A complete list of domestic formal virtual currency trading platforms
- WBOYOriginal
- 2024-07-04 17:04:01336browse
There is no formal virtual currency trading platform in China because the country prohibits such trading activities. The main reasons include financial risks, money laundering risks and consumer protection issues. Individuals are not allowed to participate in virtual currency transactions. If they need to invest, they can do so through overseas compliance platforms, but they need to pay attention to investment risks.
A complete list of domestic formal virtual currency trading platforms
Which are the domestic formal virtual currency trading platforms?
Currently, there is no legal virtual currency trading platform in China. In 2021, ten ministries and commissions including the People's Bank of China jointly issued the "Notice on Further Preventing and Dealing with the Risks of Speculation in Virtual Currency Transactions", which comprehensively prohibits virtual currency trading activities.
Why is there no formal domestic virtual currency trading platform?
The main reasons for banning virtual currency transactions in the country are as follows:
- Financial risks: Virtual currency transactions involve extremely high financial risks and can easily trigger bubbles and financial turmoil.
- Risk of money laundering: The anonymity of virtual currencies can easily be used for money laundering and illegal activities.
- Consumer Protection: The virtual currency trading platform lacks supervision, and consumer rights are easily harmed.
How should individuals participate in the virtual currency market?
In China, individuals cannot participate in virtual currency transactions. If there is a need to invest in virtual currencies, it can be done through overseas compliance trading platforms. However, it should be noted that virtual currency prices fluctuate violently, so investment needs to be cautious and be prepared to bear losses.
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