China’s Legal Digital Currency Exchange (Legitimate Digital Currency Exchange)

Regarding domestic legal digital currency exchange and legal digital currency exchange issues, many friends do not know. Next, let’s take a look at the following with the editor of Biniu.com…

Regarding the issue of China’s legal digital currency exchange and legal digital currency exchange, many friends do not know. Next, let’s take a look at the specific answers of China’s legal digital currency exchange with the editor of Biniu.com.

Nationally recognized.

Only DCEP legal digital currency is legal and digital currency exchange is legal.

Since many criminals in the currency market break the law and rely on digital currency exchanges to conduct money laundering transactions, there are illegal venues for currency transactions. However, in some countries, they still support digital currency transactions. Attitude, currency exchange is a legitimate place to support the country.

is legal. Currently, China does not have a clear legal or illegal definition of virtual digital currency transactions, mainly Bitcoin. However, it has been very clear before that trading digital currencies between individuals is completely legal and is subject to legal constraints. In terms of protection, we have seen that since 2013, there have been many domestic legal cases involving virtual digital currencies such as Bitcoin. Basically, in the trials of these legal cases, digital currencies will be recognized as personal property or corporate property. part.

Extended Information:

1. Binance is headquartered in Malta. Its Chinese name is Binance. It is a comprehensive blockchain ecological brand under the company. Founded in 2017, it aims to become a basic builder in the blockchain world and promote blockchain. Industrial development, realizing the free circulation of value, and providing the world with a wide range of digital currency transactions, currency information, blockchain education, blockchain project incubation, blockchain charity funds and other services. It operates blockchain asset trading platform Coin the net. The founder of Binance Exchange is Changpeng Zhao, a Chinese-Canadian engineer. Binance currently ranks among the top three global digital currency trading platforms. Binance’s trading interface is very user-friendly, available in different languages, and supports multiple currencies. New currencies are added frequently.

2. Binance always insists on putting the interests of users first and is committed to providing a safe, fair, open and efficient blockchain digital asset trading environment. At the same time, with blockchain as the core, we will establish a complete blockchain ecosystem, create a new blockchain world with users, and create history together. The boss of Binance is Canadian-Chinese engineer Changpeng Zhao, whose English name is CZ. He is the CEO of Binance and the CEO of BiJie Technology. He was born in Jiangsu, his parents are both educators. His father is a university professor. In the late 1980s, the family moved to Vancouver, Canada, where he received his education.

3. He once served as the technical director of Bloomberg; later he founded Fuxin Information Technology Co., Ltd. He was not only the founder, but also the president of China. Changpeng Zhao also joined as a co-founder and served as CTO. He managed the technical team and was responsible for the international marketing team, quickly establishing international influence. Currently as a digital currency exchange (

) position of CEO. In February 2018, Forbes released its first rich list in the digital currency field. Founder Chris ranks first with a net worth of $7.5-8 billion; Binance founder Changpeng Zhao ranks third with an estimated net worth of $1.1-2 billion. The only Chinese to enter the top ten. And appears on the cover of this issue of Forbes magazine.

Three major exchanges: biteb China, OK, hbi

For example: Bitcoin China (China) was established on June 9, 2011. It is a Bitcoin trading platform operated by Shanghai Satus Network Co., Ltd.

virtual currency exchange

The three major virtual currency exchanges are: biteb China, OK, and hbi. Virtual currency refers to non-physical currency. Well-known virtual currencies include Baidu Coin of Baidu Company, Q Coin of Tencent Company, Q Points and points coupons of Shanda Company, micro-coins launched by Sina (used for micro-games, Sina reading, etc.), Chivalry Yuanbao (used in Chivalry games), and Wen Yin (for Blue Bloods game), the popular digital currencies in 2013 include Bitcoin, Litecoin, Infinity Coin, Quark Coin, Zeta Coin, Barbeque Coin, Penny Coin (external network), invisible gold gold bars, red coins, prime number coins . There are currently hundreds of digital currencies issued around the world.

Other virtual currency exchanges

1. Huobi APP

Huobi APP is a very well-known virtual currency trading platform in China. The recently popular Bitcoin, Q coins and various digital currencies can be traded on the Huobi Pro APP. Huobi Pro APP will push you new currency prices and various new information, and also supports online transactions anytime and anywhere.

2. Oykox

The software APP is one of the three major blockchain trading platforms in China and one of the world's most famous digital asset trading platforms. It mainly provides currency and derivatives trading services for digital assets such as Bitcoin, Litecoin, and Ethereum to global users. .

3. Zhongbi.com

The ZB.com trading platform APP facilitates users to conduct Bitcoin (), Litecoin (), Ethereum (ETH), Ethereum Classic (ETC) transactions and market inquiries. zbapp is committed to providing users and the industry with professional, safe and transparent currency one-stop services.

4. Coin world

The official website of BiWorld Trading Platform is a mobile software focused on providing the latest virtual currency information. Many friends ask, what platform is Coin World? It is just a news and information platform for digital currencies such as Bitcoin and Litecoin. It is not a trading platform. However, you can find relevant virtual currency trading platforms there.

5. Binance Exchange

The latest version of the Binance Exchange App is a trading platform focused on blockchain assets created by a group of digital asset enthusiasts. The Binance app includes Bitcoin,,, and has a very wide variety of currencies.

Provide the latest official version of gate.io for download to ensure the security of user transaction information and funds, and provide users with a safe, fast, fair and notarized Bitcoin trading platform.

7. Matcha official website

The Matcha official website download APP supports global currency transactions. You can easily keep track of all digital transaction status and commodity circulation status on your mobile phone. Users can submit orders through their mobile phones anytime and anywhere for fast transactions.

8. OKEX wallet

OKEX Wallet APP currently supports 14 main chain coins and most ERC20 tokens, stable coins and TRX tokens. You can use a multi-chain wallet to safely store your digital currency assets offline. Free C2C, currency to currency, Bitcoin contract market display and trading blockchain products. okex is committed to providing users and industries with safe, professional, and transparent one-stop digital asset services.

Provide the latest version of Huobi Wallet APP for download. Huobi Wallet is a digital asset application supported by Huobi blockchain technology. The wallet team adheres to the consistent pursuit of quality and strives to provide users with asset security, system stability, and easy-to-use product experience. After users install Huobi Wallet, they can directly log in to the wallet application using their Huobi account.

China currently does not have a legal digital trading platform because our country has not yet issued a digital currency. The so-called digital currencies on the market are not real, but virtual. It’s important to note that digital currency and currency digitization are not the same thing at all, so don’t confuse the two. In the future, digital currency may be issued by our country, but it must be the Bank of China and the Central Bank, because these are banks founded by the state. Also know that Bitcoin is not a currency, but a metaphor for credit issued by a country. There is no such thing yet. Major countries recognize it as real currency. So what formal digital trading platforms are there currently in the world? Let’s talk to you today.

One: Real Madrid Mar.

The digital trading platform is the UK's largest investment platform and is owned by Real Madrid. Founded in 1979 and headquartered in London, England, it mainly trades 231 products such as virtual currencies and futures stocks. Virtual currencies have advantages and disadvantages, but currently this digital trading platform is one of the largest investment platforms in the world because it has been established for a long time, has sufficient credit, supports bank transfers or wire transfers, and is very safe and reliable.

Two: Huobi.com.

It should be noted here that although it was promulgated by our country, it is not a nationally recognized method. Therefore, it is no longer a legitimate digital trading platform in the public eye. The company is operated by Huobi Tianxia Network Technology Co., Ltd. and is one of the global trading platforms. The core members of the company all graduated from prestigious universities and often work in large enterprises such as Tencent. The company mainly develops abroad because our country has not yet uniformly implemented digital currency. However, the company members have rich experience in Internet and financial operations, and are also a completely trustworthy trading platform.

The content of the above article is everything I know about digital trading platforms. Hopefully you can gain some knowledge and understanding. thank you all.

According to the "Announcement on Preventing Token Issuance Financing Risks", there is no approved digital currency trading platform in China.

On September 4, 2017, the "Announcement on Preventing Token Issuance Financing Risks" jointly issued by the central bank and seven other ministries and commissions pointed out that any so-called token financing trading platform shall not engage in legal tender, tokens, and "virtual currencies." When conducting exchange business between parties, they are not allowed to buy or sell tokens or "virtual currencies" or act as central counterparties, nor are they allowed to provide pricing, information intermediary and other services for tokens or "virtual currencies".

On November 13, 2019, the Beijing Local Financial Supervision Bureau issued the "Risk Warning on Trading Venue Branches Carrying Out Business Activities Without Approval" stating: "Overseas trading venue branches (mainly financial asset exchanges) Carrying out business activities is an illegal business behavior in Beijing."

Extended Information

Digital currencies may breed many illegal activities, and exchanges may be one of the areas where illegal activities occur. Exchanges have the potential to manipulate the stability of digital currency values, but the stability of currency values ​​is closely related to the risks of the financial system. If currency fluctuations are artificially manipulated, it may lead to reverse flow of funds and affect the security of the country's financial system. .

From the perspective of financial stability, strengthening the supervision of exchanges is conducive to maintaining the stability of the financial order. Due to the inflow of a large amount of funds into exchanges, under the influence of merchants' pursuit of profits, ICO behavior is likely to occur in the currency circle, resulting in a lack of necessary support for chain technology research and development. In order to regulate the market, it is necessary for relevant departments to strengthen exchange supervision.

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