (Initial Coin Offerings) just for the sake of investor’s protection from the financial risk.
Read here: https://coinpedia.org/cryptocurrency-regulation/cryptocurrency-regulation-in-china/ What's your point of view on this? Title: Re: Cryptocurrency Regulation in China Post by: DaMut on January 10, 2020, 12:00:44 PM what else? there is no legalization happening there because they have banned it completely. they said blockchain is not a cryptocurrency, crypto has nothing to do with it.
do not get your hope too high, they will not recognize it openly. |