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Futures
Futures
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Gold
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Hot
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Futures Kickoff
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Launch
CandyDrop
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Launchpool
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Launchpad
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Alpha Points
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Futures Points
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Investment
Simple Earn
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Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
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Quant Fund
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Staking
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Smart Leverage
New
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GUSD Minting
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The People's Bank of China and seven other departments: Virtual currencies do not have the same legal status as legal tender.
Deep Tide TechFlow News, February 6th, the People’s Bank of China and seven 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, real-world asset tokenization, and related business activities. Virtual currencies do not have the same legal status as fiat money. Virtual currencies such as Bitcoin, Ethereum, Tether, and others are characterized mainly 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 for circulation in the market. (Jin10)