Is OuYi trading software legal?

European trading software is legal in most countries, including Singapore, the United Kingdom, the United States (except New York State), Australia, Canada, Japan and EU countries. However, it is illegal in mainland China and should be avoided by Chinese users. OUYI complies with anti-money laundering and counter-terrorism financing laws and has obtained multiple licenses and certifications.

Legality of OuYi trading software

Whether OuYi trading software is legal or not, this is a question that needs a clear answer.

Legality:

Yes, OYI trading software is legal in most areas outside of China. OuYi is headquartered in Singapore and complies with relevant local laws and regulations.

Legality Scope:

European trading software is legal in the following regions:

• Singapore
• UK
• United States (except New York State)
• Australia
• Canada
• Japan
• EU Countries (except the Netherlands)

Legality in Mainland China:

In Mainland China, the European trading software is not legal. The Chinese government bans all cryptocurrency exchanges, including Oyi.

Details:

Ouyi complies with anti-money laundering and counter-terrorism financing laws and has established a strict compliance process. The exchange has received multiple licenses and certifications, including:

• Digital Payment Token Services License from the Monetary Authority of Singapore (MAS)
• Electronic Money Institution License from the UK Financial Conduct Authority (FCA)

Conclusion:

European trading software is legal in most countries. However, the exchange is illegal in mainland China and Chinese users should avoid using it. OuYi complies with relevant regulations and takes measures to protect user funds and assets.

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