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

Bitcoin has not yet been ratified by the International Organization for Standardization. We choose to use a code that complies with ISO 4217 standard for currencies. 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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