Legal analysis: There is no clear legal basis to prove the legality of bitcoin investment in China. Because bitcoin is just a technology and method, whether it is a scam or not is unknown. However, different bitcoin investments, according to their different forms, may be scams or crimes. First of all, due to the lack of supervision, most of its circulation and trading forms are similar to securities issuance and listing, and there is an act of setting up an exchange for trading.

Legal basis: Regulations on the Administration of RMB.

Article 25 Illegal trading of RMB in circulation is prohibited.

The sale of commemorative coins shall comply with the relevant provisions of the People's Bank of China.

Article 26 The binding, circulation and operation of RMB circulation business shall be approved by the People's Bank of China.