The People's Bank of China and other departments issued a notice on further preventing and addressing risks related to virtual currencies and other related activities. (Yinfa [2026] No. 42).
The notice clarifies the essential attributes of virtual currencies, tokenization of real-world assets, and related business activities. Virtual currencies do not have the same legal status as legal tender. BTC, ETH, $USDT , and other virtual currencies are characterized by being issued outside of monetary authorities, utilizing encryption technology and distributed ledger or similar technology, and existing in digital form. They do not have legal tender status and should not and cannot be used as currency in the market. $BTC$ETH $SOL
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The People's Bank of China and other departments issued a notice on further preventing and addressing risks related to virtual currencies and other related activities. (Yinfa [2026] No. 42).
The notice clarifies the essential attributes of virtual currencies, tokenization of real-world assets, and related business activities. Virtual currencies do not have the same legal status as legal tender.
BTC, ETH, $USDT , and other virtual currencies are characterized by being issued outside of monetary authorities, utilizing encryption technology and distributed ledger or similar technology, and existing in digital form. They do not have legal tender status and should not and cannot be used as currency in the market.
$BTC$ETH $SOL