What does BTC mean on Asia Exchange? (Is Asia Exchange platform legal?)
What does BTC mean on Asia Exchange? According to coindesk news, BTC on Asia Ex
What does BTC mean on Asia Exchange? According to coindesk news, BTC on Asia Exchange refers to Bitcoin in the Asian digital asset trading platform. This term was introduced by the Singapore company Bitcoin Corporation (BTCC for short), and it is a cryptocurrency product based on blockchain technology for issuance and circulation. Therefore, it is a very popular investment target.
However, this is just a simple term. Although many people know that “亚交所” means “Asia Exchange” in Chinese, they actually do not understand why it would be called such a name.
Is Asia Exchange platform legal?
According to ChainNews, at the recent 3rd Global Blockchain Industry Summit, it was discussed whether Asia Exchange platform is legal or not. According to current laws, regulations, and regulatory policies, Asia Exchange has established a dedicated company in Hong Kong. However, for Chinese mainland users of the Asian digital asset trading platform, this exchange belongs to the illegal financial activity field. Its official website shows that as of June 15, 2018, the registered users have exceeded 3,000.
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