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Why does Coinfloor Exchange UK use XBT code for Bitcoin instead of BTC?

Bitcoin has not yet been ratified by the International Organisation for Standardisation. We choose to use a code that complies with ISO 4217 standard for currencies across the whole Coinfloor Group. Since Bitcoin is not associated with any specific country, the standard dictates that it should start with an X as does Gold (XAU) and Silver (XAG) and not BT which stands for the Kingdom of Bhutan.

If you would like to know more about ISO 4217 standard click here: http://en.wikipedia.org/wiki/ISO_4217.

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