It is not illegal in itself, but it is in the default gray area of the country. At present, there are no corresponding laws and regulations to stipulate whether it is illegal. Some spot commodity exchanges are prepared by central enterprises, state-owned enterprises or relatives of some senior officials. In short, as long as it is not private and has a bad influence, it has always been acquiesced by the state. After a few years, the state will definitely have a clean-up and reshuffle. This process will be the same as that of futures companies in the 1990s. At that time, many domestic futures spot companies, whether private or state-owned, also committed the crime of "speculation". If the state does not agree, these companies and individuals who speculate in futures can be arrested, but the state has not done so. It's that these companies and exchanges have developed for several years and suddenly come out to clean up and shuffle, leaving a few well-done, well-done and others.

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