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China’s digital currency trading centers and its platforms in South Korea

The largest digital currency trading centers in Beijing have put off their stands in South Korea launches because of the uncertainty surrounding the Government’s planning laws. Where the organizers currently on the system to determine the true name ending anonymous trades for covert operations in the country.

Since the Chinese Government closed digital currency exchanges in last September, two of the largest platforms in the country preparing to enter South Korea market. But new Government regulations led to postponing the move.

digital currency trading
digital currency trading

Plan to start trading service at digital currency trading

Chinese trading center has established belonged to a Korean company  in October with a plan to start trading service in December last year. To start the platform initially supported 10 digital currencies, including Bitcoin, Bitcoin cash and Ethereum .

Hubei trading center also developed a plan to launch the Exchange in South Korea. The company recently entered into a partnership with SPIE Japan holdings to start its operations in Japan. According to the Nikkei newspaper.

Larger Chinese Bitcoin from trading platforms to Japan 

In December the Korean government carried out a number of measures on the regulation of the digital currency, most of the recent measures related to the elimination of anonymous trading of covert operations. The government has also established a real name identification system and the practice of anonymous trading is likely to end by 20 January.

The instantaneous prices of  Bitcoin during Thursday’s trades dropped to trade at 15010 dollars after the day’s trades opened at 15150 dollars, registering the highest level at 15390 dollars while the lowest level at $14953.

South Korea’s agreement with the biggest banks 

According to CryptoCompare website, digital currency markets in both Japan and South Korea is responsible for approximately 40% of Bitcoin from trading operations and about 10% of the circulation of Ethereum in the whole world. And digital currencies are traded in these two countries by millions of active traders, despite the application of strict regulations require that you know your customer (KYC) and anti money laundering (AML) and that makes the process of verifying the user is uncomfortable and ineffective.

The introduction of large digital currency banks, such as Huobi, will improve the structuring of the digital exchange markets in Japan and South Korea, which are now dominated by a handful of exchanges. And most of all, when China was considered responsible for the majority of the bikini deals in 2016, Huobi was the most heavily traded day in the world market. As such, the Huobi will probably be able to provide a trading platform capable of meeting the requirements of a cupcake See traders and investors from the digital and other currencies.



I write in the field of health 5 years ago although I have concerns in other areas such as technology and electronic marketing and also finances but I preferred the field of health because it gives the necessary expertise to take care of our bodies and how to deal with the different diseases spread, aware that health is the most important thing that man owns so We should have taken good care of it. and it is also considered to be a technologically advanced field that always helps me learn more about the world of technology and the world of communication and the new mobile phone market, so I found it wonderful to share with others what I have to know. As well as electronic marketing which is one of the most important uses that depend on the Internet and social networks and what applications to help you to reach what you want to market and to the target audience you want

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