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What is the Digital Currency License (Digital Currency Exchange License Inquiry)

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What is the Digital Currency License (Digital Currency Exchange License Inquiry)

What is a digital currency license? What is a digital currency license If you want to obtain a legitimate type of digital financial services, you need to apply for a license and corresponding technical support. This qualification is generally issued by the Regular army or government departments, such as public security departments, tax authorities, etc. For ordinary investors, such licenses are difficult to obtain and are easily targeted by scammers. So, in order to obtain such a “certificate”, one must hold the corresponding license to conduct transactions and activities. Many countries in China prohibit Bitcoin and other virtual currencies, and even some securities regulatory agencies require them to provide relevant documents. But at present, China has made it clear that Cryptocurrency does not have sufficient control capability and legal status. Therefore, there is still a lot of room in policy to restrict the use of various anonymous assets such as Bitcoin However, digital finance business is not illegal as it falls within the scope of illegal business activities and also involves issues such as money laundering and terrorist financing. And these are all work led by the People’s Bank of China, with the aim of participating in relevant crackdowns on illegal fundraising, online pyramid schemes, and other aspects for the general public. Therefore, China should actively promote the development of the blockchain industry

Digital Currency Exchange License Query

According to the fourth batch of domestic blockchain information service filing number announcement issued by the Cyberspace Administration of China, it will be implemented on April 1, 2021 In China, digital currency transactions have become a legitimate means of business activities, but there are still risks such as money laundering and terrorist financing that need to be addressed urgently. At the same time, regulatory authorities are gradually introducing relevant regulations, clearly requiring all business institutions not to refuse to provide services or products related to digital currency; In addition, current laws and regulations do not prohibit exchanges from raising funds from the public and engaging in token issuance financing activities For such situations, you can contact relevant departments for consultation. If you have any questions, please leave a message and feedback. We will answer and respond to your inquiry request as soon as possible.

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