Limitation of Liability
The founders, managers, shareholders, directors, and current and former employees of Shanghai Satuxi Networks Limited (here referred to as BTCChina) do not represent BTCChina's standpoint and do not act on BTCChina’s behalf.
BTCChina actively cooperates with regulators to ensure that all trading activity on its platforms is legal. BTCChina’s cooperation with regulators includes its implementation of an anti-money laundering and counter terrorist financing system that was developed in accordance with regulations set by the People’s Bank of China.
“Bitcoin is a virtual commodity that does not have the same legal status as currency, and cannot be used as legal tender,” according to the Prevention of Risks Associated with Bitcoin notice that was published by the People’s Bank of China, Ministry of Industry and Information Technology, China Banking Regulatory Commission, China Securities Regulatory Commission, and China Insurance Regulatory Commission on December 3rd, 2013. BTCChina takes the same standpoint as the regulators above with regards to bitcoin, ethereum, and other digital assets – we regard them as innovative digital assets.
BTCChina hereby also affirms that it will adjust its business operations if, when, and how regulators require it to do so.
BTCChina does not participate in the actual trading on its platforms; all trading on BTCChina markets is strictly undertaken by buyers and sellers only. BTCChina only provides a settlement service for buyers, which allows them to withdraw digital assets or CNY.