What is the Ant Coin Code (Is Ant Coin Legal)

What is the Ant Coin Code? According to official sources, what is the Ant Coin Code?

The Ant Blockchain Technology team has provided a solution to various pain points and issues in the internet industry: using smart contracts to achieve irreversible and traceable on-chain transactions; adopting a new design concept to build a secure, transparent, and decentralized network.

The Ant Group has developed its own digital currency called DCEP (Digital Currency Electronic Payment) and has issued tokens DCEP based on the EOS mainnet to promote global economic development.

Is Ant Coin Legal?

Recently, there have been reports in the media that Ant Group’s Alipay (formerly known as Tencent Pay) has issued a new token called “Ant Coin”. According to reports, “Ant Coin” (also known as Ant Chain) is one of the earliest forms of currency based on blockchain technology in China, mainly targeting small and medium-sized enterprises and individuals. On September 4, 2018, the People’s Bank of China and five other ministries issued the “Notice on Preventing Risks of Virtual Asset Trading Speculation”, stating that they will comprehensively crack down on illegal fundraising activities using Bitcoin mining operations and activities conducted under the name of “financial innovation” and “blockchain + public welfare charity”. At the end of 2017, the People’s Bank of China and seven other departments jointly issued a notice requiring administrative penalties for individuals participating in ICO activities. Starting from early 2018, the Supreme People’s Procuratorate organized a special governance conference to seriously investigate and deal with issues such as MLM and fraud using digital currency. (China Business News)