It is illegal to speculate in cryptocurrencies in China!

It needs to be made clear that:

1. In China, Bitcoin is not legal tender, and individuals are free to buy and sell (including deposits and withdrawals), which is not illegal. But don't speculate on exchange rates through U, and don't recruit people

2. It is illegal to carry out cryptocurrency-related businesses, including opening exchanges, issuing coins, and conducting OTC

It should be noted that there are differences in cognition in domestic regions, and there will be deviations in law enforcement.

In short, speculation in cryptocurrencies is a personal behavior; there is no problem if it does not involve offline and projects.