Cryptocurrency Short News

BitoPro All Set to Launch First Regulated Debt Purchased Platform


BitoPro, Taiwan’s largest crypto exchange will launch BitoDebt, the very first regulatory-compliant debt purchase platform on November 26th, 2019. However, the platform will allow only Level 2 BitoPro users to manage their own wealth. Users will also get a “Repurchase Agreement” to make sure it is legal.

Titan Cheng said that this platform helps to attract risky people into the market, mainly because the platform provides a buyback clause. If the debtor cannot return it in full, the debt purchase platform will buy back the debt to protect the user’s rights. BitoPro CEO confirms that BitoDebt is a professional legal credit subscription platform.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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