ISO 4217 is a standard first published by International Organization for Standardization in 1978, which delineates currency designators, country codes (alpha and numeric), and references to minor units in three tables: . Table A.1 – Current currency & funds code list Table A.2 – Current funds codes Table A.3 – List of codes for historic denominations of currencies & funds It’s used in the ISO 4217 codes for metals like XAU (gold), XAG (silver) and XPT (platinum), for instance. Also BTC could conflict with BTN which is the abbreviations of Bhutan’s currency, however on the real Bitcoin brokers Bhutan’s currency is usually not in use, that might be the reason why many brokers don’t care and use “BTC” in their listings. ISO 4217 standard and the use of acronym XBT. According to ISO 4217 standards there are certain rules that defines the codes of both national currencies and supranational assets like Gold, Silver, Platinum. According to them the first 2 letters of the three-digit code should be the country code and the last letter should denote the initial ... 0.0015 Bitcoin to Chinese Yuan Renminbi, 0.0015 BTC to CNY Currency Converter The Bitcoin (Sign: ; ISO 4217 Alphabetic Code: BTC; ISO 4217 Numeric Code: ;) Bitcoin (BTC) is a digital currency first described in a 2008 paper by pseudonymous developer Satoshi Nakamoto, who called it an anonymous, peer-to-peer, electronic payments system. Bitcoin creation and transfer is based on an open source ... ISO 4217 is a standard published by International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units. This data is published in three tables: Table A.1 – Current currency & funds code list An airline ticket showing the price in the ISO 4217 code "EUR" ... Binance: BNB conflicts with ISO 4217, because BN stands for Brunei Darussalam. BSV: 8: Bitcoin SV: BSV (Bitcoin Satoshi Vision) conflicts with ISO 4217, because BS stands for Bahamas. BTC, XBT: 8: Bitcoin: BTC conflicts with ISO 4217, because BT stands for Bhutan. DASH: 8: Dash: DASH is of non-standard length. EOS: 4: EOS: ETH ... Bitcoin does not have ISO 4217 official code as it is not ISO recognized. A currency code is based on ISO 3316 country code and the currency represents the third letter. BTC issued in the Bitcoin community, where BT refers to Bhutan country code and the X represents the currencies used internationally, while XE chooses to represent Bitcoin using XBT. Using the bitcoin and altcoin market is ... Bitcoin is not recognized by the ISO and therefore does not have an official ISO 4217 code. A currency code is generally built from the two-digit ISO 3316 country code and a third letter for the currency. Although "BTC" is often used in the Bitcoin community, BT is the country code of Bhutan. An X-code reflects currencies that are used internationally and so, XE has chosen to use XBT to ... The answer is simple: there is already a currency with this ISO 4217 currency code that stands for a European Unit of Account. The state of adoption Now that you know the origin of the ‘XBT’ ticker (if you knew about its existence in the first place), let’s compare it with BTC, the old-timer that has been associated with Bitcoin since its very inception in 2008. Bitcoin is decentralized in nature and there is no standard or authority that can force the use of the acronym XBT. The problem with the acronym ‘BTC’ is that it has already been listed under the ISO 4217 standard, and clashes with Bhutan’s currency, which is Bhutanese Ngultrum (BTN). This is why the alternative ticker name, ‘XBT’ is ...
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