Hotcoin exchange's country of origin and mainland registration status
- WBOYOriginal
- 2024-08-27 18:10:01601browse
Hotcoin exchange belongs to Singapore and is not registered in mainland China. The company is headquartered in Singapore and is not subject to regulatory oversight in mainland China.
Hotcoin (hot currency) exchange’s country of origin and mainland registration status
Country of affiliation:
Hotcoin (hot currency) exchange’s official website does not clarify its country of origin information. From its historical background and operations, it is generally believed that Hotcoin Exchange is a global cryptocurrency exchange headquartered in Singapore.
Mainland registration status:
According to relevant laws and regulations in mainland China, no organization or individual is allowed to engage in virtual currency transactions within the country without approval from regulatory authorities. Therefore, the Hotcoin exchange is not registered in mainland China and is not subject to the supervision of mainland China regulatory authorities.
Detailed explanation:
About the country of ownership
Hotcoin (Hotcoin) Exchange’s official website does not specify its country of ownership, but its team members and operational activities are mainly concentrated in Singapore. In addition, the domain name .sg (Singapore domain name) of the Hotcoin exchange also indicates to a certain extent its close connection with Singapore. Therefore, most industry players and users believe that the Hotcoin exchange is headquartered in Singapore.
About mainland registration
According to the regulations of the People’s Bank of China and other regulatory authorities, no organization or individual is allowed to engage in virtual currency transactions within the country. Therefore, the Hotcoin exchange is not registered in mainland China and is not subject to the supervision of mainland China regulatory authorities. It should be noted that there are certain legal risks for users in mainland China to use Hotcoin exchanges for transactions.
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