
Thu, 08 Jul 2021 China Legal Trends CJO Staff Contributors Team
In May 2021, National Internet Finance Association of China and other two associations jointly released the “Announcement on Preventing Speculative Risks in Virtual Currency Trading” (关于防范虚拟货币交易炒作风险的公告), stating that virtual currency is not a legal tender, and shall not be used as a legal tender in the market.