That’s why some use the alternative ticker name “XBT”. So “BTC” conflicts with Bhutan’s currency which is BTN (Bhutanese Ngultrum). INR (Indian Rupee) – India (IN) and its national currency Rupee.JPY (Japanese Yen) – Japan (JP) and its national currency Yen.CNY (Chinese Yuan) – China (CN) and its national currency Yuan.CND (Canadian Dollar) – Canada (CN) and its national currency Dollar.
USD (United States Dollar) – United States (US) and its national currency Dollar.
#B&B SPORTS CARDS CODE#
The popular ticker name ‘BTC’ violates ISO 4217, and as according to this standard, it goes against the currency of Bhutan.Īccording to ISO 4217, which defines rules for national currencies and their nomenclatures and also non-government-backed assets such as Gold (XAU) and Silver (XAG), the first 2 letters of the 3 letter character should denote the country code and the last letter should denote the initial letter of the national currency. This application would request ISO 4217 standard to support XBT. Bhutan does not actually use the code BTC for any currency, and XBT has not yet defined which unit it represents (just that it represents some unit of bitcoin), so the Bitcoin community is likely to continue using mainly BTC as a unit name and currency code for some time.Ī formal application by the Financial Standards Working Group of the Bitcoin Foundation is nearing completion. The unit name BTC is also commonly used to represent one bitcoin, but it violates ISO 4217 because it begins with "BT", the country code of Bhutan. However, at the moment it is an unofficial code according to the ISO 4217 standard.
The ISO 4217 currency code for Bitcoin is XBT.
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