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 Announces Temporary VAT Exemptions for CDR Pilot Program from 2026 to 2027
- China to End Solar VAT Rebates in 2026: What It Means for Solar Buyers and Prices
- Briefing document & Podcast: E-Invoicing and E-Reporting in China
- €3.6 Million VAT Evasion: Major Textile Smuggling Operation Busted in Prato, Italy
- China’s New VAT Law 2026: Key Implementation Insights for Cross-Border and Multinational Businesses
