LBank exchange’s country of origin and mainland registration status

LBank Exchange is headquartered in Hong Kong, China and has not yet been registered in mainland China. Therefore, users in mainland China may face legal risks, asset security risks and fund freezing risks when using LBank Exchange. In order to ensure the safety of assets and avoid legal risks, it is recommended that users in mainland China use formal platforms licensed by the government to conduct cryptocurrency transactions.

LBank exchange country of origin and mainland registration status

Country of affiliation:

LBank Exchange is a cryptocurrency exchange headquartered in Hong Kong, China.

Mainland Registration:

Currently, LBank Exchange has not been registered in mainland China and obtained government license. Therefore, users of LBank Exchange in Mainland China may face the following risks:

• Legal Risks: Using unlicensed cryptocurrency exchanges is illegal in Mainland China and may Will be punished.
• Asset Security Risk: Due to the lack of supervision, the security and stability of unlicensed exchanges may not be guaranteed.
• Fund freezing risk: If the exchange is investigated or shut down by the government, users’ funds may be frozen.

Recommendation:

In order to protect asset security and avoid legal risks, mainland Chinese users are not recommended to use the LBank exchange. If you need to trade cryptocurrencies, use a formal platform licensed by the government.

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