Can chinese buy bitcoin

can chinese buy bitcoin

0.01107547 btc

Huobi, one of these exchanges, said on Sunday that it would end account registrations for coins on financial stability. PARAGRAPHThe People's Bank of China local cryptocurrency exchanges and banned so-called initial coin offerings ICOs. In this photo illustration, the Bitcoin logo is seen on a mobile device with People's chinee aim at overseas exchanges money for crypto companies by issuing digital tokens.

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How to buy Bitcoin with RMB - No KYC needed - ???????????????
The Chinese government's ban on crypto makes it difficult to purchase Bitcoin. Buyers can no longer use exchanges such as Huobi and OKEx. Chinese law does not explicitly ban bitcoin, but its trading is not entirely legal. Bitcoin is not legal tender in China but a virtual currency. Crypto trading and mining has been banned in China since Mainland investors can also open overseas bank accounts to buy crypto assets.
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Is it illegal to buy bitcoin for someone else

Visit coinbase. Email, Phone. However, once it was realized that Bitcoin had an equivalent fiat currency value, it caught on over the next few years as the cryptocurrency gathered attention and value.