Is the btc100 exchange legal
It's illegal
the central bank indicated that it has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency
In addition, the so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud
extended information:
virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. This kind of virtual currency is mainly limited to circulation in a specific virtual environment. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency
in 2013, the central bank, together with five ministries and commissions, issued the notice on prevention of bitcoin risks, which clearly defined non legal digital currencies such as bitcoin as virtual commodities, which do not exist in the form of currency and legal currency
Unfortunately, bitcoin is no longer tradable in mainland China. Bitcoin China announced that it will stop all trading business on September 30, 2017
development information:
after bitcoin China and microbit, the bitcoin trading platforms in Shanghai and Shenzhen, respectively announced that they would close their trading business on September 30, 2017, on the evening of September 15, two other large domestic bitcoin trading platforms, Huo coin.com and okcoin.com, headquartered in Beijing, announced that they would suspend their registration from 21:30 on September 15, 2017 RMB recharge business; All users will be informed before September 30 that they are about to stop trading, and the trading business of all digital assets against RMB will be graally stopped before October 31
according to worldcoindex data, since September 1, bitcoin has dropped from $4800 to $3655, a drop of 24%, and its market value has shrunk by nearly $20 billion
in the same period, the decline of ether currency and Wright currency was 37.5% and 31% respectively. Over the past two weeks, Leyte currency has declined by more than 40% on the three major domestic trading platforms
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>
Bitcoin is a commodity. It's legal to trade
bitcoin does not rely on specific currency institutions to issue, it is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
extended information:
trading rules of bit trading platform:
1. Trading time: 7 * 24 hours, no closing all year round
2. Account opening: the account opening process is simple. You only need to register with niubitnet to complete the real name authentication to recharge RMB, and at least recharge RMB 100 to start the transaction
3. Transaction fee: 0.2% for each transaction4. T + 0 trading mechanism: the stock is t + 1 trading, that is, the stock can be bought on the same day and sold on the next trading day. Bitcoin and other digital assets are t + 0 transactions, which can be bought on the same day and sold on the same day. And there is no limit on the number of transactions
5. No limit on the rise and fall: there is a limit on the rise and fall of stocks, while there is no limit on the rise and fall of bitcoin and other digital assets. For example, bitcoin rose more than 20% in a single day on May 28
6. Trading unit: the minimum number of BTCs that can be bought / sold is 0.001 (about 17 yuan), and there is no restriction on buying / selling at least one hand (100 shares)
There is no time limit for cash withdrawal: cash withdrawal at any time, high liquidity The basic principle of transaction is "price first, time first" When the order price is the same, the order with earlier registration time is better than the order with later registration time