People's daily supervises bitcoin
Heavy weight! What kind of information is released behind the people's Daily's re evaluation of special currency
April 18, 2018
as the wind vane of policy, people's Daily has a self-evident influence on all walks of life. On April 16, people's Daily published a comment on bitcoin and other digital currencies, to the effect that it is difficult to ban digital currencies completely, and landing payment should be opened. For a time, it triggered a big discussion on policy risk in the currency circle. Why did people's daily comment on bitcoin again? Does this mean that China will lift the ban on bitcoin? Today, I'd like to analyze the information hidden behind the people's daily article
therefore, it is boldly predicted that there can only be one form of bitcoin and blockchain enterprises in the future, that is, the form of Instrial Park supported by the state. As the saying goes, bitcoin is not a good blockchain if it does not solve the employment rate. At present, the whole market is not mature, and the state will not prohibit OTC trading for the time being. However, with the increasing economic risks, the supervision of the currency people will be more and more strict
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.
1
2. Your bitcoin transaction is legal and not restricted or prohibited by law
3. The profits you earn are recognized by law and can be distributed and owned by you
if the above conditions are met, you should be able to obtain legal protection. If the case is solved in the future, you should be able to claim civil compensation as the victim, but there is no guarantee of full compensation
in general, if the public security organ files a case for investigation, the case will still be held accountable for how long it takes; If the public security organ does not file a case and may be sentenced to fixed-term imprisonment of not more than five years, it will not be investigated after five years. However, the law also stipulates that if a complaint is filed by the victim ring this period, the relevant authorities should file the case but not, it is not limited by the limitation period of prosecution. You have reported the case to the public security organ, but the case has not been filed because of public security reasons. This case should not be limited by the prosecution period according to law, and the prosecution effect will not be lost for a long time.
what currency is the most popular this year? I believe many people will answer: "bitcoin"
generally speaking, bitcoin is a kind of digital code, which is generated by a large number of calculations according to a specific algorithm. In theory, everyone can get bitcoin through calculation, which is compared to "gold digging" and "mining". According to the algorithm set by the founder of bitcoin, the total amount of bitcoin is limited, with only 21 million bitcoins. At present, 12.07 million bitcoins have been "g out"< However, it is not easy to dig out bitcoin. Lin Jia, a student of the school of economics and management of Beijing University of Posts and telecommunications, once made a special research. She said: "the performance of ordinary home computers is difficult to support the computing needed to" dig "bitcoin. There are special bitcoin" mining machines "on the market, and a high configuration one costs several hundred thousand yuan‘ Bitcoin is not only a high investment cost, but also a high technical threshold. The algorithm is very complex, so it is difficult for ordinary people to "dig" bitcoin by themselves. "
in fact, most people still buy bitcoin in cash. Bitcoin can not only be bought, it can also be sold. In some countries, bitcoin is even regarded as legal currency, which can be converted into real money and used directly for shopping. In China, some businesses announced that they would accept bitcoin payment<
if investors become the last stroke of drumming, they will only get a bunch of useless electronic symbols
recently, the central bank, MIIT, CBRC, CSRC and CIRC jointly issued the notice on prevention of bitcoin risk The notice stressed that bitcoin should be 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. All financial institutions and Payment institutions shall not carry out business related to bitcoin
although a notice broke people's illusion of bitcoin becoming a currency in circulation, bitcoin still has a lot of fans. On December 16, the 24-hour trading volume of a bitcoin trading platform named okcoin in China alone reached 66225 bitcoins, with a trading volume of more than 300 million yuan
Why are people still so keen on investing in bitcoin? One of the important reasons is that many people think that bitcoin has a limited amount and can "maintain and increase value", and regard it as an investment tool like stocks and funds. In fact, investment in bitcoin was once very profitable. In the first four months of this year, bitcoin's value soared more than 10 times. In the short term, such a rapid rise has attracted a large number of follow-up speculators
bitcoin also falls sharply. On November 19, the price of bitcoin was fried to 8000 yuan, and then dropped to 2850 yuan on December 18, a month later
nevertheless, the bitcoin market is not in a slump, and even Lin Jia is going to "buy the bottom"“ A friend has bought bitcoin before and heard that he has made a lot of money, "said Lin Jia." I'm going to invest one or two thousand yuan to buy a few bits of bitcoin first. If I lose, I'll lose. Compared with the price of 8000 yuan, it may not be a high point now. Wouldn't it be good if we could make a profit? "
bitcoin charts, an international bitcoin website, shows that nearly 60% of bitcoin transactions recently come from the Chinese market. Many people share Lin Jia's "bottom hunting" mentality
however, the risk of bitcoin is not just the risk of price fluctuation“ Bitcoin is now more of an arbitrage tool than a payment tool, and its technical risk, security risk and regulatory risk are worrying. " Zhao Qingming, an adjunct professor at the school of finance, University of international business and economics, said frankly
first of all, from the perspective of the development history of the Internet, although the algorithm of bitcoin is complex, it is not impossible to be broken. Once broken, the whole system of bitcoin will collapse. Secondly, the private trading platform is not mature. Recently, a number of bitcoin trading accounts were stolen in Shanghai, with a loss of 640000 yuan. In addition, market regulation has not kept up. At present, the servers of many bitcoin trading platforms are built in foreign countries, and they are not registered in the domestic instrial and commercial departments, so it is difficult to protect the interests of investors< In Zhao Qingming's view, it is not advisable to buy and sell bitcoin with a speculative mentality: "bitcoin does not have the basic function of currency, unlike real gold and silver commodity currency, or paper currency credit currency with government credit support. Similar hype is not uncommon in Chinese history. Pu'er tea, Longjing and mahogany furniture also set sky high prices. If the investors who buy bitcoin become the last stroke of drumming, they will only get a bunch of useless electronic symbols. "
In fact, there is one more detail that we need to pay attention to, that is, the price of bitcoin has been directly reced from US $60000 to US $52000, and countries have directly indicated that they will strengthen supervision. Before that, you should know that the price of bitcoin soared from more than 10000 US dollars to 60000 US dollars. It's boring. Why didn't the regulators of various countries directly intervene in such a long period of time? So today we will discuss the factors that affect the fluctuation of bitcoin{ Third, the confidence of consumers or investors
in the past few months, bitcoin's long-term success is that the manual has brought her a high degree of popularity, and at the same time, its price has gone up by leaps and bounds. But everyone is tired. After seeing some information about bitcoin for a long time, we are not very interested. The visual impact of tens of thousands of dollars has lost any freshness. In this case, everyone's investment enthusiasm for bitcoin will naturally decline, which will lead to its price decline
absolutely impossible
you can imagine this picture: payday is coming, your cold wallet has received 0.05 bitcoin, according to the bitcoin 60000 US dollars, you have earned 3000 US dollars this month, a total of 20100 RMB! You are very happy, just as you are going to have a big meal to reward yourself, bitcoin suddenly plummeted from $60000 to $50000, and it is still falling!! Your 0.05 bitcoin is still so much, but your income instantly reced to 16250, nearly 4000 yuan evaporated, not only that, but also the amount continued to decline with the naked eye!! At this time, I'm afraid no one would like to invite you to a big meal. Instead, I nervously took out my mobile phone and quickly sold bitcoin! When the transaction is completed and RMB 16000 is paid to your account, you will finally relax...
so why is bitcoin easy to store money and transfer assets? This is determined by its design principle. Professional knowledge is too complex. In short, bitcoin is a code city that can't be broken by hackers. All users involved in bitcoin trading in this city can't trace their real information through any technical means. Therefore, bitcoin has become a pure land of assets that governments can't control. In this city, your private property will always be yours, No one wants to take it away. If you forget your password, it will be miserable, because you don't want to take back your own bitcoin. It will be stored in this city forever. Therefore, the extreme security and secrecy of bitcoin make it easy for private property to completely get rid of the control of sovereign states, so it is reasonable for governments to study regulatory methods, because bitcoin is the most powerful in history, which can fight against the country's enemies economically