BitMEX exchange is registered in Seychelles and is not bound by a specific jurisdiction. In China, using the BitMEX exchange is banned and violators may face legal consequences.
BitMEX exchange’s nationality and usage in China
Nationality:
BitMEX exchange is a cryptocurrency derivatives trading platform registered in Seychelles. The Seychelles is an archipelago country in the Indian Ocean known for its loose financial regulations. This means that BitMEX is not subject to the laws and regulations of any specific country or jurisdiction.
Usage in China:
In China, the BitMEX exchange is banned. In 2019, the People's Bank of China (PBOC) issued an announcement banning all domestic cryptocurrency trading activities. This includes trading cryptocurrencies, engaging in over-the-counter (OTC) trading, and operating cryptocurrency exchanges.
Therefore, using the BitMEX exchange or conducting any activities related to it is illegal in China, and users may face legal consequences.
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