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wholesale jewelry findings europe Legal analysis: Virtual currency is legal in China, but it is illegal to use virtual currency to engage in illegal activities. Bitcoin is defined as a special Internet product in China. At this stage, financial institutions shall not provide Bitcoin -related products or services. Bitcoin cannot be used as currency. Congzhan coins such as Ritai and Litecoin are also applicable.
The legal basis: If the Law of the People's Republic of China has the provisions of the protection of data and network virtual property in Article 127, the law shall be in accordance with its provisions.