A Q&A posted on the Central Bank’s website outlining joint government guidelines for cracking down on cryptocurrency trading and speculation has said all crypto payments are against the law according to Bloomberg News.
It comes after the Asian superpower declared a crackdown on crypto mining in May, which caused the market to crash and shaved 50 per cent off Bitcoin’s price.
Source cityam
Latest Posts in "China"
- China’s E‑Fapiao System: A Comprehensive Guide to Digital VAT Invoicing and Compliance
- China’s New VAT Rules: Key Compliance Changes and Deadlines for Businesses from 2026
- China Updates VAT Administration: New Law, SME Enforcement, E-Commerce Relief, Import Incentives Extended
- EPPO Raids in Germany Over Suspected €1.6 Million Aluminium Customs Fraud from China
- China Clarifies SME Tax Preference Rules: New Tests Target Artificial Revenue Splitting and Abuse














