According to the notices and announcements issued by the People's Bank of China and other departments, virtual currency is not issued by the monetary authorities, has no monetary attributes such as legal compensation and coercion, is not a real currency, has no legal status equivalent to currency, and cannot and should not be used as currency in the market. Citizens' investment and transactions in virtual currency are not protected by law.
On the evening of 20021May 18, China Internet Finance Association, China Banking Association and China Payment and Clearing Association jointly issued the Announcement on Preventing Speculative Risks in Virtual Currency Trading. The announcement clearly stated that relevant institutions should not carry out virtual currency-related business, and reminded consumers to raise their awareness of risk prevention and guard against property and rights losses.
Tips: The above information is for reference only. There are risks in entering the market, so the choice needs to be cautious.
Reply time: 2022-0 1-27. Please refer to the latest business changes announced by Ping An Bank in official website.