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Are there any restrictions or regulations on converting CNY to CNH for cryptocurrency purposes?

avatargddmrubel miaMar 23, 2022 · 3 years ago3 answers

What are the current restrictions or regulations on converting Chinese Yuan (CNY) to offshore Chinese Yuan (CNH) for cryptocurrency transactions?

Are there any restrictions or regulations on converting CNY to CNH for cryptocurrency purposes?
Cryptocurrency
CNY
CNH

3 answers

  • avatarMar 23, 2022 · 3 years ago
    As of now, there are no specific restrictions or regulations on converting CNY to CNH for cryptocurrency purposes. However, it's important to note that the cryptocurrency regulations in China are constantly evolving, and it's always a good idea to stay updated with the latest developments to ensure compliance with the law.
  • avatarMar 23, 2022 · 3 years ago
    Nope, you're free to convert CNY to CNH for cryptocurrency transactions. Just make sure you're aware of any potential changes in the regulations, as they can be quite unpredictable in the crypto world!
  • avatarMar 23, 2022 · 3 years ago
    According to BYDFi, a leading cryptocurrency exchange, there are currently no restrictions or regulations on converting CNY to CNH for cryptocurrency purposes. However, it's always recommended to consult with a legal professional or stay updated with the latest news to ensure compliance with any changes in the regulatory landscape.

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