Beijing Sci - Tech Magazine , China 's oldest tech magazine , announced it would now offer subscription payments in bitcoin despite widespread government crackdowns on use of cryptocurrencies in recent years . At the same time, owning and investing in cryptocurrency is not officially illegal. The magazine said in a statement that the move was intended to encourage the promotion of blockchain - based payment methods via ' practical actions " , with an annual subscription set to cost 0.01 BTC ( $ 65 ) . The Chinese government has taken a number of actions to curb the use of the technology , forcing crypto exchanges to cease trading over the past year and recently attempting to block access to overseas platforms using the technology .
Beijing Sci - Tech Magazine , China 's oldest tech magazine , announced it would now offer subscription payments in bitcoin despite widespread government crackdowns on use of cryptocurrencies in recent years . The magazine said in a statement that the move was intended to encourage the promotion of blockchain - based payment methods via ' practical actions " , with an annual subscription set to cost 0.01 BTC ( $ 65 ) . The Chinese government has taken a number of actions to curb the use of the technology , forcing crypto exchanges to cease trading over the past year and recently attempting to block access to overseas platforms using the technology .