On October 31, according to Tianxue data, a company named “National Chain Digital Asset Trading Service (Guangdong) Co., Ltd.” was incorporated in Zhaoqing City, Guangdong Province with a registered capital of 10 million yuan. In response, analyst Crypto Even advertised that this is an officially issued cryptocurrency transaction license, indicating that encrypted transactions can be conducted in China. Zhao Changpeng, founder of the currency, commented that even if this is true, it is not a cryptographic currency trading license. This is just a basic general business license, and there is one for every company in China. “Transaction services” have many meanings and there is no need to be overly excited.