Is trading cryptocurrency illegal in China? Let’s clarify 3 key points!
Many people often ask: “Is it legal to trade cryptocurrency in China?”
Today, I will explain it clearly, so you won't be scared anymore:
1. Trading cryptocurrency itself is not illegal
Currently, there are no laws in China that prohibit individuals from holding or trading virtual currencies like Bitcoin.
The policy stance can be summarized in one sentence:
👉 “Not supported, no safety net, risks are borne by individuals.”
You can buy, you can sell, but if you make money, it's yours; if you lose, don't seek the government.
2. What is illegal is the “RMB deposit and withdrawal methods”
The core issue is not “trading cryptocurrency,” but rather “how to deposit and withdraw funds.”
If you use:
Bank cards
Alipay
To directly buy and sell cryptocurrency, you are violating the central bank's regulatory rules for payment institutions.
📌 Note: This is not a criminal offense; it is an administrative violation, and banks must enforce it.
3. A frozen bank card does not mean you have broken the law
Here’s the key point:
What is frozen is the “card number,” not the “person.”
The bank is only suspending part of your card's functionality.
No criminal record, you won't be arrested, and it is not a crime.
The solution is simple: cancel the card, get a new card, problem solved.
Don’t jump to conclusions; don’t confuse “risk control” with “imprisonment.”
Trading cryptocurrency itself is not illegal, using RMB channels is a violation but not a crime, and risk control is just actions taken by the bank.
If you want to trade, go ahead; don’t engage in shady practices.
Operational compliance is more important than anything else!
Share this with friends who are still worried about “trading cryptocurrency being illegal” to reassure them!
If you have questions, feel free to leave a comment, and let’s clarify this together!