False.

Due to the official background and hot pilot activities of digital currency, many cases of tricks and fraud have appeared. Digital credit apps are also suspected of committing fraud under the guise of the central bank’s digital currency.

my country prohibits the speculation of any virtual digital currency. Except for the digital renminbi issued by the central bank, it does not recognize the legitimacy of any other digital currency. Investors participate in the speculation of digital currencies. Since the trading website, server, and collection account are all overseas, it is often difficult to recover the losses through judicial procedures after losses occur.