Which country is Hotcoin Exchange located in? Can I register in mainland China?
- 王林Original
- 2024-08-13 15:37:02293browse
Hotcoin Exchange is headquartered in Singapore and is not open to registration for mainland Chinese residents. The reason is that the People's Bank of China has banned domestic cryptocurrency trading and financing activities, and there are legal risks for mainland residents participating in such transactions.
Hot Coin Exchange’s country and registration status in mainland China
Hot Coin Exchange is a global cryptocurrency exchange headquartered in Singapore.
Can I register in mainland China?
According to China’s current cryptocurrency regulatory policy, mainland residents cannot register directly on Hotcoin Exchange. The People's Bank of China issued an announcement in September 2017 banning all cryptocurrency trading and financing activities within the country. Therefore, if mainland residents want to use hot currency exchanges, they usually need to register and use them indirectly through third-party services or overseas agents.
It should be noted that all cryptocurrency exchanges in China are illegal operations, and there are legal risks for mainland residents to participate in such transactions.
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