Are bitcoins banned in China?
I'm currently doing business with exchange services in China. Is bitcoin illegal or what kind of requirements I need in order to make transactions with bitcoin?
"While private parties can hold and trade bitcoins in China, regulation prohibits financial firms like banks from doing the same." and "Trading bitcoins by individuals is legal in China."
http://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country#ChinaSo, if you are not a bank, insurance company or a payment company than you can trade it, use it, whatever you want.