The central bank stops bitcoin foreign media

1. Germany
at the end of June 2013, after the German parliament decided that bitcoin would be tax-free if it was held for more than one year, bitcoin was recognized as a "unit of account" by the German Ministry of finance, which means that bitcoin has been regarded as a legal currency in Germany and can be used to pay taxes and engage in trade activities< In August 2013, judge Amos mazant of Texas District Court ruled in a case of bitcoin virtual hedge fund that bitcoin is a kind of currency and should be included in the scope of financial regulation
legal status
bitcoin can still be considered as legal at present. In the world, bitcoin can be regarded as a virtual commodity and protected by law; If bitcoin cannot be officially recognized as a kind of currency by law, it may bring inconvenience to the businesses and indivials who accept bitcoin in tax declaration, because the businesses who accept bitcoin will be regarded as barter transactions, and such transactions are more troublesome than ordinary transactions in tax declaration
at the same time, bitcoin, as a commodity highly similar to currency, needs to meet the demand of anti money laundering. Bitcoin needs to be included in the personal property declaration, banking anti money laundering system, anti insider trading, anti market manipulation and other systems in terms of transaction and possession. Bitcoin exchanges and storage institutions may also need government supervision and licensing. Some fast-growing bitcoin exchanges and payment service providers are actively exploring cooperation with regulatory agencies to bring bitcoin payment into the regulatory framework of anti money laundering and anti-terrorism financing by applying for licenses and actively communicating with regulatory authorities
in Europe, the European Central Bank published a report on "virtual currency architecture", and the French bitcoin trading platform obtained the PSP qualification. On December 6, 2012, the central bank wrote in the report: "this report is the first attempt to provide a basis for discussing the virtual currency system. While these systems may play an active role in financial innovation and in providing consumers with alternative means of payment, they also clearly create risks. " "Because of the small size of virtual currency systems, these risks do not affect anyone other than the users of these systems," the report added The report reviews the history of bitcoin and reviews its basic features, including currency and technical operation.

2. Because it is a kind of virtual currency and exists on the Internet, it has great risk, instability and uncertainty. Bitcoin is not issued by the central bank. It is a proct of the Internet.

3. At present, it is still too young and needs to be developed for some time (the technology is not mature and can not be widely used)
it's also a problem to be unable to control, otherwise there will be big problems (for example, the asset transfer of dog officials can't be traced.)

4. Australia
in October 2013, bitcoin Bank of Australia was attacked by hackers, with a loss value of more than US $1 million. This incident has aroused the concern of bitcoin security in Australia. The Reserve Bank of Australia and the Australian tax office have said they want a virtual currency tax like a business transfer tax
Bangladesh
the Central Bank of Bangladesh banned the use of virtual currency in September 2014. Using bitcoin will be punished by law
Brazil
Brazil is one of the few countries in the world that has enacted laws related to electronic currency payment systems. Brazil has not banned bitcoin
Bolivia
for regulatory reasons, the Central Bank of Bolivia (BCB) has banned the use of bitcoin. BCB believes cryptocurrency will help business entities evade taxes
Canada
bitcoin is not considered legal, that is, bitcoin is not recognized by Canadian law. Canada's tax authorities plan to implement the same tax plan as barter trade and speculative trading for the bitcoin
China
China is one of the few countries in the world that ban bitcoin completely and prohibit financial institutions and banks from dealing with bitcoin transactions. In December 2013, the people's Bank of China issued a notice calling bitcoin & quot; Virtual goods;, And prevent it from becoming money
trading has been suspended
Ecuador has banned bitcoin, but it has chosen to set up a new state-owned electronic currency and monetary system, and the currency will be protected by the assets of the Central Bank of Ecuador
EU
at present, the EU still has different views on the classification of bitcoin. In October 2012, the European Central Bank's report on virtual currency concerns the legality of bitcoin under the EU legal framework. The European Banking Regulatory Authority issued a bitcoin risk warning, saying that the use of bitcoin has not been restricted at present
Finland
Finland has relevant regulations for the use of virtual currencies such as bitcoin. The relevant regulations are issued by the Finnish tax authority Vero skatt. Any gains arising from bitcoin transactions will be subject to capital gains tax
Hong Kong
Hong Kong has no regulations for bitcoin or any other virtual currency. However, the government is closely monitoring the use of bitcoin to prohibit money laundering, fraud and other illegal activities
India
India does not explicitly stipulate or prohibit the use of bitcoin. However, the Reserve Bank of India (RBI), equivalent to the Central Bank of India, has been forced to shut down India's largest bitcoin trading platform after it issued a notice that the use of bitcoin could cause money laundering and security problems
Israel
the Israeli tax authority is considering levying income tax on bitcoin transactions. Israeli banks even blackmail bitcoin payments
Kyrgyz
Kyrgyz central bank has banned the use of digital currency and bitcoin for the reasons of lack of centralized management, high currency risk and legal problems
Russia
the Central Bank of Russia believes that bitcoin may be used for money laundering and terrorist financing. Therefore, the Russian government banned the use of bitcoin
Taiwan
Taiwan's financial supervision commission is concerned about the uncertainty and speculation of bitcoin, so Taiwan opposes the installation of bitcoin ATM
UK
at present, there are no relevant regulations for the bitcoin. Profits or losses from bitcoin transactions are subject to capital gains tax, while the purchase of bitcoin is still subject to VAT
the U.S.
the U.S. is probably the most supportive country for virtual currencies such as bitcoin. There are no final rules on bitcoin. However, there are also many new rules for the establishment of bitcoin management framework.

5. Generally, the total measurement of virtual memory is 1.5 times of physical memory, and the maximum and minimum values are the same (to avoid disk fragmentation)

6. Most of the time, the bitcoin market is as calm as water, and the sharp price fluctuations often occur in a very short period of time—— In fact, not only bitcoin, most of the trading objects in financial asset exchanges have similar characteristics. As the market value of bitcoin is still relatively small, its price is more vulnerable to external events. In terms of the two ups and downs this year, the price of bitcoin rose by 50% from July 1 to July 10 e to the halving of bitcoin mining output; As bitfinex, the largest bitcoin dollar exchange, was hacked and stolen 120000 bitcoins, bitcoin prices fell 25% in the next six days
if we look at the impact of external events on the price of the special currency in a longer period of time, the conclusion will be more clear. First of all, let's look at China: in December 2013, the people's Bank of China and other five ministries and commissions issued the notice on preventing the risk of bitcoin, saying that bitcoin is not a real currency, and bitcoin fell by 35% in one day; In October 2013, Taobao sellers began to accept bitcoin payment, the first online service to support bitcoin payment. Affected by the news, bitcoin rose nearly 10 times in the next two months
the rest of the story belongs to the foreign people: in February 2014, mtgox, the world's largest bitcoin exchange, was shut down, and the price of bitcoin plummeted by 50%; U.S. - in November 2013, the U.S. Department of justice, the Securities Regulatory Commission and the Federal Reserve all recognized bitcoin as a legal financial instrument, and bitcoin rose 20% on the same day; Europe – in April 2013, Cyprus was hit by the financial crisis, and bank depositors were facing serious losses. Bitcoin rose 130% in that month
the above shows that bitcoin is a very event driven investment proct.

7. There are no legal documents or regulations to ban bitcoin in China
on December 5 last year, the central bank and other five ministries and commissions issued a notice on the risk of bitcoin, which defined bitcoin as a special Internet commodity and denied its monetary attribute. However, people can buy and sell bitcoin freely at their own risk. Most of the major countries in the world also take a cautious attitude towards bitcoin, but most countries define bitcoin as an asset.

8. It's just a rumor. As early as the end of 2013, the central bank has clearly defined bitcoin as a special Internet commodity, denying its monetary attribute. People can buy and sell bitcoin freely at their own risk. Central bank governor Zhou Xiaochuan even compares bitcoin to a tradable asset like a stamp. That is to say, bitcoin is completely legal in China. The outflow of funds has little to do with the legal status of bitcoin, which has much to do with the attitude of the Chinese government and people's expectations of bitcoin.