RATE Group | Regulation Of Cryptocurrency In China – Technology
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Regulation Of Cryptocurrency In China – Technology

29 May Regulation Of Cryptocurrency In China – Technology

Posted at 15:07h in Cryptocurrency News by


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Cryptocurrency-related activities have received little tolerance
from the Chinese government. Initial coin offerings (ICO) were
banned in China in September 2017. Exchange platforms that traded
cryptocurrencies or provided facilitation services were also
ordered to be closed following the crackdown on ICO. Many exchanges
chose to relocate to jurisdictions that are more favorable to
cryptocurrencies than China. However, due to the long-arm
jurisdiction of the Chinese criminal laws, organizers and promoters
of overseas ICO and exchanges may not be free from the jurisdiction
of Chinese criminal laws, if those persons are Chinese citizens or
if Chinese investors invested in overseas ICO or traded
cryptocurrencies on overseas exchanges.

Interestingly, it is not illegal to hold Bitcoins and other
cryptocurrencies or even to buy or sell them in China….

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