1 thought on “Is the digital currency of Zhengxincoin issued by Hunan Aladdin Technology Co., Ltd. legal?”
Donna
Digital currencies are in a gray area in China, and related laws and regulations are not sound. The only regulations for digital currency in China are the definition of the five ministries and commissions such as the central bank in 2013. It defines Bitcoin as a special Internet product and denies its currency attributes. But the public can buy and sell freely on the premise of self -risk. It other digital currencies are also used, such as Litecoin, Ritai, micro -League coins, dog coins, etc. But it is illegal to carry out MLM fraud in the guise of digital currency. As for whether Zhengxinco is legal, it depends on its operating model.
Digital currencies are in a gray area in China, and related laws and regulations are not sound. The only regulations for digital currency in China are the definition of the five ministries and commissions such as the central bank in 2013. It defines Bitcoin as a special Internet product and denies its currency attributes. But the public can buy and sell freely on the premise of self -risk.
It other digital currencies are also used, such as Litecoin, Ritai, micro -League coins, dog coins, etc. But it is illegal to carry out MLM fraud in the guise of digital currency. As for whether Zhengxinco is legal, it depends on its operating model.