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What currency is qbao? (Is qbc coin legal?)

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What currency is qbao? According to the official Twitter of qbao, Qabo is a dig

What currency is qbao? (Is qbc coin legal?)

What currency is qbao? According to the official Twitter of qbao, Qabo is a digital currency. It is supported by an encrypted asset called qBO. This token can be used as a payment method to purchase mainstream currencies such as Bitcoin and Ethereum; it can also be used for other financial transactions or purposes. As a decentralized platform, qBoo allows users to buy and sell various digital assets, commodities, and derivatives (such as futures) on it.

According to the introduction of qAO, QBainsDex is a multi-chain wallet ecosystem built based on the Basis protocol, with main functions including aggregated financial income mining, collateralized lending mining, and other application scenarios, aiming to provide secure and reliable one-stop DeFi investment services to users.

Is qbc coin legal?

According to the financial news, recently, some users reported to a community that someone had posted a promotional material about “Beijing Bitcoin (BC)” in a group. After investigation, it was found that “bccoin” (referred to as “vc” below) is a company stock code registered on July 1, 2014. According to relevant regulations, it is not allowed to be used for any commercial purposes or other illegal activities; it is not allowed to issue and circulate tokens or engage in ICO, IEO, and other behaviors; it does not have the same legal status as legal currency, and the project has faced many problems and regulatory obstacles since its launch in early 2018. Regarding this, the relevant person in charge stated:

First, it is not possible to determine whether QC is a legal asset at present. However, if it can be confirmed that QTUM is created by a Chinese blockchain company and is created for the enterprises it supports, then it will become the second digital financial asset after Bitcoin, representing Bitcoin.

Second, accounts like “fc” and “Aobencong” are activities of fake companies conducting fraudulent transactions and claiming that they are not the ones doing this business. Therefore, these statements are not true because they have not been certified by relevant certification agencies, and have not obtained approvals from relevant departments, and such situations do not exist.

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