What are the formal currency speculation platforms in China?
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- 2024-07-23 17:27:02789browse
There is currently no formal currency speculation platform in China. Since virtual currency trading is illegal in China, token issuance financing activities and the operation of virtual currency trading platforms are prohibited. If you want to participate in virtual currency trading, it is recommended to invest carefully in legal exchanges, choose a reputable exchange, understand the risks and be prepared for losses.
What are the formal domestic currency speculation platforms?
There is currently no formal currency speculation platform in China because virtual currency trading is illegal in the country. In September 2017, seven ministries and commissions including the People's Bank of China jointly issued the "Announcement on Preventing Token Issuance and Financing Risks", which explicitly prohibited token issuance and financing activities and required virtual currency trading platforms to cease operations. Therefore, there is currently no formal currency speculation platform in China.
It should be noted that some criminals may conduct fraudulent activities under the guise of "regular currency speculation platform". Investors should be more vigilant to avoid being deceived.
If you want to participate in virtual currency trading, here are the suggestions:
- Only trade on legal and compliant exchanges.
- Choose a reputable exchange with clear trading rules and safeguards.
- Invest carefully and don’t spend everything.
- Understand the risks of virtual currency and be prepared to lose money.
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