What are the formal domestic virtual currency trading platforms? How many Bitcoin platforms are there?

There is no formal virtual currency trading platform in China. In 2017, seven ministries and commissions jointly issued an announcement banning domestic virtual currency trading platforms, and compliance platforms have been closed or transferred overseas. Overseas platforms provide services to Chinese users but are not subject to domestic supervision, which poses security and investment risks.

Domestic formal virtual currency trading platform

Answer:

There is currently no formal virtual currency trading platform in the strict sense in China. Cryptocurrency trading is an unregulated or prohibited area in China.

Detailed explanation:

In September 2017, seven ministries and commissions including the People's Bank of China jointly issued the "Announcement on Preventing Financing Risks of Token Issuance", announcing a ban on domestic virtual currency trading platforms. Since then, all domestic compliant trading platforms have been closed or transferred overseas.

Despite this, some overseas virtual currency trading platforms still provide services to Chinese users. However, since these platforms are not subject to domestic legal supervision, there are high security and investment risks.

Explanation on the number of Bitcoin trading platforms

Since there is no compliant virtual currency trading platform in China, there is no trading platform for Bitcoin in the country.

The above is the detailed content of What are the formal domestic virtual currency trading platforms? How many Bitcoin platforms are there?. For more information, please follow other related articles on the PHP Chinese website!