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China Justice Observer

中司觀察

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Thu, 08 Jul 2021 China Legal Trends CJO Staff Contributors Team

In May 2021, National Internet Finance Association of China and other two associations jointly released the “Announcement on Preventing Speculative Risks in Virtual Currency Trading” (關(guān)于防范虛擬貨幣交易炒作風(fēng)險(xiǎn)的公告), stating that virtual currency is not a legal tender, and shall not be used as a legal tender in the market.