Shenzhen Municipal Party Committee Financial Office issued a document to remind: Virtual currency trading speculation activities are making a comeback. To summarize the main points:

1⃣

Virtual currency lacks a clear value basis and does not have the same legal status as legal currency.

2⃣

Domestic virtual currency-related business activities and overseas exchanges providing services to residents in China are all illegal financial activities.

3⃣

Participating in virtual currency investment and trading activities is not illegal, but it violates public order and good customs. Losses are borne by oneself, and rights protection is useless.

This is basically equivalent to the domestic "three no-care" policy for individuals speculating in cryptocurrencies: no matter if you play, no matter if you lose, no matter if your card is frozen.