Our country’s laws do not explicitly prohibit Bitcoin, but its transactions are not completely legal. Bitcoin is not my country's legal currency but a virtual currency and cannot be used for transactions like RMB. Bitcoin exists in our country. It is not illegal to simply hold Bitcoin. However, our country has restricted the transaction of Bitcoin. Generally, it can only be traded and transferred between individuals and is not allowed to be sold to the public because it is relatively large. investment management risks.

Legal basis: Article 3 of the "Regulations of the People's Republic of China on the Administration of RMB" The legal currency of the People's Republic of China is RMB. All public and private debts within the territory of the People's Republic of China and the People's Republic of China shall be paid in RMB, and no unit or individual may refuse to accept the payment. Is Bitcoin illegal?

Although the country did not allow institutions to participate in Bitcoin investment in 2013, it was clearly stated at that time that Bitcoin was a virtual commodity. It is not illegal for ordinary investors to participate in investments under the condition that they are responsible for their own profits and losses.

The Supreme People's Court and the National Development and Reform Commission jointly issued the "Opinions on Providing Judicial Services and Guarantees for Accelerating the Improvement of the Socialist Market Economic System in the New Era". Opinion requirements: Strengthen the protection of new rights and interests such as digital currency, online virtual property, and data, and give full play to the value-leading role of judicial judgments in the protection of property rights; crack down on illegal and criminal acts targeting entrepreneurs and seriously endangering the development of private enterprises, and recover private enterprises in accordance with the law Improve the property return and compensation system for property that has been misappropriated or misappropriated. Bitcoin has been recognized as a digital asset, and it is not illegal for ordinary people to buy and sell Bitcoin legally.

The above information is proof that investors participating in Bitcoin transactions do not violate the rules. It is legal for ordinary investors to play with Bitcoin, but some people are doing illegal things in a compliant market. As long as there is no problem with your source of funds, then any amount of Bitcoin you buy is legal. This is your personal asset. Just like your house or car, if someone robs you of your Bitcoins or other things, you can protect your interests through legal means. Although our country does not openly support Bitcoin like countries like Germany, Japan, and South Korea, it does not oppose Bitcoin and feels that Bitcoin has no value.

What should you pay attention to when playing Bitcoin?

1: Don’t play with leveraged contracts

The currency trends in the currency circle are inherently exciting and exciting. It can be said that it comes with leverage. If you add leverage, it will expand the risk without limit. , the final liquidation is 100% the result! Don’t ask me why I know, I have gone bankrupt and incurred debts by playing contracts. The money I earned was all brought by spot money, and contracts are just my game.

2: Don’t trade on small exchanges

Many of the small exchanges are rubbish from team to technology, and even the bosses themselves are not well-intentioned. There are too many exchanges, and there are too many unscrupulous bosses to list them all. If you make a lot of money and end up with the exchange, you can imagine what kind of psychological gap you will have.

3: Don’t touch some air coins and MLM coins

The kind of money that solicits people to buy coins and then asks you to buy them again must be MLM coins. If you If you really don’t know how to tell the difference, then download aicoin or "Feixiaohao" to check the top 100 currencies by market value. You will never encounter these scumbags.

4: Don’t just listen to hearsay all day long and follow what others say. There is no market that only rises but never falls. Have your own plan. Make as much profit as you like and stop losing as much as you make. Remember to withdraw money when you make almost as much, no matter how crazy the rise is. , how cruel it is when it falls. If you are always swayed by market sentiment, sooner or later you will have to give back what you earn.

5: Learn more about the relationship between blockchain and currency. Don’t just treat currency speculation as speculation, but understand the logic behind the currency. You cannot say that you must be knowledgeable about the blockchain industry. , at least you should have a certain level of awareness, rather than just speculation. Only when you have level of awareness can you reap what kind of wealth.