BTC China Completely Exits Cryptocurrency Trading Business

According to Bitpush, BTCChina officially announced that the shares of ZG.COM, a Singapore trading platform invested in January 2019, have been fully acquired by a Dubai crypto foundation. The specific terms of the sale have not yet been disclosed. BTCChina said that in response to domestic policies, it has completely withdrawn from the cryptocurrency trading business.

It is reported that ZG.COM is a completely independent company registered in the United States, Singapore, Estonia, Seychelles, etc. Founded by CKong;

Founded in 2011, BTCChina is China's first digital asset trading platform and was once the largest Bitcoin trading platform. It is also the namer of the Chinese name "Bitcoin". After the People's Bank of China and seven other ministries jointly issued the "Notice on Preventing the Risks of Token Issuance and Financing" in 2017, BTCChina stopped all trading business on September 30. Since then, people have begun to switch to other trading platforms, and BTCChina has gradually faded out of people's sight and began to transform into an enterprise that serves the real economy with blockchain technology, with an overall layout of five major business sectors: public chain services, blockchain research institute, investment business, overseas business and asset management.