Bitcoin belongs to China

1. bitcoin, which does not belong to any country, was originally a kind of network virtual currency. On November 1, 2008, a person who called himself Satoshi Nakamoto posted a research statement on a secret cryptography review group, stating his new idea of electronic currency bitcoin came out, and the first transaction of bitcoin was completed. Bitcoin (bitcoin: bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press

2.

although bitcoin still has great risks, after years of development, with the increase of its application population, application scenarios and application technology, no country or organization can completely eliminate it. If you can figure it out, it is likely that countries will generally accept bitcoin and embrace it

according to my personal judgment, bitcoin, after a period of continuous development, is likely to become a world currency in the future, which can play the role of electronic gold and become the target of the value of other sovereign currencies. From this perspective, bitcoin can be used as a means of asset preservation in the future when inflation is inevitable

3. The definition of bitcoin in Chinese law:
according to the regulations on the administration of RMB, the proction and sale of token tickets are prohibited. Because there is no clear judicial interpretation of the definition of token ticket, if bitcoin is included in the "token ticket", the legal prospect of bitcoin in China will face uncertainty< On June 4, 2009, the notice of the Ministry of culture and the Ministry of Commerce on strengthening the management of virtual currency in online games (Wen Shi Fa [2009] No. 20) stated that the scope of application of virtual currency in online games was defined for the first time, and a distinction was made between the current virtual currency in online games and the virtual props in games; At the same time, the notice said that the "notice" stipulates that enterprises engaged in related services must be approved before they can operate
in China, some Taobao stores have begun to accept the use of bitcoin, and the number of businesses will graally increase
in October 2013, the first bitcoin quarterly, one bit, was released
on October 15, 2013, the network accelerator service of the network announced its support for bitcoin
on October 26, 2013, btcmini reported that GBL was hacked
on October 31, 2013, Lei Teng, a famous Internet lawyer, proposed the event of "filing a case to investigate the closure of GBL bitcoin trading platform as soon as possible", analyzed the "value function" and "use function" of bitcoin, and bitcoin should be governed by relevant laws.

4. BTCC is a domestic trading platform and the earliest bitcoin trading platform in China. BTCC has its own mine and won't create bitcoin. The exchange is legal in China
bitcoin, like Ruitai, Laite and dogcoin, is a digital currency, which is legal in China.

5. Proof of work. Block creation protocol, miners need to use their own computing power to try to create blocks. Once miners find a block, they will issue a short and fast verifiable proof that they have completed the work as a valid proof of the block. For example, bitcoin miners repeat hash block headers with different nonce values in the header until the output has enough zeros at the beginning of the hash output.

6. Bitcoin has always been legal. There is only one kind of bitcoin, and the trading platform is haobtc.