What is YUANBAO Network’s Taiyi Certification (Is YUANBAO Network’s Trading Platform Legal)?
What is YUANBAO Network\’s Taiyi Certification? YUANBAO Network\’s Taiyi Certific
What is YUANBAO Network’s Taiyi Certification? YUANBAO Network’s Taiyi Certification is the result of certification and security testing conducted by blockchain professionals from the China Electronics Technology Standardization Institute. According to the introduction, YUANBAO Network’s Taiyi Certification includes features such as possessing three complete certificates, trusted computing capabilities, network stability, and multi-party signature verification. It also has four cryptography system certificates, five financial-grade product certifications (involving payment clearing), six securities product certificates, and seven certified public accountant licenses, among others. YUANBAO Network believes that achieving security improvement in digital currency transactions also requires certain costs.
Is YUANBAO Network’s Trading Platform Legal?
According to the “Shenzhen Evening News” report, YUANBAO Network is a virtual digital asset trading platform. Its website was exposed to allegations of fraud, pyramid schemes, and telecommunications network fraud and other illegal criminal activities after being registered for 6 months. The exchange has currently halted its services, and users are unable to withdraw or make withdrawals. In addition, YUANBAO Group has not issued any warnings to investors. It is known that YUANBAO Network is a “virtual currency” futures contract trading platform with the code name “LBP,” established by the well-known blockchain investment bank Gao Weida Investment and provides technical support for Bitcoin futures contract trading. (Tencent Securities)
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