How does bitcoin evade regulation
the notice defines the nature of bitcoin, and holds that bitcoin is not issued by the monetary authority, has no monetary attributes such as legal compensation and compulsion, and is not a real currency. In terms of nature, bitcoin is a specific virtual commodity, which does not have the same legal status as currency and cannot and should not be used as currency in the market. However, bitcoin trading as a commodity trading behavior on the Internet, ordinary people have the freedom to participate at their own risk
the notice requires that at this stage, all financial institutions and Payment institutions shall not price procts or services with bitcoin, buy or sell bitcoin as a central counterparties, underwrite insurance business related to bitcoin or include bitcoin into the scope of insurance liability, and provide other bitcoin related services to customers directly or indirectly, Including: providing bitcoin registration, trading, clearing, settlement and other services for customers; Accept bitcoin or use bitcoin as a payment and settlement tool; Carry out bitcoin and RMB and foreign currency exchange services; Carry out bitcoin storage, custody, mortgage and other services; Issuing financial procts related to bitcoin; Take bitcoin as the investment target of trust, fund, etc
according to the notice, the bitcoin Internet website, as the main trading platform of bitcoin, shall be filed with the telecommunications administration according to the provisions of the Telecommunications Regulations of the people's Republic of China and the measures for the administration of Internet information services. At the same time, in view of bitcoin's high risk of money laundering and being used by criminals, the notice requires relevant institutions to perform the legal anti money laundering obligations such as customer identification and suspicious transaction report in accordance with the anti money laundering law of the people's Republic of China, so as to effectively prevent the money laundering risks related to bitcoin
in order to avoid excessive speculation of virtual commodities such as bitcoin in the name of "virtual currency" and damage the public interest and the legal tender status of RMB, the circular requires financial institutions and Payment institutions to correctly use the concept of currency in their daily work, pay attention to strengthening the ecation of the public's knowledge of currency, and correctly understand the concept of currency The concept of correctly treating virtual commodity and virtual currency, rational investment, reasonable control of investment risk, and maintenance of their own property security should be included in the content of financial knowledge popularization activities, so as to guide the public to establish a correct concept of currency and investment
in the future, the people's Bank of China will continue to pay close attention to the trend and related risks of bitcoin based on its own responsibilities End)
bitcoin home has an interpretation.
If bitcoin accounts are decentralized, so are hackers. Bitcoin, which uses blockchain technology, is not more secure than bank accounts. On the contrary, it is vulnerable to hackers. So, in the world of virtual currency, how to protect the security of account funds
Secret your private key address
the bitcoin address is the only information needed to define the distribution and transmission end of bitcoin. These addresses are generated anonymously by the user's wallet. Once the address is used, all the transaction history related to it will destroy the confidentiality of the address. Anyone can view the balance and all transactions at any address. Because users usually need to disclose their identity in order to receive services or goods, the bitcoin address cannot be completely anonymous. For these reasons, it is better to use bitcoin address only once, and users must be careful not to disclose the address
When replacing the computer, try to destroy the hard disk of the original computer. Don't save or publish the private key of bitcoin to the cloud, mailbox or collection. If a network administrator writes a regular expression to retrieve the text, he can find all the information and crack the user's account2. Stored in bitcoin wallet
many bitcoin exchanges have been attacked by hackers. If you use the wallet of bitcoin exchange, please use Google's "double authentication" to ensure security. During the development of virtual currency, there have been many cases of bitcoin exchange running away. The exchange owns the private key of the user's wallet, which is not a safe way to save bitcoin
bitcoin wallet has a wide range of customers, which is more secure than the wallet service of bitcoin exchange. No matter what kind of wallet you choose, you should choose a strong password. Don't use the same password as the registered email. At the same time, do not put eggs in the same basket, choose multiple storage ways to improve the security of assets
using the genuine system of bitcoin wallet, regularly updating security vulnerabilities and fixing bugs can improve security. Some studies have pointed out that IOS system is more secure than Android system, because the existing security vulnerabilities of Android system may be relatively easy to be attacked by hackers
3. The most common way to identify phishing sites is phishing sites. Hackers will create a domain name similar to bitcoin website, which may be sent to users through e-mail and other channels. Once users try to log on the website, hackers will record their login information
so be careful before clicking any link. Many browsers have the service of "phishing check". If you carefully identify the domain name of the website, you can identify the phishing website
4. Guard against Keylogger
in addition to phishing sites, the common attack method of hackers is Keylogger. Keyboarding is the easiest way to capture passwords. The deception of key recording software is very high, even the technical house may believe it. In short, a keyboard recorder is actually a script code. Once it is installed on the operating system of the target computer, it will record all the keystrokes on the keyboard and send them to hackers, mostly through FTP
the successful method of introcing Keylogger depends on many factors, including the operating system, the lifetime of keylogger and the anti infection level of target computer. Keyboard recorder is usually injected through web browser. The security vulnerability of the target machine depends on the type of browser it uses; Whether the operating system installed on the target machine is genuine, and whether the operating system is updated with the latest security vulnerabilities and bug fixes
5. Watch out for USB theft program
the software will retrieve your password and login credentials stored in the browser. Once FUD, some stealing programs can be very powerful. In most cases, a steal program is a. Bat file, which can be injected into the target machine online or driven by USB
6. Using proxy and VPN
proxy server and VPN can increase the security of your bitcoin wallet, although most people mistakenly believe that VPN makes them anonymous online. But in fact, VPN only improves the privacy of users. VPN can rece the possibility of hackers accessing the router to open the port, which also means that they are less likely to succeed
7. Encryption and backup wallet
wallet backup is essential to prevent losses caused by computer failure or human error. If a computer or mobile phone is lost, a backup wallet can help retrieve the bitcoin. At the same time to encrypt the online backup, any backup that can be accessed through the Internet should be encrypted
how to back up your wallet? First, close the bitcoin client, then select the backup wallet of the menu file in the main interface, and the wallet.dat file to other hard disk partition, mobile hard disk or U disk
it should be noted that the entire wallet should be backed up, not just the private key. Bitcoin wallet has many private keys for receiving transaction change. If only the private keys of visible bitcoin addresses are backed up, most of the funds may not be restored from the backup. Also, back up your wallet regularly to make sure that all recent bitcoin change addresses and newly created bitcoin addresses are included in the backup
Cold storageoffline wallet is called "cold storage", which is the safest way to save digital currency
cold storage is an offline wallet that is not connected to the network, that is, it will not be attacked by black horse and Trojan horse. However, because the operation is relatively complex and the price is relatively expensive, the price of offline wallet is more than 1000 yuan, which is suitable for users who have a lot of bitcoin and are ready to hold it for a long time
although the operation of cold storage is relatively complex, it is the safest storage method. At present, only cold storage has truly realized the inviolability of personal assets and is not subject to the supervision of others
if you want to know more about bitcoin information, please send me a private message and avoid detours
As long as the influence of bitcoin scam is not particularly bad, the government generally adopts the policy that the people do not sue, the officials do not blame, and turn a blind eye to it. Because even if the government enters, it is difficult to find the culprit. The information of some operation teams is not public, and it is difficult to find it on the Internet. Some of them are still abroad, so it is difficult to solve the case. Some of the culprits turn around and become victims. There are also those who participated in the bitcoin pyramid scheme. A large number of victims are also the biggest accomplices< br />
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.
in October 2013, bitcoin Bank of Australia was attacked by hackers, with a loss value of more than US $1 million. This incident has aroused the concern of bitcoin security in Australia. The Reserve Bank of Australia and the Australian tax office have said they want a virtual currency tax like a business transfer tax
Bangladesh
the Central Bank of Bangladesh banned the use of virtual currency in September 2014. Using bitcoin will be punished by law
Brazil
Brazil is one of the few countries in the world that has enacted laws related to electronic currency payment systems. Brazil has not banned bitcoin
Bolivia
for regulatory reasons, the Central Bank of Bolivia (BCB) has banned the use of bitcoin. BCB believes cryptocurrency will help business entities evade taxes
Canada
bitcoin is not considered legal, that is, bitcoin is not recognized by Canadian law. Canada's tax authorities plan to implement the same tax plan as barter trade and speculative trading for the bitcoin
China
China is one of the few countries in the world that ban bitcoin completely and prohibit financial institutions and banks from dealing with bitcoin transactions. In December 2013, the people's Bank of China issued a notice calling bitcoin & quot; Virtual goods;, And prevent it from becoming money
trading has been suspended
Ecuador has banned bitcoin, but it has chosen to set up a new state-owned electronic currency and monetary system, and the currency will be protected by the assets of the Central Bank of Ecuador
EU
at present, the EU still has different views on the classification of bitcoin. In October 2012, the European Central Bank's report on virtual currency concerns the legality of bitcoin under the EU legal framework. The European Banking Regulatory Authority issued a bitcoin risk warning, saying that the use of bitcoin has not been restricted at present
Finland
Finland has relevant regulations for the use of virtual currencies such as bitcoin. The relevant regulations are issued by the Finnish tax authority Vero skatt. Any gains arising from bitcoin transactions will be subject to capital gains tax
Hong Kong
Hong Kong has no regulations for bitcoin or any other virtual currency. However, the government is closely monitoring the use of bitcoin to prohibit money laundering, fraud and other illegal activities
India
India does not explicitly stipulate or prohibit the use of bitcoin. However, the Reserve Bank of India (RBI), equivalent to the Central Bank of India, has been forced to shut down India's largest bitcoin trading platform after it issued a notice that the use of bitcoin could cause money laundering and security problems
Israel
the Israeli tax authority is considering levying income tax on bitcoin transactions. Israeli banks even blackmail bitcoin payments
Kyrgyz
Kyrgyz central bank has banned the use of digital currency and bitcoin for the reasons of lack of centralized management, high currency risk and legal problems
Russia
the Central Bank of Russia believes that bitcoin may be used for money laundering and terrorist financing. Therefore, the Russian government banned the use of bitcoin
Taiwan
Taiwan's financial supervision commission is concerned about the uncertainty and speculation of bitcoin, so Taiwan opposes the installation of bitcoin ATM
UK
at present, there are no relevant regulations for the bitcoin. Profits or losses from bitcoin transactions are subject to capital gains tax, while the purchase of bitcoin is still subject to VAT
the U.S.
the U.S. is probably the most supportive country for virtual currencies such as bitcoin. There are no final rules on bitcoin. However, there are also many new rules for the establishment of bitcoin management framework.
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 crimesIn August 2013, Germany announced the recognition of bitcoin's legal status. Then, in May 2016, Japan approved the digital currency regulation act for the first time, defining bitcoin as wealth. In addition, the United States and Canada recognized bitcoin separately
but we will find that bitcoin is still prohibited in our country. The main reasons are as follows
1, the particularity of bitcoin
therefore, for those countries with strong finance and easy to attract wealth, bitcoin is a sharp weapon, which is naturally included in the legal status
for us, bitcoin is an invisible damage to our country. It is not regulated, transfers assets and wealth, and hinders all kinds of criminal actions. And it also brings bad atmosphere, which makes people have speculative psychology
therefore, bitcoin in our country naturally needs to be banned< br />
the other is clinical grade, with few advertisements. It is often the laboratory of the laboratory or scientific research institution in a large hospital, and it is often used to detect one or several points of a certain kind of disease, with high cost and high accuracy. As long as there is no problem in sampling, the results will be OK
therefore, if you have such a demand, it is recommended to go to an institution with a molecular laboratory, whose test is clinical grade.
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