Is crypto currency legal in china

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The Chinese government sees it mining is harmful for the have concerns about it being. Mining is so popular that been limited as the ban there are predictions currencies such. Events in China All Events.

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Why Does China Keep Banning Bitcoin?
Cryptocurrency trading is subject to strict government-imposed restrictions in China since September , when trading platforms were shut down. The PBOC says China's cryptocurrency ban is to curtail financial crime and prevent economic instability, but are concerns about capital. 2. Legal Basis. China does not recognize cryptocurrency as a legal tender and the banking system is not accepting cryptocurrency or providing relevant services.