China has made clear statements and policies regarding cryptocurrency (coins). Here are some key points:
- *Ban on cryptocurrency trading*: China completely banned cryptocurrency trading activities in 2021, including the buying, selling, and exchanging of cryptocurrencies.
- *Ban on cryptocurrency mining*: China has also banned cryptocurrency mining activities due to concerns about energy and environmental issues.
- *Development of digital yuan*: However, China is actively developing the digital yuan (e-CNY), a type of digital currency issued by the People's Bank of China.
- *Strict control*: China has intensified strict control over activities related to cryptocurrencies, including banning cryptocurrency exchanges from operating in Chinese territory.
- *Concerns about risks*: The Chinese government has expressed concerns about the potential risks of cryptocurrencies, including money laundering and financial fraud.
In summary, China has implemented strict control measures on cryptocurrencies, but at the same time, it is developing the digital yuan as part of its national monetary strategy.