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KeepBit crypto exchange, alleged to violate regulations in mainland China!
Source:
2026-03-13
Edit:Soyouit

   KeepBit, an encrypted exchange incubated by the international institution AmberGroup, provides trading services for digital assets such as Bitcoin and Ethereum, and promotes the use of Layer2+ZK-Rollup technology architecture to ensure security. However, according to China's current regulations, virtual currency trading has been clearly defined as "illegal financial activities," and any related platforms operating in the country are in violation of regulations. 

  The exchange faces multiple operational risks: firstly, its claimed "new paradigm of decentralized trading" actually circumvents regulation, and user asset security lacks legal protection; secondly, despite the platform's emphasis on "asset self-control", there have been multiple complaints about users being unable to withdraw funds; most importantly, the KeepBit platform has not obtained any qualification licenses issued by China's financial regulatory authorities, and operates illegally without a license, requiring investors to be highly vigilant.

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