SummarynTeda is illegal in China.nAs early as September 4, 2017, the seven ministries and commissions of the People's Bank of China issued the "Announcement on Preventing the Risks of tokens" to prohibit all kinds of tokens issuance (ICO) financing activities. "This means that including various game coins, as long as they are issued and traded in China, they are illegal." Said Liu Quan, Dean of the Sidi Blockchain Research Institute. According to him, the only legal digital currency in my country is currently a DCEP coin issued by the central bank.nAlthough the centralized digital trading currency such as USDT always has various problems such as over -issuing, abuse, circulation, and value endorsement of value, it still becomes the largest digital currency except Bitcoin and Ethereum. Price fluctuations in the digital currency market. ‘‘nConsultation record · Answer on 2021-12-31nIs TEDA's exchange of RMB illegal? Hello, I am a cooperative lawyer on the Linglin platform, and I am glad to serve you. Teda is illegal in China. As early as September 4, 2017, the seven ministries and commissions of the People's Bank of China issued the "Announcement on Preventing the Risks of tokens" to prohibit all kinds of tokens issuance (ICO) financing activities. "This means that including various game coins, as long as they are issued and traded in China, they are illegal." Said Liu Quan, Dean of the Sidi Blockchain Research Institute. According to him, the only legal digital currency in my country is currently a DCEP coin issued by the central bank. Although the centralized digital trading currency such as USDT always has various problems such as over -issuing, abuse, circulation, and value endorsement of value, it still becomes the largest digital currency except Bitcoin and Ethereum. Price fluctuations in the digital currency market. '' If it is China Merchants Bank and apply for foreign exchange and selling business (including minors) in the country, there are two cases: 1. Account book (indicating ID number) or temporary ID card opening account, you can only apply for a settlement and selling business at the counter to apply for foreign exchange and selling business through the counter. ; 2. The original ID card opens a foreign exchange channel and the counter through the self -service channel; if it is an agency, the non -direct relatives within the annual total amount are allowed to handle it, and the valid identity documents of the client and the trustee are provided. Certificate with the relationship with direct relatives; those who exceed the total annual amount can be processed by others to provide valid identity documents for clients and trustees.
SummarynTeda is illegal in China.nAs early as September 4, 2017, the seven ministries and commissions of the People's Bank of China issued the "Announcement on Preventing the Risks of tokens" to prohibit all kinds of tokens issuance (ICO) financing activities. "This means that including various game coins, as long as they are issued and traded in China, they are illegal." Said Liu Quan, Dean of the Sidi Blockchain Research Institute. According to him, the only legal digital currency in my country is currently a DCEP coin issued by the central bank.nAlthough the centralized digital trading currency such as USDT always has various problems such as over -issuing, abuse, circulation, and value endorsement of value, it still becomes the largest digital currency except Bitcoin and Ethereum. Price fluctuations in the digital currency market. ‘‘nConsultation record · Answer on 2021-12-31nIs TEDA's exchange of RMB illegal? Hello, I am a cooperative lawyer on the Linglin platform, and I am glad to serve you. Teda is illegal in China. As early as September 4, 2017, the seven ministries and commissions of the People's Bank of China issued the "Announcement on Preventing the Risks of tokens" to prohibit all kinds of tokens issuance (ICO) financing activities. "This means that including various game coins, as long as they are issued and traded in China, they are illegal." Said Liu Quan, Dean of the Sidi Blockchain Research Institute. According to him, the only legal digital currency in my country is currently a DCEP coin issued by the central bank. Although the centralized digital trading currency such as USDT always has various problems such as over -issuing, abuse, circulation, and value endorsement of value, it still becomes the largest digital currency except Bitcoin and Ethereum. Price fluctuations in the digital currency market. '' If it is China Merchants Bank and apply for foreign exchange and selling business (including minors) in the country, there are two cases: 1. Account book (indicating ID number) or temporary ID card opening account, you can only apply for a settlement and selling business at the counter to apply for foreign exchange and selling business through the counter. ; 2. The original ID card opens a foreign exchange channel and the counter through the self -service channel; if it is an agency, the non -direct relatives within the annual total amount are allowed to handle it, and the valid identity documents of the client and the trustee are provided. Certificate with the relationship with direct relatives; those who exceed the total annual amount can be processed by others to provide valid identity documents for clients and trustees.