Newsflash: Owning Bitcoin Legal Despite Govt Trading Ban, Says Bank of China Council

By CCN: According to Sa Xiao, a Council Member at the Bank of China’s Law Research Association, it is legal for individuals to own bitcoin in China despite the government’s blanket ban on trading. CnLedger, a recognized crypto news source based in China, said: ‘It is legal to own bitcoins in China’ says Sa Xiao, Council Member at Bank of China Law Research Association, cited by The Beijing News. Besides, Xiao considers the occasional exchange of bitcoins between individuals and individuals is legal. In September 2017, Caixin, a Beijing-based mainstream media outlet, reported that China officially banned crypto trading, forcing

The post Newsflash: Owning Bitcoin Legal Despite Govt Trading Ban, Says Bank of China Council appeared first on CCN

Source: https://www.ccn.com/bank-of-china-council-member-legal-to-own-bitcoin

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