RATE Group | Cryptocurrency in China: Over the Counter, Under the Table
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Cryptocurrency in China: Over the Counter, Under the Table

05 Aug Cryptocurrency in China: Over the Counter, Under the Table

Posted at 10:04h in Cryptocurrency News by

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Dovey Wan is a partner at Primitive Ventures, a crypto asset investment fund, and a member of CoinDesk’s advisory board.

This essay is presented as a part of No Closing Bell, a series leading up to Invest: Asia 2019 focused on how the Asian crypto markets are interacting with and impacting global investors. To keep the conversation going in person, register for Invest: Asia 2019 coming up in Singapore on Sept. 11-12. 

There remains a great deal of confusion surrounding the legal status of cryptocurrency in China.

Between headlines like “China Bans Bitcoin”, “China Bans Crypto Exchanges?”, and “China Bans Bitcoin Mining,” it’s no surprise that most people are unclear on where China stands on cryptocurrency and whether that has any real bearing on how its citizens behave.

We hope to demystify this and offer some insight into the legal status of cryptocurrency and related matters.

In law

In China, bitcoin is legally recognized and protected as virtual…

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