BlockchainBaron
Wed Jul 17 2024
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5 answers
680
Does fidelity pay a commission on foreign exchange transactions?
Could you please clarify if Fidelity, as a financial institution, imposes a commission fee on foreign exchange transactions conducted by its clients? Many financial service providers levy charges for currency conversions, but I'm particularly interested in understanding if Fidelity has a similar policy. It would be valuable to know if these costs are transparently disclosed upfront or if there are any hidden fees associated with these transactions. Additionally, does Fidelity offer competitive rates compared to other financial institutions, or are there any specific benefits for clients who choose to conduct foreign exchange transactions through Fidelity?
Carolina
Sat Jun 08 2024
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5 answers
1137
Is USDT used in China?｜China warns that using Tether (USDT) as an intermediary in foreign exchange transactions is a violation of the law.
Could you please elaborate on the legal standing of USDT in China? Is the usage of USDT in foreign exchange transactions indeed considered illegal in the country? If so, what are the specific legal provisions that prohibit its use? And how does China enforce these regulations? Additionally, are there any exceptions or circumstances where the use of USDT might be permissible? Finally, what are the potential consequences for individuals or entities caught violating these laws related to USDT transactions in China?
