(1) According to the notice jointly issued by ten ministries of the country regarding further prevention and handling of risks in virtual currency trading speculation, domestic virtual currency trading platforms have been completely banned.
(2) It is considered a violation if overseas exchanges provide trading, exchange, and other services to domestic residents via the internet.
(3) Domestic personnel providing technical support to overseas exchanges may face criminal liability.
(4) Institutions or individuals assisting overseas exchanges in payment and settlement will also face legal accountability.
(5) Financial institutions are prohibited from providing account opening, fund transfer, and other services for virtual currency trading.
(6) Non-bank payment institutions are not allowed to participate in clearing and settlement of virtual currencies.
(7) Transactions of virtual currencies between individual citizens are not explicitly prohibited and fall under civil behavior.
(8) According to the principle of 'what is not explicitly prohibited by law is allowed,' personal transactions of virtual currencies generally do not constitute illegal activities.