Why bitcoin trade in China

Publish: 2021-05-08 13:57:30

The remitter will pay bitcoin directly to the other party according to the address of the payee through the computer or smart phone

after the transaction data of bitcoin is packaged into a "data block" or "block", the transaction is initially confirmed. When a block is linked to a previous block, the transaction is further confirmed. After six block confirmations in a row, the transaction was irreversibly confirmed

the bitcoin peer-to-peer network stores all transaction history in the "blockchain". The blockchain continues to extend, and once new blocks are added to the blockchain, they will not be removed. In fact, blockchain is a distributed database composed of a group of scattered client nodes and all participants, which is a record of all bitcoin transaction history

extended data

users can buy bitcoin, and at the same time, they can "mine" bitcoin by using computers to perform a large number of calculations according to the algorithm. When users "mine" bitcoin, they need to use the computer to search for 64 bit numbers, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, then they will get 25 bitcoins

from 2012 to 2014, bitcoin swept the world, and graally formed the "virtual currency" instry chain represented by bitcoin. This is a change in the financial instry and a new proct of the combination of the financial instry and the Internet. It represents a financial milestone in the new era and marks a new chapter in the history of the Internet. Bitcoin fund is one of the derivative procts represented by bitcoin in the era of "virtual currency"

according to the relevant news reports of Fuhui China, bitcoin fund will be open for operation in the autumn of 2014. Fuhui bitcoin fund, as the world's first operation mode of mutual benefit and win-win with financial management mode, is original and full of temptation and challenge

2. First, bitcoin is not issued by the monetary authority. It does not have the monetary attributes of legal compensation and compulsion. It is not a real currency. Here, we have to compare the properties of bitcoin and currency. Take bitcoin as an example, it belongs to a virtual asset of the network, and there is no specific issuing institution, while bitcoin is calculated by network nodes. In contrast, money is a commodity separated from commodities and fixed as a general equivalent. As a result, bitcoin cannot replace traditional currency. Today, management has made it clear that bitcoin is not a real currency, that is, it denies the currency status of bitcoin. Second, bitcoin websites should earnestly fulfill the legal anti money laundering obligations such as customer identification and suspicious transaction reporting, and effectively prevent the money laundering risks related to bitcoin. As a virtual asset of network, bitcoin has an unpredictable regulatory risk. Due to the anonymity and decentralization of the ownership and circulation of bitcoin, it is difficult to guess the regulatory risk of bitcoin. With the significant improvement of bitcoin's global influence, it has graally become a place for some criminals to commit money laundering and other violations. Undeniably, this also provides an effective way to deal with the regulatory loopholes of bitcoin. Third, all financial institutions and Payment institutions are not allowed to carry out business related to bitcoin, price procts or services with bitcoin, buy or sell bitcoin or act as central counterparties. In essence, the management prevents a series of unpredictable problems by blocking the bitcoin related business of financial institutions. Of course, this move is to a greater extent considered from the perspective of national strategy.

3. It is easy to understand that the main reason is that the negative impact on China's economy and society is unforgivable. First of all, these computer geniuses have a good desire to create algorithmic digital currency, but because it has no value base, the consideration of bitcoin is dominated by underground economy from the beginning, and then it becomes a tool for speculation. Secondly, every surge of bitcoin is related to Chinese speculators, which is basically the result of domestic speculation and malicious speculation. This kind of malicious speculation not only has a serious impact on China's financial market, but also creates conditions for many illegal funds to flee. Third, bitcoin and other algorithmic currencies have never served the real economy in China, and have promoted the development of the real economy. On the contrary, let the funds serving the real economy flow into the market for speculation, which has a serious crowding out effect on the real economy. Fourth, under the above circumstances, bitcoin and other so-called "algorithmic digital currencies" will surely become increasingly tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities, and the responsible government must absolutely own this market.

Bitcoin has become the most popular cryptocurrency in the world. Some countries allow the transaction of bitcoin, but some countries prohibit it. China belongs to the latter. Why does China shut down bitcoin trading? Let's analyze this problem today

bitcoin does not have the function of trading medium in China, so it can not be called currency. At the same time, bitcoin has the function of storing value and has certain investment value. However, the rapid rise of the current price has formed speculative anticipation and may form a bubble in the future. Therefore, it is necessary to take measures ahead of time, which can also restrain some illegal acts of laundering money and transferring assets through bitcoin. p>

In the notice on prevention of bitcoin risks jointly issued by the people's Bank of China and other fifth ministries and commissions, financial institutions are prohibited to intervene in bitcoin, but at the same time, it holds that "bitcoin is a specific virtual commodity, does not have the same legal status as currency, and cannot and should not be used as currency in the market. However, bitcoin trading as a commodity trading behavior on the Internet, ordinary people have the freedom to participate at their own risk. "

according to the relevant national laws and regulations, buying and selling bitcoin is legal.

according to the statement of the five ministries and commissions, bitcoin is a commodity and is legal

so generally speaking, bitcoin can be traded publicly, but it needs to be traded on the corresponding exchange. However, the trading platform is centralized. There is only one article about the Chinese government's policy on bitcoin. Please refer to the website link

We will pay close attention to the instry value points, constantly screen, refine and optimize, and provide the most needed, useful and important content for community players Fenghuolun blockchain

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it's time for all instries to write their year-end summary again, but the year-end summary of the currency circle may be as follows:

< img SRC =" //www.yuanxue365.com/en/img_7e3e6709c93d70cfa01c86c5f3dcd100bba12b17 ">

to be honest, when bit30000 soft coins, Xiaobian has already felt beyond imagination, not to mention now the price is not dare to see. As soon as the price comes up, although the dispute is still very big, more and more people pay attention to it. For example, the following question on Zhihu has been followed by more than 1000 people and browsed more than 500000 times

What do you think of this question? When and how did you know about bitcoin

there are all kinds of discussions at the bottom of this post. Although a good study and work does not affect the holding of bitcoin, Xiaobian, from his own point of view, did not know bitcoin at that time because he did not do his job properly

however, this question may also be a false proposition, such as the following answer:

< img Src=“ //www.yuanxue365.com/en/img_faf2b2119313b07e881d7cc007d7912396dd8c51 ">

it would be nice if the" poor people "who used to get twice as much. Unless they really inlge in work and forget it, there are too few people who can insist on getting the present, And the person who can really get the present, maybe he is not short of money, otherwise he will exchange bitcoin for other things for various reasons

do your relatives and friends know about bitcoin? Do you have any friends who have taken it for several years

however, this post may have overlooked one thing, that is, it may be easier to rely on counterfeit money for financial freedom. About a year and a half ago, bit3000 was about 40 times as much as now. However, at that time, the number two Wright was just over 20, which has increased by 70 or 80 times. What's more, such as quantum chain, crowdfunding in March this year has increased 170 times

who do you want to argue with

so it's true that every time the market is good, all kinds of crowdfunding will be crazy, and new projects will always give people a lot of imagination

a lot of big currencies like bitether, including the top currencies in market value, have experienced the test and precipitation of time; And new or small currencies, although they have strong explosive power, have a strong speculative atmosphere. When the tide goes down, you can see who is swimming naked. This is also the reason why many old players stay in the mainstream currency

recently, the mad cow is on the way, and each group is quite busy, but Xiaobian is still here to remind you, pay more attention to risks, eat and sleep on time, and hope that everyone can go to the peak of life

so do you think it would be better to hold bitcoin or counterfeit coins? Or what do you think of those who rely on bitcoin for financial freedom? Welcome to leave a message below~

Legal

8. The existing virtual currency is actually bitcoin, which gives people the opportunity to transfer money out of China and trade with international businesses and customers. For some students studying abroad, it's convenient to use bitcoin. It's very convenient to transfer bitcoin to or from abroad. Compared with the cumbersome examination and approval of banks, they prefer to use bitcoin platform, such as haobtc, okcoin and BTCC, which are relatively large bitcoin platforms in China. The above transactions are very convenient.

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Why bitcoin trade in China

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