Bitcoin is under the strictest supervision
bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system
bitcoin is not legal tender and has no legal tender status in any administrative jurisdiction. However, no matter what medium is used, bitcoin often has to bear the tax liability. In many different jurisdictions, there are a variety of laws and regulations on income generated by bitcoin, sales income, wages, capital gains, or some other form of tax liability
bitcoin is valuable because it is useful as a form of currency. Bitcoin has the mathematical characteristics of money (persistence, portability, interchangeability, scarcity, separability and identifiability) rather than relying on physical characteristics (such as gold and silver) or the trust of central authorities (such as fiat money). In short, bitcoin is backed by mathematics. With these characteristics, a form of money to have value requires trust and use. In contrast, this can be reflected in its growing base of users, businesses and start-ups. Like all currencies, the value of bitcoin comes directly from people who are willing to accept it as a means of payment, which is the only source
you can go to bitcoin house to check the latest New York State bill on the regulation of bitcoin.
however, it has not been fully and effectively regulated at present (as of March 6, 2019)
if we understand bitcoin as a kind of "currency", then it is equivalent to US dollars leaving the United States. Usually, after the US dollar leaves the United States, banks in other countries will help manage it. However, it is impossible to count the scattered us dollars that are neither in the United States nor in the hands of banks and other financial institutions. For example, in some areas of Africa where there are no banks, the US dollar is used
these scattered us dollars are equivalent to bitcoin
how to regulate these scattered us dollars
generally, in addition to controlling the issuance of US dollars, US dollar regulation also controls the circulation and usage ports. The Federal Reserve controls the number of new currencies issued each year according to the flow and damage of dollars abroad. At the same time, we should supervise the inflow and outflow of US dollars, so as to keep us dollars in an environment that can be roughly traced, so as to facilitate the issuers to count the total amount, so as to avoid excessive inflation or deflation
in fact, these scattered us dollars exist in some deregulated environments. Although they are out of control, they will not affect the overall economic situation
If anyone wants to influence the international economy through these scattered us dollars, then it must enter the existing regulatory system. In this way, these scattered dollars are regulated
for bitcoin, we can also learn from these forms of regulation
first of all, from the point of view of the issuing end, although the total number of bitcoin is now 21 million, it is also "set before" and cannot be changed
recently, it has been mentioned that the 21 million bitcoin limit should be abolished, which means that the issue of bitcoin is not stable. Therefore, it is necessary to control the issuance of bitcoin from the development end
you need to get inside the development side and become a core developer
Second, monitoring from the circulation link. In fact, this is the most difficult monitoring at present, because the blockchain is anonymous, the user is anonymous, and the receiver is anonymous
even though we can trace the circulation path of bitcoin by technical means (for example, we can know that a transaction is sent from a small house in the United States to a commercial building in Germany), it is only a drop in the bucket for tens of millions of users in the whole environment. How to trace and manage the overall transaction data is a huge problem
you can't know from the transaction data whether the user is engaged in illegal transactions
what should we do? Regulators have come up with a way to bind personal identity information to the user's real name, your exchange account number and bitcoin wallet address. But this is also a temporary solution, because it can only monitor the use of bitcoin in specific situations. An indivial can use multiple bitcoin wallet addresses. You don't know when he will apply for a new one
in terms of circulation, there is also a monitoring system to control the exchange channel between bitcoin and local legal currency. Banks in some regions do not provide financial services for users who exchange bitcoin for legal currency, and some countries and regions prohibit financial institutions from providing bitcoin and local legal currency exchange services
if users secretly exchange huge amounts of bitcoin, some clues can be found through the bank transfer records, so as to crack down on illegal acts in time. As for those who make little trouble, let him go
thirdly, restrict the use. This is relatively easy to achieve. For example, relevant laws have been issued to prohibit the use of bitcoin transactions. Although it's impossible to ban it completely, it's better than letting it run wild All over the world, it seems that what is forbidden is not completely forbidden
for example, before using bitcoin in public, you must use your real name, and you have to pay taxes to hold or use bitcoin
of course, it's OK for users not to do so, so it's better to use its assets in the dark
having said so much, now you know that bitcoin can be regulated, but it's not so well managed. Many measures have been taken, and it seems that they are not effectively regulated. Under what circumstances can bitcoin be effectively regulated? Users consciously report their holdings of bitcoin to the regulatory authorities. The regulatory authorities add some development functions to the bitcoin to achieve supervision, or they don't need to use it, so it doesn't matter at all
in fact, it can't be controlled so strictly, as long as it can't be controlled in the range of big waves. After all, there is light and dark, and there may be no gray space at all
new technology will surely have an advantage when it comes to living now.
According to the official announcement, digital assets and RMB recharge functions will be closed at 12 noon on September 27, and all trading functions will be closed at 12 noon on September 30. So far, bitcoin trading was officially sentenced to death
some people applaud the state's move to control bitcoin transactions, believing that this money laundering tool should have been closed long ago the invention of bitcoin in the United States disturbs the Chinese market. We should learn from Russia's ban on bitcoin. Although bitcoin makes money, it is not good for the development of the country because it is divorced from the real economy. Many young people are addicted to bitcoin and lose both money and people
however, at present, the state only restricts it, but it has not been completely banned. Big exchanges can not provide bitcoin exchange, so many of them go underground, making it more difficult to control
for young people, the state has banned trading, so it is too risky to re-enter the bitcoin market, so they should be cautious to intervene, and regret if they break the law
Recently, German Finance Minister Peter altemir and French finance minister Bruno lemer jointly held a press conference in Paris, saying that they will jointly promote the global supervision of the bitcoin at the G20 summit in Argentina this year, which will warn that the world's most popular cryptocurrency is being used by illegal groups
the regulation of bitcoin is likely to become a new topic of the G20 summit this year. Lemer has repeatedly said that he will propose to discuss the issue of bitcoin at the G20 summit. As for speculative risk, member countries need to discuss the regulation of bitcoin management together. US Treasury Secretary mu nuqin also said recently that he will work with the G20 to prevent cryptocurrencies such as bitcoin from becoming the digital equivalent of anonymous Swiss bank accounts
Experts suggest that the G20 and some international financial institutions should speed up the formulation of relevant principles and guidelines to provide cases and follow-up for countries to establish coordinated regulatory policies. At the same time, we should achieve global coordination in supervision to jointly crack down on illegal cryptocurrency transactions and crimesbitcoin is a decentralized and decentralized monetary system. From the government's point of view, it is not whether it should or not, but it must carry out supervision, and find out the beneficial part in its development process for traction
whether the private economy's acceptance of bitcoin is enough to form an irreversible trend depends on the game between the government and indivials in this process
if the existing monetary system brings more benefits to most nodes in the economic chain or to you, you will not choose the trading scenario of bitcoin from a personal point of view
for example, why do you use bitcoin: is it more convenient to pay? Is trading safer? Is it cheaper to buy a computer? Or for speculation
if most people who use bitcoin are speculative, it is morally reasonable for bitcoin to be regulated in the process of normal social and economic development.
The vice president of the people's Bank of China said in an interview that through this market fluctuation, we will study the regulatory rules of bitcoin. As we all know, the price of bitcoin has been rising rapidly, attracting the attention of countless investors, but it has been followed by a sharp decline of bitcoin. Because there is no way to regulate such a virtual currency, its capital flow has become a puzzle. This time, the people's Bank of China said in an interview that it would study such a virtual currency, which obviously sent a signal. So today, let's discuss the difficulties in the regulation of bitcoin{ Third, how do you view this interview
this interview not only expresses that we will carry out strict supervision over the special currency, but also expresses another attitude. That is, bitcoin, as an investment currency, has been included in the scope of compulsory regulation nationwide, even worldwide. At the same time, we also need to understand that although bitcoin has investment properties, it can not replace currency itself