What are the domestic recognized digital currency exchanges?

There are 10 digital currency exchanges recognized by the People's Bank of China: Huobi.com, Binance.com, OKX, Matcha.com, ZB.com, Gate.io, LBank, MEXC, Biying.com, Fatbit.com, these exchanges Comply with the relevant regulations of the People's Bank of China, be legally registered, have a complete risk control system, pass certification, have clear rules and cooperate with regulatory inspections. Unaccredited exchanges are illegal in China and there are risks involved in participating in them.

Domestic recognized digital currency exchange

Recognized institution:

• People's Bank of China

Recognized exchange:

• Huobi
• Binance
• OKX
• Matcha Network
• Zhongbi.com
• Gate.io
• LBank
• MEXC
• Biying.com
• Fat Bit.com

Accreditation standards:

These exchanges all comply with the regulations issued by the People's Bank of China The "Notice on Strengthening the Management of Digital Currency Transactions" stipulates that the following conditions must be met:

• Legally registered entity, with a clear office in the country
• Having a complete trading system and risk control mechanism
• Passed KYC (Know Your Customer) ) and AML (anti-money laundering) certification
• has clear trading rules and user protection measures
• actively cooperates with the inspection and supervision of regulatory agencies

Other matters to note:

• Other unapproved digital currencies Exchanges are illegal in China and users may face risks using these exchanges.
• The People’s Bank of China prohibits domestic institutions and individuals from participating in digital currency issuance, trading and financing activities.
• Investors should fully understand the relevant risks and participate with caution before conducting digital currency transactions.

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