在中国建矿比特币合法吗现在在中国建矿比特币合法吗知乎

2022-01-27 09:43:30

1. 比特币挖矿在国内算不算违法

不算暂时没有法律看以后政府怎么看待了

2. 比特币在中国合法吗

事实上，比特币在中国不存在合法不合法问题，因为比特币根本就是互联网诞生出来的，并不可怕。就像是游戏里虚拟的商品，大部分人认可，愿意用钱来买它，所以，不能用不合法这个字眼去定性它，国家只能去规范它，避免因比特币等虚拟商品借暴富之名过度炒作，损害投资者和人民币的法定货币地位。

3. 比特币在中国合法吗，投资会违法吗

比特币在中国不合法。

对于虚拟货币交易所，我国自2017年9月4日之后已经表明了反对态度。市面上，规模较大的交易所都逐渐淡出国内市场，一部分东渡日本，一部分下了南洋，当然，随着11月初香港地区新规的发布，我们相信，未来虚拟币交易所可能会在香港地区取得合法牌照，为当地机构投资者等进行服务。

(3)在中国建矿比特币合法吗扩展阅读：

比特币中国称，平台将停止提现业务，截至目前，比特币中国已经关闭了所有交易功能。国内其他两大比特币交易平台火币网和OKCoin也停止所有数字资产兑人民币交易业务。

以比特币为代表的虚拟货币全线暴涨，引得大批没有任何技术和投资知识的普通人杀入这个高风险市场。

央行联合多部委发布《关于防范代币发行融资风险的公告》（以下简称《公告》），指出任何组织和个人不得非法从事代币发行融资活动。《公告》内容显示，自发布之日起，各类代币发行融资活动应当立即停止。

已完成代币发行融资的组织和个人应当做出清退等安排，合理保护投资者权益，妥善处置风险。有关部门将依法严肃查处拒不停止的代币发行融资活动以及已完成的代币发行融资项目中的违法违规行为。

中国互联网金融协会发布《关于防范比特币等所谓“虚拟货币”风险的提示》，指出比特币交易平台涉众人数扩大、投机氛围浓厚，是洗钱、贩毒、走私、非法集资等违法犯罪活动的工具；各类所谓“币”的交易平台，在我国并无合法设立的依据。

4. 比特币合法吗在中国

比特币在中国不合法，中国尚无法律保护比特币交易。比特币不是中国银行发行的法定货币，它属于虚拟数字货币，虽然中国没有明确法律依据证明比特币合法或非法，但是中国法律法规不支持比特币公开交易，这就反映了法律对比特币不支持的态度。

中国禁止比特币交易也是为了保护中国的投资者，因为比特币投机性、价格波动性实在太大，很多投资者虽然短期赚了一点小钱，但是最终却是亏损的大钱，再有比特币是网络平台技术，表面上是投资者控制比特币，实则是虚拟货币服务机构操控，多家银行禁止比特币也是为了保护中小投资者。很多人利用比特币做一些违法活动，尤其是洗钱，坑害投资者，多家银行禁止比特币交易可以防止这类事情的再度发生。比特币等虚拟货币的泡沫已经破灭，短期已经没有多少投资价值了。

(4)在中国建矿比特币合法吗扩展阅读

比特币（Bitcoin）的概念最初由中本聪在2008年11月1日提出，并于2009年1月3日正式诞生。

根据中本聪的思路设计发布的开源软件以及建构其上的P2P网络。比特币是一种P2P形式的数字货币。比特币的交易记录公开透明。

点对点的传输意味着一个去中心化的支付系统。与大多数货币不同，比特币不依靠特定货币机构发行，它依据特定算法，通过大量的计算产生，比特币经济使用整个P2P网络中众多节点构成的分布式数据库来确认并记录所有的交易行为，并使用密码学的设计来确保货币流通各个环节安全性。P2P的去中心化特性与算法本身可以确保无法通过大量制造比特币来人为操控币值。基于密码学的设计可以使比特币只能被真实的拥有者转移或支付。这同样确保了货币所有权与流通交易的匿名性。比特币其总数量非常有限，具有稀缺性。该货币系统曾在4年内只有不超过1050万个，之后的总数量将被永久限制在2100万个。

2021年6月，萨尔瓦多通过了比特币在该国成为法定货币的《萨尔瓦多比特币法》法案。[43]9月7日，比特币正式成为了萨尔瓦多的法定货币，成为世界上第一个赋予数字货币法定地位的国家。

2021年9月24日，中国人民银行发布进一步防范和处置虚拟货币交易炒作风险的通知。通知指出，虚拟货币不具有与法定货币等同的法律地位。

2021年11月10日，比特币价格再创历史新高，首次逼近6.9万美元/枚。

5. 在中国比特币投资允许吗

在中国，《人民币管理条例》规定，禁止制作和发售代币票券。由于代币票券的定义并没有明确的司法解释，如果比特币被纳入到“代币票券”中，则比特币在中国的法律前景面临不确定性。

当前比特币的价格快速上升，已经形成了投机性预期，如果不提前制止，最终会形成泡沫，带来部分投资者和金融机构的巨大损失，破坏金融体系的稳定。

(5)在中国建矿比特币合法吗扩展阅读：

比特币在中国并没有具备交易媒介的功能，因此不能称之为货币。同时，比特币有储藏价值的功能，有一定的投资价值，然而当前价格的快速上升形成了投机性预期。

未来可能会形成泡沫，因此提前采取措施是必要的，这也可以抑制一些通过比特币进行洗钱、转移资产的不法行为。

6. 比特币交易在中国合法吗

“比特币在中国不合法，中国尚无法律保护比特币交易。比特币不是中国银行发行的法定货币，它属于虚拟数字货币，虽然中国没有明确法律依据证明比特币合法或非法，但是中国法律法规不支持比特币公开交易。”
根据中国央行2013年12月5日发布的《关于防范比特币风险的通知》的规定：
比特币具有没有集中发行方、总量有限、使用不受地域限制和匿名性等四个主要特点。虽然比特币被称为“货币”，但由于其不是由货币当局发行，不具有法偿性与强制性等货币属性，并不是真正意义的货币。从性质上看，比特币应当是一种特定的虚拟商品，不具有与货币等同的法律地位，不能且不应作为货币在市场上流通使用。
《民法典》第六百八十条禁止高利放贷，借款的利率不得违反国家有关规定。借款合同对支付利息没有约定的，视为没有利息。借款合同对支付利息约定不明确，当事人不能达成补充协议的，按照当地或者当事人的交易方式、交易习惯、市场利率等因素确定利息；自然人之间借款的，视为没有利息。
没有相关法律，我国只是叫停比特币场内交易，并没有宣布持有、场外交易比特币是非法的。比特币诞生的根源是以中本聪为代表的自由主义者寻求一种不受中心银行系统束缚的交易方式，这些人期待一种自由度更高的货币体系，比特币这次被承认其属于数字资产、可作为交付对象。
但根据国内法律法规，比特币不具有货币职能，但是这并不妨碍其属于数字资产，可作为交付对象。中国从没有“比特币非法”的政策。
孔剑平说道：“中国大陆政策，总体上是支持技术创新，防范金融风险。2013年五部委文件，说比特币是虚拟商品，老百姓可以自由参与买卖，但金融机构不能参与。中国就没有“比特币非法”这样的政策。2017年七部委文件，跟比特币也没关系。我们发现，2017年，大家看到央行很多领导讲话都是说对数字货币监管。2019年7月18号以后，所有讲话里出现的只有两个字，“研究”，不叫“监管”了，变化非常大。同时，发改委也把原来计划列入“淘汰类目录”的数字货币挖矿也删掉了。”
根据政府在2013年最新关于比特币的态度：比特币属于用户的私有虚拟资产，那么实际上也就意味着受到法律保护，从我们国家的实际的案件中也可以得到体现：2018年中国法院最近下令一家公司在民事纠纷中偿还被盗用的加密货币，为加密货币相关分歧树立了法律先例。深圳的这家法院在民事纠纷中也实际就是确认加密货币是具有经济价值的。
当然，购买比特币选择的平台也很重要，因为这是一个相对无监管，或者没有牌照的一个早期市场，一定要选国际化程度比较高的交易所，因为也意味着这些交易所经过了国外用户和法规的验证，建议去类似中币ZB这样的头部交易所购买，以防造成自己的资金损失。

7. 比特币在中国合法吗

虽然比特币依然存在着很大的风险，但经过多年的发展，随着其应用人群的增加，应用场景的增多，应用技术的增强，已经没有哪个国家或组织能够将其彻底消灭。如果大家能想明白了，很可能会出现各国普遍接受比特币，拥抱比特币的情况。

就个人判断，比特币经过一段时间的继续发展，在未来很可能成为世界货币，能够发挥电子黄金的作用，成为其他主权货币价值的标的。从这个角度看，在各国货币不可避免出现通货膨胀的未来，比特币可以作为资产保值的手段。

8. 比特币在中国合法吗

比特币投资目前在我国没有明确的法律确认其合法，也没有法律禁止比特币的发展，比特币仅仅是一种技术和方法，不存在是否是骗局的说法，但不同的比特币投资根据其形式不同，有可能是骗局，更有可能涉及违法犯罪。

由于以下原因，中国不承认比特币为合法货币：
1、首先，比特币从本质上是可以被看做是一种资产的，但是比特币的存在是有很大的风险的。2013年8月，德国宣布承认比特币的合法地位，并已纳入国家监管体系。德国是世界上首个承认比特币合法地位的国家。2014年6月，日本执政党自民党表示，决定暂时不监管比特币。2015年8月，Mt.Gox首席执行官被捕，日本政府考虑比特币监管事宜。2016年5月，日本首次批准数字货币监管法案，并定义为财产。只有少数几个国家承认比特币的这种地位，且并不支持它成为主要货币。
2、比特币的使用存在以下五个方面的风险：
（1）政策风险，比特币的去中心化特性会可能对传统货币体系产生威胁，影响政府的宏观调控能力并减少财政收入；
（2）法律风险，目前比特币仅仅作为虚拟商品而不是货币受到各国的法律保护；
（3）投机风险，比特币没有国家信用或实物资产作保障，并且价格可能出现大幅波动，对投资者来说风险极大；
（4）洗钱风险，比特币具有匿名性和不受地域限制的特点，资金流向难以监测，将非常容易规避政府的监管；
（5）替代风险，比特币还存在信用保证缺失、安全性能较差和易导致通缩等缺陷，同时还得面对各种后起的山寨币的竞争，存在较大的替代风险。

比特币（BitCoin）
概念最初由中本聪在2009年提出，根据中本聪的思路设计发布的开源软件以及建构其上的P2P网络。比特币是一种P2P形式的数字货币。点对点的传输意味着一个去中心化的支付系统。
与大多数货币不同，比特币不依靠特定货币机构发行，它依据特定算法，通过大量的计算产生，比特币经济使用整个P2P网络中众多节点构成的分布式数据库来确认并记录所有的交易行为，并使用密码学的设计来确保货币流通各个环节安全性。P2P的去中心化特性与算法本身可以确保无法通过大量制造比特币来人为操控币值。基于密码学的设计可以使比特币只能被真实的拥有者转移或支付。这同样确保了货币所有权与流通交易的匿名性。比特币与其他虚拟货币最大的不同，是其总数量非常有限，具有极强的稀缺性。该货币系统曾在4年内只有不超过1050万个，之后的总数量将被永久限制在2100万个。

9. 比特币在中国合法吗

比特币在中国是不合法的。
根据中国央行2013年12月5日发布的《关于防范比特币风险的通知》的规定：比特币具有没有集中发行方、总量有限、使用不受地域限制和匿名性等四个主要特点。虽然比特币被称为“货币”，但由于其不是由货币当局发行，不具有法偿性与强制性等货币属性，并不是真正意义的货币。从性质上看，比特币应当是一种特定的虚拟商品，不具有与货币等同的法律地位，不能且不应作为货币在市场上流通使用。
《民法典》第六百八十条禁止高利放贷，借款的利率不得违反国家有关规定。借款合同对支付利息没有约定的，视为没有利息。借款合同对支付利息约定不明确，当事人不能达成补充协议的，按照当地或者当事人的交易方式、交易习惯、市场利率等因素确定利息；自然人之间借款的，视为没有利息。
(9)在中国建矿比特币合法吗扩展阅读：
比特币是一种P2P形式的虚拟的加密数字货币。点对点的传输意味着一个去中心化的支付系统。与所有的货币不同，比特币不依靠特定货币机构发行，它依据特定算法，通过大量的计算产生，比特币经济使用整个P2P网络中众多节点构成的分布式数据库来确认并记录所有的交易行为，并使用密码学的设计来确保货币流通各个环节安全性。P2P的去中心化特性与算法本身可以确保无法通过大量制造比特币来人为操控币值。基于密码学的设计可以使比特币只能被真实的拥有者转移或支付。这同样确保了货币所有权与流通交易的匿名性。比特币与其他虚拟货币最大的不同，是其总数量非常有限，具有的稀缺性。
2021年3月13日，比特币突破60000美元。6月，萨尔瓦多成为世界上第一个赋予数字货币法定地位的国家，比特币在该国成为法定货币。

1. Is Bitcoin mining illegal in China?

It doesn’t mean there is no law for the time being. It depends on how the government will treat it in the future

2. Bitcoin is legal in China

In fact, there is no legal or illegal issue with Bitcoin in China, because Bitcoin was born from the Internet and is not terrible. Just like virtual goods in games, most people recognize them and are willing to use money to buy them. Therefore, it cannot be characterized as illegal. The country can only regulate it to avoid getting rich by borrowing virtual goods such as Bitcoin. Excessive speculation in the name of the RMB has damaged investors and the legal currency status of the RMB.

3. Is Bitcoin legal in China? Is investment illegal?

Bitcoin is not legal in China.

my country has expressed its opposition to virtual currency exchanges since September 4, 2017. On the market, larger exchanges have gradually faded out of the domestic market. Some have traveled eastward to Japan, and some have gone to Southeast Asia. Of course, with the release of new regulations in Hong Kong in early November, we believe that virtual currency exchanges may be in Hong Kong in the future. Obtain legal licenses in various regions to provide services to local institutional investors.

(3) Is it legal to build a Bitcoin mine in China? Further reading:

Bitcoin China said that the platform will stop the withdrawal business. As of now, Bitcoin China has closed all trading functions. Huobi and OKCoin, the other two major domestic Bitcoin trading platforms, also stopped all digital asset-renminbi trading.

The virtual currency represented by Bitcoin has skyrocketed across the board, attracting a large number of ordinary people without any technical or investment knowledge to enter this high-risk market.

The central bank jointly issued the "Announcement on Preventing Token Issuance and Financing Risks" (hereinafter referred to as the "Announcement") in conjunction with multiple ministries and commissions, stating that no organization or individual may illegally engage in token issuance and financing activities. The content of the "Announcement" shows that from the date of release, all types of token issuance and financing activities should be stopped immediately.

Organizations and individuals that have completed token issuance and financing should make arrangements for liquidation and other arrangements to reasonably protect the rights and interests of investors and properly handle risks. Relevant departments will seriously investigate and deal with illegal activities that refuse to stop token issuance and financing activities and completed token issuance and financing projects in accordance with the law.

The China Internet Finance Association issued the "Tips on Preventing the Risks of Bitcoin and Other So-called "Virtual Currencies"", pointing out that the number of people involved in the Bitcoin trading platform has expanded and the speculative atmosphere is strong. It is a risk for money laundering, drug trafficking, smuggling, and illegal Tools for illegal and criminal activities such as fund-raising; various so-called "coin" trading platforms have no basis for legal establishment in our country.

4. Is Bitcoin legal in China?

Bitcoin is not legal in China, and China does not yet have laws to protect Bitcoin transactions. Bitcoin is not a legal currency issued by the Bank of China. It is a virtual digital currency, although China has no clear legal basis to prove it.Bitcoin is legal or illegal, but Chinese laws and regulations do not support the public trading of Bitcoin, which reflects the law's unsupportive attitude towards Bitcoin.

China’s ban on Bitcoin trading is also to protect Chinese investors, because Bitcoin is so speculative and price volatile. Although many investors made a small amount of money in the short term, they ended up losing a lot of money. Furthermore, Bitcoin is a network platform technology. On the surface, Bitcoin is controlled by investors, but in fact it is controlled by virtual currency service agencies. Many banks have banned Bitcoin to protect small and medium-sized investors. Many people use Bitcoin to do some illegal activities, especially money laundering and defrauding investors. Banning Bitcoin transactions by many banks can prevent such things from happening again. The bubbles of Bitcoin and other virtual currencies have burst, and there is little investment value in the short term.

(4) Is it legal to build a Bitcoin mine in China? Extended reading

The concept of Bitcoin was first proposed by Satoshi Nakamoto on November 1, 2008, and was launched in 2009 Officially born on January 3rd.

The open source software designed and released based on Satoshi Nakamoto’s ideas and the P2P network built on it. Bitcoin is a P2P form of digital currency. Bitcoin’s transaction records are open and transparent.

Peer-to-peer transmission means a decentralized payment system. Unlike most currencies, Bitcoin does not rely on the issuance of a specific monetary institution. It is generated through a large number of calculations based on a specific algorithm. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors. And use cryptographic design to ensure the security of all aspects of currency circulation. The decentralized nature of P2P and the algorithm itself ensure that currency value cannot be artificially manipulated by mass production of Bitcoins. Design based on cryptography allows Bitcoin to be transferred or paid only by real owners. This also ensures the anonymity of currency ownership and circulation transactions. The total number of Bitcoins is very limited and is scarce. The currency system had no more than 10.5 million coins in 4 years, after which the total number will be permanently limited to 21 million coins.

In June 2021, El Salvador passed the "El Salvador Bitcoin Law", which makes Bitcoin legal tender in the country. [43] On September 7, Bitcoin officially became the legal currency of El Salvador, becoming the first country in the world to grant legal status to digital currencies.

On September 24, 2021, the People's Bank of China issued a notice to further prevent and deal with the risks of speculation in virtual currency transactions. The notice states that virtual currencies do not have the same legal status as legal tender.

On November 10, 2021, the price of Bitcoin hit a new record high, approaching US$69,000 per coin for the first time.

5. Is Bitcoin investment allowed in China?

In China, the "RMB Management Regulations" stipulate that the production and sale of tokens is prohibited. Since the definition of token tickets is not clearAccording to the judicial interpretation, if Bitcoin is included in "token tickets", the legal future of Bitcoin in China will face uncertainty.

The current rapid rise in the price of Bitcoin has formed speculative expectations. If not stopped in advance, it will eventually form a bubble, causing huge losses to some investors and financial institutions, and undermining the stability of the financial system.

(5) It is legal to build a Bitcoin mine in China Extended reading:

Bitcoin does not function as a medium of exchange in China, so it cannot be called a currency. At the same time, Bitcoin has the function of storing value and has certain investment value. However, the current rapid rise in price has formed speculative expectations.

Bubbles may form in the future, so it is necessary to take measures in advance, which can also inhibit some illegal activities of laundering money and transferring assets through Bitcoin.

6. Is Bitcoin trading legal in China?

“Bitcoin is not legal in China, and China has no laws to protect Bitcoin transactions. Bitcoin is not legal tender issued by the Bank of China. It is a virtual digital currency. Although China has no clear legal basis to prove that Bitcoin is legal or illegal, Chinese laws and regulations do not support the public trading of Bitcoin."
According to the "On Preventing Bitcoin" issued by the Central Bank of China on December 5, 2013 "Risk Notice" regulations:
Bitcoin has four main characteristics: no centralized issuer, limited total amount, no geographical restrictions on use, and anonymity. Although Bitcoin is called "currency", because it is not issued by a monetary authority, it does not have monetary attributes such as legality and compulsory, and it is not a currency in the true sense. By nature, Bitcoin should be a specific virtual commodity that does not have the same legal status as currency and cannot and should not be used as currency in the market.
Civil Code Article 680 Usury lending is prohibited, and the interest rate for borrowing must not violate relevant state regulations. If the loan contract does not stipulate the payment of interest, it will be deemed that there is no interest. If the loan contract does not clearly stipulate the payment of interest, and the parties cannot reach a supplementary agreement, the interest will be determined according to local or party transaction methods, transaction habits, market interest rates and other factors; if the loan is borrowed between natural persons, it will be deemed to have no interest.
There is no relevant law. Our country has only stopped on-site trading of Bitcoin and has not declared it illegal to hold or trade Bitcoin over the counter. The origin of Bitcoin is that libertarians represented by Satoshi Nakamoto seek a transaction method that is not bound by the central banking system. These people look forward to a currency system with a higher degree of freedom. Bitcoin is recognized this time as belonging to Digital assets can be used as delivery objects.
However, according to domestic laws and regulations, Bitcoin does not have monetary functions, but this does not prevent it from being a digital asset and can be used as a delivery object. China has never had a “Bitcoin illegal” policy.
Kong Jianping said: "Mainland China's policies generally support technological innovation and prevent financial risks.. In 2013, five ministries and commissions issued a document stating that Bitcoin is a virtual commodity and that ordinary people can freely participate in its transactions, but financial institutions cannot participate. China does not have a policy such as "Bitcoin is illegal". The documents of seven ministries and commissions in 2017 have nothing to do with Bitcoin. We found that in 2017, everyone saw that many central bank leadership speeches talked about the supervision of digital currencies. After July 18, 2019, only two words appear in all speeches, "research" and no longer called "supervision". The changes are very big. At the same time, the National Development and Reform Commission also deleted digital currency mining that was originally planned to be included in the "elimination category". ”
According to the government’s latest attitude on Bitcoin in 2013: Bitcoin is a user’s private virtual asset, which actually means it is protected by law. This can also be reflected from the actual cases in our country: 2018 A Chinese court recently ordered a company to repay stolen cryptocurrency in a civil dispute, setting a legal precedent for cryptocurrency-related disagreements. The Shenzhen court effectively confirmed that cryptocurrencies have economic value in a civil dispute.< br>Of course, the platform you choose to buy Bitcoin is also very important, because this is a relatively unregulated or early-stage market without a license. You must choose an exchange with a relatively high degree of internationalization, because it also means that these exchanges have gone through After verification by foreign users and regulations, it is recommended to buy from leading exchanges like ZB to prevent loss of your own funds.

7. Is Bitcoin legal in China?

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Although Bitcoin still has great risks, after years of development, with the increase of its application population, the increase of application scenarios, and the enhancement of application technology, there is no Which country or organization can completely eliminate it? If everyone can figure it out, it is likely that countries will generally accept Bitcoin and embrace Bitcoin.

In my personal judgment, after a period of time, Bitcoin If it continues to develop, it is likely to become a world currency in the future, able to play the role of electronic gold and become the benchmark for the value of other sovereign currencies. From this perspective, in a future where inflation is inevitable in currencies of various countries, Bitcoin can be used as a means of asset preservation. .

8. Is Bitcoin legal in China?

There is currently no clear law confirming the legality of Bitcoin investment in China, and there is no law prohibiting the development of Bitcoin. Bitcoin is just A technology and method, there is no say whether it is a scam, but different Bitcoin investments may be scams depending on their forms, and are more likely to involve illegal crimes.

China does not recognize it due to the following reasons Bitcoin is a legal currency:
1. First of all, Bitcoin can be regarded as an asset in essence, but the existence of Bitcoin comes with great risks. In August 2013, Germany announced its recognition The legal status of Bitcoin has been incorporated into the national regulatory system. Germany is the first country in the world to recognize the legal status of Bitcoin. In June 2014, Japan’s ruling partyThe Liberal Democratic Party said it decided not to regulate Bitcoin for the time being. In August 2015, the CEO of Mt. Gox was arrested, and the Japanese government considered Bitcoin regulation. In May 2016, Japan approved the digital currency regulatory bill for the first time and defined it as property. Only a handful of countries recognize Bitcoin’s status and do not support it becoming a major currency.
2. The use of Bitcoin has the following five risks:
(1) Policy risk. The decentralized nature of Bitcoin may threaten the traditional monetary system, affect the government’s macro-control capabilities and reduce Fiscal revenue;
(2) Legal risk, currently Bitcoin is only protected by the laws of various countries as a virtual commodity rather than currency;
(3) Speculative risk, Bitcoin is not guaranteed by national credit or physical assets, and the price There may be significant fluctuations, which is extremely risky for investors;
(4) Money laundering risk. Bitcoin has the characteristics of anonymity and no geographical restrictions. The flow of funds is difficult to monitor, and it will be very easy to circumvent government supervision;
br> (5) Substitution risk. Bitcoin also has shortcomings such as lack of credit guarantee, poor security performance, and easy to lead to deflation. At the same time, it also has to face competition from various emerging altcoins, and there is a large substitution risk.

BitCoin
The concept was originally proposed by Satoshi Nakamoto in 2009. The open source software designed and released based on Satoshi Nakamoto's ideas and the P2P network built on it. Bitcoin is a P2P form of digital currency. Peer-to-peer transmission means a decentralized payment system.
Unlike most currencies, Bitcoin does not rely on the issuance of a specific currency institution. It is generated through a large number of calculations based on a specific algorithm. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all Transaction behavior, and the use of cryptographic design to ensure the security of all aspects of currency circulation. The decentralized nature of P2P and the algorithm itself ensure that currency value cannot be artificially manipulated by mass production of Bitcoins. Design based on cryptography allows Bitcoin to be transferred or paid only by real owners. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total quantity is very limited and it is extremely scarce. The currency system had no more than 10.5 million coins in 4 years, after which the total number will be permanently limited to 21 million coins.

9. Is Bitcoin legal in China?

Bitcoin is not legal in China.
According to the "Notice on Preventing Bitcoin Risks" issued by the Central Bank of China on December 5, 2013: Bitcoin has four main features: no centralized issuer, limited total amount, no geographical restrictions on use, and anonymity. Features. Although Bitcoin is called "currency", because it is not issued by a monetary authority, it does not have monetary attributes such as legality and compulsory, and it is not a currency in the true sense. In terms of nature, Bitcoin should be a specific virtual commodity and does not have the legal equivalent of currency.legal status and cannot and should not be used as currency for circulation in the market.
Civil Code Article 680 Usury lending is prohibited, and the interest rate for borrowing must not violate relevant state regulations. If the loan contract does not stipulate the payment of interest, it will be deemed that there is no interest. If the loan contract does not clearly stipulate the payment of interest, and the parties cannot reach a supplementary agreement, the interest will be determined according to local or party transaction methods, transaction habits, market interest rates and other factors; if the loan is borrowed between natural persons, it will be deemed to have no interest.
(9) Is it legal to build a Bitcoin mine in China? Further reading:
Bitcoin is a P2P virtual encrypted digital currency. Peer-to-peer transmission means a decentralized payment system. Unlike all currencies, Bitcoin does not rely on the issuance of a specific monetary institution. It is generated through a large number of calculations based on a specific algorithm. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors. And use cryptographic design to ensure the security of all aspects of currency circulation. The decentralized nature of P2P and the algorithm itself ensure that currency value cannot be artificially manipulated by mass production of Bitcoins. Design based on cryptography allows Bitcoin to be transferred or paid only by real owners. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total quantity is very limited and it is scarce.
On March 13, 2021, Bitcoin exceeded $60,000. In June, El Salvador became the first country in the world to give legal status to digital currencies, making Bitcoin legal tender in the country.

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