#BTC Why doesn't China actively establish a fully compliant virtual currency exchange? How difficult is the road to compliance for virtual currency exchanges?
Actually, China does have the capability to establish fully compliant cryptocurrency exchanges. Technically, issues such as anonymity and exchange rug pulls can be effectively addressed through methods like KYC authentication, independent custody, independent settlement, and independent trading.
At the same time, by binding personal forex quotas, compliance flow of funds can be achieved, and transaction income tax can be obtained from i