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Is Ethereum legal? Is this an act of state?
Legal, but not an act of state.

In China, virtual currency is virtual property on the Internet in China, while virtual property is legal in China. Therefore, the Ethereum you bought or obtained by mining from Ethereum is protected by law and legal.

It is an underlying system that can realize smart contracts and open source on the blockchain. This is a brand-new and open blockchain platform, which allows anyone to build and use decentralized applications running through blockchain technology. Just like Bitcoin, Ethereum is not controlled by anyone or owned by anyone-it is an open source project founded by many people all over the world.