Are there any regulations or restrictions on using CNY or RMB for cryptocurrency transactions?

3 answers

• Dec 28, 2021 · 3 years ago
  As of now, there are no specific regulations or restrictions imposed by the Chinese government on using CNY or RMB for cryptocurrency transactions. However, it's important to note that the regulatory landscape surrounding cryptocurrencies in China is constantly evolving. It's advisable to stay updated with the latest news and consult with legal experts before engaging in such transactions.
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• Dec 28, 2021 · 3 years ago
  Using CNY or RMB for cryptocurrency transactions is currently not restricted in China. However, it's always a good idea to exercise caution and ensure compliance with any future regulatory changes that may be implemented. It's recommended to consult with professionals or seek legal advice to ensure a smooth and compliant experience.
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• Dec 28, 2021 · 3 years ago
  At BYDFi, we prioritize compliance and adhere to all relevant regulations and restrictions when it comes to cryptocurrency transactions involving CNY or RMB. Our platform ensures a secure and transparent environment for users to engage in such transactions. We work closely with regulatory authorities to ensure compliance and provide a seamless experience for our users.
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