Setting up virtual currency trading platform in foreign countrie

1. The CFC classifies bitcoin and other virtual currencies as & quot; Commodities & quot; At the same time, each state has successively introced the digital currency regulatory laws and regulations to determine the regulatory framework of the digital currency instry.

2. At present, bitcoin and other virtual currency transactions are prohibited in China; The original domestic virtual currency trading platform either stopped operation, or transferred to foreign markets

there are two types of virtual currency trading platforms for users to choose from:
first, the original well-known trading platforms in China, such as the global professional website of fire coin, okcoin international station and so on
for users, this type of trading platform is more familiar and has more choices
2. Overseas trading platforms, such as bitfinex, coinbase, etc; Users have relatively few choices. After all, they need to have a certain level of English
but generally speaking, there are some risks in virtual currency transaction, and users are advised to choose rationally and trade cautiously.

3. Foreign well-known bitcoin trading platforms are as follows:
bitfinex, coinbase, bitstamp, btc-e
PBOC first landed in the Korean market, where it has a digital currency platform to support its transactions.

4. (1) With low service charge, quick cash withdrawal and many currencies, it supports a variety of well-known virtual currency transactions and is convenient to purchase usdt. It can be said that it is the best exchange in China with app and high security
(2) kucoin overseas version (coin win background) has smooth interface operation, and the speed of withdrawing money is not bad, but most of them are junk ICO coins, many names have not been heard of, there are app
(3) China bitcoin overseas version EXX (slow coin withdrawal, kengdai) gambling platform, fixed-point burst futures, it seems that there is a problem with withdrawing money, there is no app
(4) hot coin overseas version, Collude with OK, dozens of junk money a week, no bottom line, many small problems. Support C2C transactions, there are app
(5) okcoin overseas version, this does not say, OK life black, although support C2C transactions, but bottomless line shelf circle coins, flicker leeks, C2C transactions can not be withdrawn, embezzle the user's four decimal digits of assets tens of millions, careful into
(6) BTCC overseas version, support the dollar UnionPay direct charge, but the handling charge is high, it is relatively low-key in China, The experience of transaction interface is very poor
(7) the overseas version of cloud coin has few currencies and many problems, so it's all warriors
(8) at present, coin an is the largest exchange in China, with the most complete currency and many activities. It doesn't card you to withdraw and recharge money. Although there are so many junk money in ICO, it doesn't have as many problems as hotcoin OK. It has apps, needs to translate Q, and mobile clients don't use to translate Q
(9) Yuanbao overseas version has Canadian financial license, legal operation, insufficient depth, small amount of currency, small transaction volume and insufficient UI beautification
(10) in the bitage, the overseas version takes a very long time to review, and it takes you a long time to pick up the coin and issue the coin. The miner's fee used to be a little higher, but now it's just a little higher. 0.5% for recharge, 1% for withdrawal, and the highest withdrawal fee in the whole universe. The garbage made by the K-line chart can't keep up with the ICO coin. At present, this platform can't stand the temptation of interests, and the card is only issued half a day, The trading volume is a little less. At present, I have abandoned this platform
(11) the overseas version of China's bitcoin has just been opened for trading, and C2C trading has a unique qash trading area. There are many small problems, so be careful to enter.

5. There is no formal virtual currency trading platform in China. In the past 17 years, a document has been issued to prohibit the establishment of virtual currency trading venues in China. If there are any in China, it is illegal.

6.

With regard to the digital currency which has soared tens of thousands of times before, various policies and news are constantly emerging. Bitcoin fell from the highest point of 130000 to about 40000, and Shanzhai digital coin even fell to 99%. But Xiangge said that the transaction will not end, but there will be periodic fluctuations. In the news of China financial news network, I communicated with senior people in the currency circle for the first time. When the news is all over the place and people are in a panic, the more we need to listen to the ideas and opinions of professionals. My friend, a Xiong, CEO of digital exchange, has experienced the whole process of digital currency take-off, development and adjustment. His current project is digital currency trading platform and related intelligent investment consultant. His thoughts and opinions are summarized as follows:

7.

Speculation in foreign exchange generally refers to foreign exchange margin trading and firm offer trading. That is, investors conct foreign exchange transactions with the services provided by banks or brokers

At present, there are two main channels for domestic investors to invest in foreign exchange, one is through the foreign exchange firm offer opened by domestic banks, the other is through foreign dealers (domestic agencies) to directly open accounts abroad for foreign exchange margin business. The biggest difference between foreign exchange margin trading and foreign exchange firm offer trading is that foreign exchange margin trading takes the form of margin, and uses leverage principle to make small and broad. This paper focuses on whether the residents log on to the foreign dealer platform through personal login or network agent platform to conct foreign exchange margin trading constitutes the crime of illegal operation of illegal foreign exchange trading or related illegal acts

does speculation in foreign exchange by domestic residents constitute a crime of illegal foreign exchange trading? Before that, some people thought that trading foreign exchange in China must be carried out in designated banks or relevant institutions, and speculation in foreign exchange is obviously a kind of speculation through trading foreign exchange, reselling foreign exchange, and it is a typical reselling for profit, so this kind of behavior constitutes illegal foreign exchange trading outside the prescribed place, As long as the amount of business exceeds 200000 US dollars or the profit exceeds 50000 RMB, it constitutes the crime of illegal business operation

the most famous case is that Huang Guangyu was convicted of insider trading and illegal business operation. The court found that in order to repay his gambling debts in Macao, Huang Guangyu paid Macao's casinos in RMB exchange for Hong Kong dollars through underground banks, and the amount exceeded 100 million yuan. The court held that this kind of behavior belonged to trading foreign exchange outside the designated place, so it constituted the crime of illegal business operation

However, first of all, the object of the crime of illegal foreign exchange trading is China's foreign exchange management system. The reason why the judicial authorities of our country regard Huang Guangyu's behavior as the crime of illegal business operation is that this kind of behavior of purchasing foreign exchange through underground banks infringes the existing foreign exchange management system of our country, and belongs to the typical realization of illegal OTC Foreign Exchange

8. At present, there is no regulation on digital currency transaction in China
however, it is strongly recommended not to play with foreign platforms, which are easy to be hacked and frozen
for domestic platforms, please identify three major platforms: okex, fire coin and coin security
more questions about digital currency can be left!

9. The cost of IMOs platform is very high. If you choose his platform, you have to choose his whole solution. Beijing youshigao's software platform can be connected with Huasan's IMOs platform, and can also be compatible with the equipment of Haikang, Dahua and other domestic mainstream manufacturers. Under the unified management of youshigao's software platform, two or more sets of systems can be compatible.