Bitcoin for foreign remittance
Analysis of foreign bitcoin mentioning China:
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domestic exchanges are unable to withdraw bitcoin at present, so they need to have bitcoin outside the domestic exchanges, and then register an account in the foreign exchanges that support withdrawal of corresponding legal currency, they will get a bitcoin Wallet allocated by the exchanges, and then recharge the bitcoin
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the most important thing is to need a corresponding foreign bank account to withdraw legal money. If the person is not abroad, it is more difficult, or it is easier to have trusted relatives and friends abroad to help. In fact, this is a channel for foreign exchange exchange. Therefore, the freezing of currency withdrawal in domestic exchanges is far away. Even if it is liberalized, it will be quite troublesome. There will certainly be very strict KYC policies and limits
Remit money by drawing a draft
according to the requirements of the remitter, let the bank draw a bank draft to be paid by the bank in the receiving place, and the payee will present the draft to the bank in the receiving place abroad for payment, or entrust the opening bank to collect the money on his behalf
a handling fee of 1 ‰ of the remittance amount is charged for the bill exchange, and if it is in cash, the fee of cash discount exchange is also charged. Compared with ordinary remittance, it saves a sum of postal and telecommunication expenses
bitcoin does not rely on a specific monetary institution. It is generated by a large number of calculations according to a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, And the use of cryptography design to ensure the security of all aspects of money circulation
the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner
compared with fiat money, bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes, and can circulate all over the world. It can be bought and sold on any computer connected to the Internet, and in the transaction process, Chinese and foreign people cannot identify the user's identity information< br />
On March 12, bitcoin rallied and its price rose to $58139 , close to the record high set in February
according to assetdash's prediction, the market value of bitcoin may soon exceed that of alphabet, the parent company of Google, or even the money supply of won. However, bitcoin suddenly collapsed that night, spilling more than $3000 in two hours, which stunned many investors. "Safe haven assets" have become "high-risk" assets
Du Jun, co-founder of fire currency, said that although the recent rise in currency price has boosted market confidence and the instry is generally optimistic, it can not be ignored that the US inflation index CPI is in line with expectations, and the rise of the three major indexes of the US stock market also has an impact on the mood of the virtual money market. The recent rise of bitcoin has something to do with the massive purchase of bitcoin by many traditional companies
extended information:
a well-known trading platform was investigated
the collapse of bitcoin on the evening of 12 may be related to the news that a well-known trading platform was investigated
on the evening of March 12, some media reported that the US Commodity Futures Trading Commission (CFTC) was investigating the virtual currency trading platform coin an, and the investigation content was whether the company allowed us residents to trade its regulated derivatives illegally
according to people familiar with the matter, coin an is not registered with CFTC. But coin an has not been charged with misconct and the investigation may not lead to any enforcement action. The CFTC regards virtual currencies such as bitcoin and Ethernet as commodities and has jurisdiction over its futures and other derivatives. This means that if Americans trade on the virtual currency platform, no matter where the exchange is located, the platform will face strict customer protection and regulatory requirements
a person close to the trading platform told China Securities News that coin an had no major accident and strictly abided by the rules. At present, it is only under investigation
according to some people in the encryption instry, the investigation shows that the US regulatory authorities may prevent virtual currency investment from becoming the mainstream investment mode in the United States, and are stepping up the crackdown on virtual currency violations
the platform buys bitcoin, binds overseas accounts overseas and sells them
however, for large-scale purchase of bitcoin, the platform may need to provide ID card and other information. If you don't want to cause trouble, it is recommended to buy bitcoin in batches for many times and finally sell it overseas.