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wholesale jewelry diamond necklace Legal analysis: Virtual currency is legal in China, but it is illegal to use virtual currency to engage in illegal activities. Bitcoin is defined as a special Internet commodity in China. At this stage, financial institutions must not provide Bitcoin -related products or services. Bitcoin cannot be used as currency, and cottages such as Litecoin are also applicable.
Legal basis: the "Law of the People's Republic of China of the People's Republic of China"
I: In order to establish the status of the People's Bank of China, clarify its responsibilities, ensure the correct formulation and implementation of national monetary policy, establish and improve the central bank The macro -control system, maintain financial stability, and formulate this law.
The people's Bank of China is the Central Bank of the People's Republic of China. Under the leadership of the State Council, the People's Bank of China formulates and implement monetary policy, prevent and resolve financial risks, and maintain financial stability.