虚拟货币交易的合法性

法律分析：比特币不是由货币当局发行，不具有法偿性与强制性等货币属性，并不是真正意义的货币。但就交易角度而言，虚拟货币交易在国内还是合法的，但不能用人民币进行交易。

Legal analysis: Bitcoins are not issued by monetary authorities, have no monetary attributes, such as legal and mandatory, and are not real currencies. But, from a transaction point of view, virtual currency transactions are still legal in the country, but cannot be traded in renminbi.

法律依据：《关于防范虚拟货币交易炒作风险的公告》

Legal basis: Proclamation on protection against the risks of virtual currency transactions

一、正确认识虚拟货币及相关业务活动的本质属性

I. A proper understanding of the essential attributes of virtual money and related operations

虚拟货币是一种特定的虚拟商品，不由货币当局发行，不具有法偿性与强制性等货币属性，不是真正的货币，不应且不能作为货币在市场上流通使用。

Virtual currency is a specific virtual commodity that is not issued by a monetary authority, has no monetary attributes, such as legality and compulsoryity, is not a real currency and should not and cannot be used as a currency in the market.

开展法定货币与虚拟货币兑换及虚拟货币之间的兑换业务、作为中央对手方买卖虚拟货币、为虚拟货币交易提供信息中介和定价服务、代币发行融资以及虚拟货币衍生品交易等相关交易活动，违反有关法律法规，并涉嫌非法集资、非法发行证券、非法发售代币票券等犯罪活动。

The conduct of transactions related to the exchange of legal and virtual currency, the buying and selling of virtual currency as a central counterparty, the provision of information intermediaries and pricing services for virtual currency transactions, the financing of currency issuances and the trading of virtual derivatives of currency, are in violation of the relevant laws and regulations and are suspected of criminal activities such as the illegal collection of funds, the illegal issuance of securities and the illegal sale of currency vouchers.

二、有关机构不得开展与虚拟货币相关的业务

II. Non-operational services related to virtual currency by the institutions concerned

金融机构、支付机构等会员单位要切实增强社会责任，不得用虚拟货币为产品和服务定价，不得承保与虚拟货币相关的保险业务或将虚拟货币纳入保险责任范围，不得直接或间接为客户提供其他与虚拟货币相关的服务，包括但不限于：为客户提供虚拟货币登记、交易、清算、结算等服务；接受虚拟货币或将虚拟货币作为支付结算工具；开展虚拟货币与人民币及外币的兑换服务；开展虚拟货币的储存、托管、抵押等业务；发行与虚拟货币相关的金融产品；将虚拟货币作为信托、基金等投资的投资标的等。

Member entities such as financial institutions, payment agencies and others, in order to effectively promote social responsibility, do not price products and services in virtual currency, do not cover insurance operations related to virtual currency or include virtual currency in insurance liability, and do not directly or indirectly provide customers with other services related to virtual currency, including, but not limited to: providing clients with services related to virtual currency registration, transactions, liquidation, settlement, etc.; accepting virtual currency or using virtual currency as a payment settlement tool; carrying out exchange services between virtual currency and renminbi and foreign currency; carrying out virtual currency storage, hosting, mortgage, etc.; issuing financial products related to virtual currency; and using virtual currency as an investment object for trust, funds, etc.

金融机构、支付机构等会员单位应切实加强虚拟货币交易资金监测，依托行业自律机制，强化风险信息共享，提高行业风险联防联控水平；发现违法违规线索的，要及时按程序采取限制、暂停或终止相关交易、服务等措施，并向有关部门报告；同时积极运用多渠道、多元化的触达手段，加强客户宣传和警示教育，主动做好涉虚拟货币风险提示。

Member entities such as financial institutions, payment agencies, etc. should effectively strengthen the monitoring of virtual money transactions funds, relying on industry self-regulation mechanisms, enhance risk information sharing and raise the level of industry risk-control; if any leads to violations are detected, measures to limit, suspend or terminate related transactions, services, etc. are taken in a timely and procedural manner and reported to the relevant authorities; at the same time, efforts are made to actively use multiple channels, diversified reach tools, enhance client awareness and alert education, and take the initiative to provide information on virtual currency-related risks.

互联网平台企业会员单位不得为虚拟货币相关业务活动提供网络经营场所、商业展示、营销宣传、付费导流等服务，发现相关问题线索应及时向有关部门报告，并为相关调查、侦查工作提供技术支持和协助。

Business members of the Internet platform are not allowed to provide services for virtual currency-related operations such as web-sites, business displays, marketing campaigns, fee streaming, etc., and relevant leads should be reported to the relevant authorities in a timely manner and technical support and assistance provided for related investigations and investigations should be provided.

三、消费者要提高风险防范意识，谨防财产和权益损失

III. Consumers need to be more aware of risk prevention and protect against loss of property and interests

虚拟货币无真实价值支撑，价格极易被操纵，相关投机交易活动存在虚假资产风险、经营失败风险、投资炒作风险等多重风险。从我国现有司法实践看，虚拟货币交易合同不受法律保护，投资交易造成的后果和引发的损失由相关方自行承担。

Virtual currency is not supported by real values, prices are highly susceptible to manipulation, and there are multiple risks associated with speculative transactions, such as false asset risk, business failure risk, and investment risk. From our current judicial practice, virtual currency-trading contracts are not protected by law, and the consequences and losses of investment transactions are borne by the parties themselves.

广大消费者要增强风险意识，树立正确的投资理念，不参与虚拟货币交易炒作活动，谨防个人财产及权益受损。要珍惜个人银行账户，不用于虚拟货币账户充值和提现、购买和销售相关交易充值码以及划转相关交易资金等活动，防止违法使用和个人信息泄露。

Consumers at large need to be more risk-aware, develop the right concept of investment, refrain from participating in virtual currency transactions, and guard against the erosion of personal property and interests.