Bitcoin license
Publish: 2021-04-02 18:44:53
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.
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. At present, the blockchain digital currency exchange has three kinds of licenses most applied for in the market: MSB license in the United States, MTR double license in Estonia and austrac license in Australia
MSB license in the United States is a license with a wide range of supervision. It is aimed at engaging in money service business and companies in the United States, including digital currency, virtual currency transactions, ICO issuance, foreign exchange, foreign exchange and so on. Relevant business companies must apply for MSB license to operate in compliance. The license plate is characterized by high reputation, high gold content, independent recognition by investors and exchanges, and low cost compared with other digital currency licenses. Processing: provide a director information (ID card) + provide a company name (need to help you register an American company first)
Estonian MTR virtual currency trading license includes two licenses: virtual currency trading license service and wallet trading service license. Characteristics of the license: the first digital currency license issued by the state is very friendly to the blockchain, the relative policy bill and so on, and the reputation is very high. Although the cost is higher than that of the US MSB license, it is actually very low. Handling: the first way: provide a director's information (ID card) + provide a company name (need to help you register an Estonian company first) + director's no criminal record certificate (need to be notarized) + capital verification account 12000 Euro + local actual office and office staff. The second way: provide a company name, other all inclusive
digital currency traders in Australia need to apply for austrac. If the company providing digital currency transactions does not apply for such a license, it may lead to two years' imprisonment or a fine of aud105000. Australia austrac license features: its business scope can reflect the digital currency words, famous, high gold content, the cost is relatively low. Processing: provide a director's information (ID card) + provide a company name (need to help you register an Australian company first) + director's no criminal record certificate
in fact, the above three licenses are the three most popular digital currency licenses at present, and they all have one thing in common, with high reputation, high gold content and low cost, These three kinds of licenses are not only recognized by customers and investors, but also the three kinds of licenses that the trading platform competes to handle.
MSB license in the United States is a license with a wide range of supervision. It is aimed at engaging in money service business and companies in the United States, including digital currency, virtual currency transactions, ICO issuance, foreign exchange, foreign exchange and so on. Relevant business companies must apply for MSB license to operate in compliance. The license plate is characterized by high reputation, high gold content, independent recognition by investors and exchanges, and low cost compared with other digital currency licenses. Processing: provide a director information (ID card) + provide a company name (need to help you register an American company first)
Estonian MTR virtual currency trading license includes two licenses: virtual currency trading license service and wallet trading service license. Characteristics of the license: the first digital currency license issued by the state is very friendly to the blockchain, the relative policy bill and so on, and the reputation is very high. Although the cost is higher than that of the US MSB license, it is actually very low. Handling: the first way: provide a director's information (ID card) + provide a company name (need to help you register an Estonian company first) + director's no criminal record certificate (need to be notarized) + capital verification account 12000 Euro + local actual office and office staff. The second way: provide a company name, other all inclusive
digital currency traders in Australia need to apply for austrac. If the company providing digital currency transactions does not apply for such a license, it may lead to two years' imprisonment or a fine of aud105000. Australia austrac license features: its business scope can reflect the digital currency words, famous, high gold content, the cost is relatively low. Processing: provide a director's information (ID card) + provide a company name (need to help you register an Australian company first) + director's no criminal record certificate
in fact, the above three licenses are the three most popular digital currency licenses at present, and they all have one thing in common, with high reputation, high gold content and low cost, These three kinds of licenses are not only recognized by customers and investors, but also the three kinds of licenses that the trading platform competes to handle.
3. Virtual currency is not licensed in China. The birth of virtual currency is not controlled by any country, any government and any financial institution! It has nothing to do with whether it's legal or not, whether it's spread or not! In many countries, even judges and lawyers do not know what he is! He has long been recognized in the global circulation! How does the law manage him? You don't even have time to know it! It works! The host of China TV news channel, when reporting bitcoin! She said it was the first time I heard of this new type of thing today! He has been circulating in the world for six years
in the people's Republic of China, the five ministries and commissions of the CPC Central Committee jointly issued a document on December 5, 2013, saying that the people have the freedom to participate in Internet Finance on the premise of taking their own risks. The risk prevention notice of the five ministries and commissions of the central government is that for Internet virtual currency, the public has the freedom to participate on the premise of risk bearing. This law works better than a business license, but at your own risk. This is the instruction of the Party Central Committee. Listen to the party, follow the party and make our fortune! At the Boao Forum for Asia held in April this year, Zhou Xiaochuan, governor of the central bank, said that since digital currency is not the currency initiated and approved by the central bank, it is impossible to ban it. Digital currency belongs to digital assets, which can be freely traded between indivials. Therefore, digital currency is not MLM, not capital disk, but a kind of financial investment. Let me talk about the bonus system of BBT. There are two kinds of income of BBT:
one and 160; Static income
&&# 160;&# 160;&# 160;&# 160; A mint of 800 yuan has a daily capacity of 8 gold coins,
65% of which is 5.2 gold coins, which can be sold and cashed into RMB when accumulated to 100,
the other 35% is 2.8 gold seeds. When accumulated to 800, the system will automatically buy a New Mint and take 8 more gold coins every day< br /> &# 160;&# 160;&# 160;&# 160;&# 160; Each Mint has a total of 1600 gold coins. After proction, the mint stops proction, 1040 of which can be converted into gold coins and 560 into gold seeds
you can choose to convert 100 gold coins into cash to recover the cost first
of course, there are still people who do not cash at the beginning, but adopt the re investment<
the second income of BBT is dynamic income
the first prize, &; It's a performance award
every person recommended gets 100 gold coins, which is paid in seconds
the second prize; It's a double area arrangement of money picking prizes, with 100 gold coins in the two layers,
b from top to bottom and from left to right (6 points) occupied, the system will automatically enter the next cycle,
C each cycle prize is 600 gold coins, infinite cycle
as shown in the figure,
as long as you are at the highest position, you can pick up money no matter whether the six positions below you are members recommended by you or not, which is the money picking prize
similarly, members in position 1 can pick up money in positions 3 and 4, which may not be members recommended by position 1
similarly, members in position 2 can pick up money in positions 5 and 6, The members of positions 5 and 6 who pick up money are not necessarily the members recommended by 2.
picking up money is an infinite cycle, and when they reach 6, they can automatically enter the next cycle, and when they enter the next cycle, they can also have the opportunity to pick up money
the third is the leadership award&# 160;&# 160; Take 10% of the daily proction capacity of generation 1-10
&; Leadership Bonus, which is the most important part of the bonus. Leadership bonus can take 10% of all proction capacity within 10 generations per day, every day. Moreover, with the increase of the number of mints in your team as a whole, leadership bonus will continue to rise. It should be noted that one person is recommended to take one generation, two people are recommended to take two generations, and so on. Although the depth is limited, but the width is unlimited! The highest leadership award is 10000 per day< br /> &# 160; If the member you recommend invests 800, he will get 8 gold coins every day, and you can get 10% of his daily proction capacity, that is, 0.8 gold coins. Although 0.8 gold coins are few, the power of compound interest multiplication is amazing
suppose you directly recommend 10 members, all of which belong to your first generation,
these 10 members recommend 10 more, 10 * 10 is 100, and these 100 members are your second generation,
then each of these 100 people recommends 10 members respectively, and 100 * 10 is 1000, and these 1000 members are your third generation,
&; Then you have 1110 members in the first three generations; According to the most basic investment of 800 yuan per person to buy a mint,
&; Then the leadership award you get every day is: 0.8 * 1110 = 888,
& 160; Is it a pleasure to earn 888 gold coins every day< br /> &# 160;&# 160;&# 160;&# 160;
moreover, the leader's bonus can be obtained for 10 generations in a row, for example
in the people's Republic of China, the five ministries and commissions of the CPC Central Committee jointly issued a document on December 5, 2013, saying that the people have the freedom to participate in Internet Finance on the premise of taking their own risks. The risk prevention notice of the five ministries and commissions of the central government is that for Internet virtual currency, the public has the freedom to participate on the premise of risk bearing. This law works better than a business license, but at your own risk. This is the instruction of the Party Central Committee. Listen to the party, follow the party and make our fortune! At the Boao Forum for Asia held in April this year, Zhou Xiaochuan, governor of the central bank, said that since digital currency is not the currency initiated and approved by the central bank, it is impossible to ban it. Digital currency belongs to digital assets, which can be freely traded between indivials. Therefore, digital currency is not MLM, not capital disk, but a kind of financial investment. Let me talk about the bonus system of BBT. There are two kinds of income of BBT:
one and 160; Static income
&&# 160;&# 160;&# 160;&# 160; A mint of 800 yuan has a daily capacity of 8 gold coins,
65% of which is 5.2 gold coins, which can be sold and cashed into RMB when accumulated to 100,
the other 35% is 2.8 gold seeds. When accumulated to 800, the system will automatically buy a New Mint and take 8 more gold coins every day< br /> &# 160;&# 160;&# 160;&# 160;&# 160; Each Mint has a total of 1600 gold coins. After proction, the mint stops proction, 1040 of which can be converted into gold coins and 560 into gold seeds
you can choose to convert 100 gold coins into cash to recover the cost first
of course, there are still people who do not cash at the beginning, but adopt the re investment<
the second income of BBT is dynamic income
the first prize, &; It's a performance award
every person recommended gets 100 gold coins, which is paid in seconds
the second prize; It's a double area arrangement of money picking prizes, with 100 gold coins in the two layers,
b from top to bottom and from left to right (6 points) occupied, the system will automatically enter the next cycle,
C each cycle prize is 600 gold coins, infinite cycle
as shown in the figure,
as long as you are at the highest position, you can pick up money no matter whether the six positions below you are members recommended by you or not, which is the money picking prize
similarly, members in position 1 can pick up money in positions 3 and 4, which may not be members recommended by position 1
similarly, members in position 2 can pick up money in positions 5 and 6, The members of positions 5 and 6 who pick up money are not necessarily the members recommended by 2.
picking up money is an infinite cycle, and when they reach 6, they can automatically enter the next cycle, and when they enter the next cycle, they can also have the opportunity to pick up money
the third is the leadership award&# 160;&# 160; Take 10% of the daily proction capacity of generation 1-10
&; Leadership Bonus, which is the most important part of the bonus. Leadership bonus can take 10% of all proction capacity within 10 generations per day, every day. Moreover, with the increase of the number of mints in your team as a whole, leadership bonus will continue to rise. It should be noted that one person is recommended to take one generation, two people are recommended to take two generations, and so on. Although the depth is limited, but the width is unlimited! The highest leadership award is 10000 per day< br /> &# 160; If the member you recommend invests 800, he will get 8 gold coins every day, and you can get 10% of his daily proction capacity, that is, 0.8 gold coins. Although 0.8 gold coins are few, the power of compound interest multiplication is amazing
suppose you directly recommend 10 members, all of which belong to your first generation,
these 10 members recommend 10 more, 10 * 10 is 100, and these 100 members are your second generation,
then each of these 100 people recommends 10 members respectively, and 100 * 10 is 1000, and these 1000 members are your third generation,
&; Then you have 1110 members in the first three generations; According to the most basic investment of 800 yuan per person to buy a mint,
&; Then the leadership award you get every day is: 0.8 * 1110 = 888,
& 160; Is it a pleasure to earn 888 gold coins every day< br /> &# 160;&# 160;&# 160;&# 160;
moreover, the leader's bonus can be obtained for 10 generations in a row, for example
4.
The use of digital currency license: 1. Packaging platform, good publicity 2. Developing OTC legal currency business of exchange currency trading and contract futures 3. Platform compliance, risk aversion
the commonly used licenses are: MSB of the United States, Estonia (al license digital currency trading license and wallet license), MSB of Canada, Australia, caymann, Singapore, Malaysia, Saint Vincent Philippines, etc
the license of each country should be applied by the local company, or the company can be registered before applying for the license. It can also register with the Singapore foundation, and lawyers can issue legal opinions on the project white paper
5. Hello, I'm glad to answer this question
there are many kinds of license plates;, Today, we will introce in detail which digital currency licenses we have won the most.
the license is equivalent to a business license. In particular, after Huoyuan won the Japanese license, the US license and the Canadian license successively, the license has been pushed to a new height. Obtaining the US MSB license also means that the company can reasonably conct business in most states of the United States. This is the reason why the major exchanges have started to apply for licenses. If they want to carry out business formally and legally, they have to apply for licenses. For the exchange, the license can not only increase the trust of customers and enhance their visibility, but also make the exchange develop better and faster in compliance< br /> <
first place: US MSB
influence:
compliance:
difficulty of application:
if you want to legally carry out digital currency business in the US, you must obtain US MSB license! Fire coin, coin an, OK, Matcha and other first and second tier exchanges all got MSB, and its gold content is self-evident
second place: Singapore foundation + legal compliance opinion
influence:
compliance:
difficulty of application:
a complete Singapore compliance system is also the best choice for many project parties and exchanges
third place: Estonian MTR
influence:
compliance:
application difficulty:
Estonian is double license, digital currency license + Wallet license, so why is it ranked fourth? Because its policies change from time to time, it will be more difficult to apply at that time. The legal person will probably be spot checked and interviewed in the local area, and there are a lot of preliminary materials to be prepared. However, if you break through many obstacles and finally get the Estonian license, you will feel that everything is worth it
fourth place: MAS in Singapore
influence:
compliance:
difficulty of application:
there is no doubt that MAS license in Singapore is one of the most valuable licenses at present, but its application threshold is high and the licensing time is very long, It makes many exchanges flinch...
fifth place: austrac of Australia
influence:
compliance:
difficulty of application:
austrac has been on the sidelines because of the difficulty of application and high cost. Recently, Australia's license application policy will be relaxed. More exchanges will choose Australia's digital currency license, and the ranking will graally rise
Introction to MSB in the United States
Introction to MTR in Estonia
Introction to Singapore foundation
&< br />
there are many kinds of license plates;, Today, we will introce in detail which digital currency licenses we have won the most.
the license is equivalent to a business license. In particular, after Huoyuan won the Japanese license, the US license and the Canadian license successively, the license has been pushed to a new height. Obtaining the US MSB license also means that the company can reasonably conct business in most states of the United States. This is the reason why the major exchanges have started to apply for licenses. If they want to carry out business formally and legally, they have to apply for licenses. For the exchange, the license can not only increase the trust of customers and enhance their visibility, but also make the exchange develop better and faster in compliance< br /> <
first place: US MSB
influence:
compliance:
difficulty of application:
if you want to legally carry out digital currency business in the US, you must obtain US MSB license! Fire coin, coin an, OK, Matcha and other first and second tier exchanges all got MSB, and its gold content is self-evident
second place: Singapore foundation + legal compliance opinion
influence:
compliance:
difficulty of application:
a complete Singapore compliance system is also the best choice for many project parties and exchanges
third place: Estonian MTR
influence:
compliance:
application difficulty:
Estonian is double license, digital currency license + Wallet license, so why is it ranked fourth? Because its policies change from time to time, it will be more difficult to apply at that time. The legal person will probably be spot checked and interviewed in the local area, and there are a lot of preliminary materials to be prepared. However, if you break through many obstacles and finally get the Estonian license, you will feel that everything is worth it
fourth place: MAS in Singapore
influence:
compliance:
difficulty of application:
there is no doubt that MAS license in Singapore is one of the most valuable licenses at present, but its application threshold is high and the licensing time is very long, It makes many exchanges flinch...
fifth place: austrac of Australia
influence:
compliance:
difficulty of application:
austrac has been on the sidelines because of the difficulty of application and high cost. Recently, Australia's license application policy will be relaxed. More exchanges will choose Australia's digital currency license, and the ranking will graally rise
Introction to MSB in the United States
Introction to MTR in Estonia
Introction to Singapore foundation
&< br />
6.
Bitcoin is illegal in China
since September 4, 2017, China has expressed its opposition to the virtual currency exchange. On the market, large-scale exchanges are graally fading out of the domestic market. Some of them are going to Japan and some of them are going to Nanyang. Of course, with the release of new regulations in Hong Kong in early November, we believe that in the future, the virtual currency exchange may obtain a legal license in Hong Kong to serve local institutional investors
extended information:
bitcoin China said that the platform will stop withdrawing cash. So far, bitcoin China has closed all transaction functions. The other two bitcoin trading platforms in China, huocoin.com and okcoin, have also stopped trading all digital assets against RMB
the virtual currency represented by bitcoin has soared, attracting a large number of ordinary people without any technology and investment knowledge to enter this high-risk market
the central bank, together with many ministries and commissions, issued the announcement on preventing the financing risks of token issuance (hereinafter referred to as the announcement), which pointed out that no organization or indivial may engage in the financing activities of token issuance illegally According to the announcement, all kinds of token issuance and financing activities should be stopped immediately from the date of issue
the organizations and indivials that have completed the token issuance financing should make arrangements such as liquidation, reasonably protect the rights and interests of investors, and properly handle the risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects
the China Internet Finance Association issued the "tips on preventing the risks of bitcoin and other so-called" virtual currency ", pointing out that bitcoin trading platform is a tool for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal criminal activities e to the expanding number of stakeholders and strong speculative atmosphere; There is no legal basis for the establishment of various so-called "currency" trading platforms in China
7. Bitcoin is a kind of tulip instry, which is supported by a group of people with faith. The daily rise and fall of bitcoin is 30%, which is extremely risky. In finance, most of the procts rise and fall about 0.2% to 1% every day. There is no investment with greater risk. It is recommended not to touch it
8. At present, only the state of New York in the United States requires companies operating digital currency to apply for a license. Other regions do not have such a requirement. There is no need to apply for a license to operate e-money business in China. Most of the enterprises applying for licenses in New York state are international well-known enterprises
in China, the platforms and currencies that claim to have been licensed are mostly MLM currencies. Domestic well-known digital currencies include bitcoin, Leyte coin, Ethereum, Ruitai coin and so on.
in China, the platforms and currencies that claim to have been licensed are mostly MLM currencies. Domestic well-known digital currencies include bitcoin, Leyte coin, Ethereum, Ruitai coin and so on.
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