What is the meaning of the white line in Biying and what is the meaning of the yellow line? (Is Biying Exchange legal?)
The white line in Biying refers to something, while the yellow line has a diffe
The white line in Biying refers to something, while the yellow line has a different meaning. According to official sources, the term “white line” is used when making investments. For example, it means that when you predict an increase or decrease in value, you can buy a red bar type stock. However, it is important to note that this is a very risky technical pattern as it can easily be overlooked or misjudged. This pattern also has strong vitality and is not suitable for long-term investment unless you are a long-term trader.
Is Biying Exchange legal?
According to official sources, is Biying Exchange legal? On June 3rd, the Shanghai Pudong New Area Procuratorate issued a notice regarding the prevention of new types of illegal crimes such as fraudulent investment management, pointing out that “online lending platform operators are suspected of organizing and leading pyramid schemes.”
Based on this notice, it has been discovered that since September 2018, there have been serious vulnerabilities in the Biying trading system and user funds have been stolen. Therefore, without conducting a strict due diligence investigation, a report has been made to the relevant authorities. At the same time, investigations and evidence collection regarding investments in virtual currencies have been conducted, and the case has been filed and handled by relevant departments in accordance with the law.
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