Government participation in private chain digital currency

1.

1、 Different definitions:

1. virtual currency:

virtual currency refers to non real currency

digital currency:

digital currency is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

3. Cryptocurrency:

cryptocurrency is a kind of transaction medium that uses cryptography principles to ensure transaction security and control the creation of transaction units

4. Token (token):

a kind of article whose shape and size are similar to currency, but the scope of use is limited and has no currency effect, and its token is the homonym of token in English

Second, the characteristics are different:

1; It can also be said that virtual currency is personalized currency. In another way, it can also be called information currency

2. Digital currency:

is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities

Cryptocurrency:

cryptocurrency is based on the decentralized consensus mechanism, which is opposite to the banking and financial system relying on the centralized regulatory system

4. Token (token):

usually needs to be exchanged for money, used in shops, playgrounds, mass transportation and other places, as a voucher to use services and exchange goods

extended data

at present, digital currency is more like an investment proct, because it lacks a strong guarantee agency to maintain its price stability, and its role as a value measure has not yet appeared, so it can not be used as a means of payment. As an investment proct, digital currency cannot develop without trading platform, operating company and investment company

digital currency is a double-edged sword. On the one hand, the blockchain technology it relies on has been decentralized and can be used in other fields except digital currency, which is one of the reasons why bitcoin is popular; On the other hand, if digital currency is widely used by the public as a kind of currency, it will have a huge impact on the effectiveness of monetary policy, financial infrastructure, financial market and financial stability

2. You have all been cheated. The government will not support you
at present, our government does not support any kind of digital currency, any kind of digital currency is not favored by the government, and it is impossible for the government to support or recognize any kind of digital currency. However, digital currency exists legally in China and is defined as a special Internet commodity
digital currency has indeed attracted the attention of the central bank, which also planned to issue digital currency. However, the digital currency that the central bank plans to issue is different from the encrypted digital currencies such as bitcoin, Ruitai and Laite.

3. Digital currency is a virtual currency based on node network and digital encryption algorithm, which can be exchanged at will. The place of digital currency is just there. All the big domestic star traders, such as silktrader, fire coin, coin security, etc. The owner of digital currency can communicate with others on the platform through the matchmaking system, or directly purchase digital currency with legal currency through the legal currency channel.

4.

As of May 2020, blockchain and digital currency are illegal in China

according to the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risks of token issuance and financing, Article 2 no organization or indivial shall illegally engage in token issuance and financing activities. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle 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

Article 3 strengthen the management of token financing trading platform

from the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal currency and token and "virtual currency", and shall not buy or sell token or "virtual currency" as a central counter party, and shall not provide pricing for token or "virtual currency" Information intermediary and other services

extension data

"illegal financial institutions and illegal financial business activities ban" stipulates that:

eleventh, the criminal suspect, funds and property involved in illegal financial institutions and illegal financial activities, and the public security organs shall take compulsory measures according to law to prevent suspect from escaping and transferring funds and property. p>

Article 12 the people's Bank of China shall, after investigation and confirmation, make a decision to ban the illegal financial institutions and financial business activities, declare them illegal, order them to stop all business activities, and make an announcement

Article 13 if the people's Bank of China discovers that a financial institution opens an account, handles settlement and provides loans for an illegal financial institution or illegal financial business activities, it shall order the financial institution to stop the relevant business activities immediately. No unit or indivial may use the relevant funds without authorization

5. At present, there is no final conclusion. In the past 17 years, it has been stipulated that it is illegal. However, the national laws already have a sense of supervision in this aspect, and some relevant policies and regulations will soon be issued to regulate and regulate the blockchain, which means that there will be legal blockchain in the future.

6. Strictly control the system loss sharing:
when the system loss is generated, it is shared equally by the profit-making customers after the settlement. Especially when the big market occurs, the sharp drop or sharp rise of the price will cause the customers to burst their positions in a large area, forming a huge system loss, and the loss will be shared equally by the profit-making customers. The mechanism of position margin + floating margin is adopted, A customer's position needs a fixed margin. When the floating margin reaches the warning line, the system will remind the customer to add margin. Otherwise, when the margin is not enough to hold so many positions, the system will forcibly level off the excess positions to control the risk of the customer. This mechanism strictly controls the leverage, and the leverage of futures can reach 10 times at most, The size of the position is determined by the customer's capital. Generally, a slightly larger fluctuation will not cause the customer to burst the position, so that the profit customers will not be allowed to share the system loss. Then the customer's profit capital can be fully recorded<

circuit breaker price mechanism:
the exclusive digital currency circuit breaker mechanism is provided. When the price fluctuates sharply in a short time, such as 10% within a few minutes, the circuit breaker mechanism will be triggered. If the price exceeds the circuit breaker price within one minute, the Commission will stop reporting. If the circuit breaker price is still maintained after one minute, the circuit breaker price will continue to be expanded. At this time, the client can continue to commission, But still can not exceed the current price. In this way, the fairness of the trading environment is prevented from being affected by human malicious entrustment, and the price manipulation is also avoided

- "detailed explanation of lightcoin Futures Rules"

7. The main business of digital assets HKEx is to provide professional services such as issuing, trading, consumer application and payment for various digital currencies, commercial digital points and virtual currencies around the world.

8. DCCT static income will not lose money, the future trend has been rising; Dynamic income is to see personal operation, not greedy, 10-20% income every day is very easy, official activation code 2037.

9. The law of the people's Republic of China on proction safety stipulates the following:
Article 80 If the decision-making organ, principal responsible person or indivial investor of a proction and business operation entity fails to guarantee the capital investment necessary for proction safety in accordance with the provisions of this law, thus causing the proction and business operation entity not to meet the conditions for proction safety, it shall be ordered to make corrections within a time limit and provide the necessary funds; If no correction is made within the time limit, the proction and business operation entity shall be ordered to suspend proction and business for rectification
those who commit the illegal act mentioned in the preceding paragraph, which leads to proction safety accidents and constitutes a crime, shall be investigated for criminal responsibility in accordance with the relevant provisions of the criminal law; If the case is not serious enough for criminal punishment, the principal person in charge of the proction and business operation entity shall be removed from office, and the investor of indivial business operation shall be fined not less than 20000 yuan but not more than 200000 yuan
Article 81 If the main person in charge of a proction and business operation entity fails to perform the ties of proction safety management as stipulated in this law, he shall be ordered to make corrections within a time limit; If no correction is made within the time limit, the proction and business operation entity shall be ordered to suspend proction and business for rectification
if the principal person in charge of the proction and business operation entity commits the illegal act mentioned in the preceding paragraph, which leads to proction safety accidents and constitutes a crime, he shall be investigated for criminal responsibility in accordance with the relevant provisions of the criminal law; If it is not serious enough for criminal punishment, he shall be removed from office or fined not less than 20000 yuan but not more than 200000 yuan
if the principal person in charge of a proction and business operation entity is subject to criminal punishment or dismissal in accordance with the provisions of the preceding paragraph, he shall not be the principal person in charge of any proction and business operation entity within five years from the date when the punishment is executed or the principal person is punished< Article 82 If a proction and business operation entity commits any of the following acts, it shall be ordered to make corrections within a time limit; If it fails to make corrections within the time limit, it shall be ordered to suspend proction and business for rectification, and may also be fined less than 20000 yuan:
(1) failing to set up a proction safety management organization or to provide proction safety management personnel in accordance with the provisions
(2) the main responsible persons and safety proction management personnel of the proction, operation and storage units of dangerous goods as well as the mining and construction units fail to pass the examination in accordance with the provisions< (3) failing to ecate and train the employees in proction safety in accordance with the provisions of articles 21 and 22 of this law, or failing to truthfully inform the employees of the matters related to proction safety in accordance with the provisions of Article 36 of this law
(4) special operation personnel fail to receive special safety operation training and obtain special operation qualification certificate according to the regulations and work on their posts< Article 83 If a proction and business operation entity commits any of the following acts, it shall be ordered to make corrections within a time limit; If it fails to make corrections within the time limit, it shall be ordered to stop construction or stop proction or business for rectification, and may also be fined not more than 50000 yuan; Those who cause serious consequences and constitute a crime shall be investigated for criminal responsibility in accordance with the relevant provisions of the criminal law:
(1) there is no design of safety facilities in a mine construction project or a construction project used for the proction or storage of dangerous goods, or the design of safety facilities has not been submitted to the relevant department for examination and approval in accordance with the provisions< (2) the construction unit of a mine construction project or a construction project for the proction and storage of dangerous goods fails to carry out the construction in accordance with the approved design of safety facilities< (3) the safety facilities of a mine construction project or a construction project for the proction or storage of dangerous goods have not passed the acceptance before they are put into proction or use< (4) failing to set up obvious safety warning signs on the proction and operation sites, relevant facilities and equipment with major risk factors
(5) the installation, use, detection, transformation and scrapping of safety equipment do not meet the national or instrial standards< (6) failure to carry out regular maintenance and regular inspection of safety equipment< (7) failing to provide employees with labor protection articles that meet the national or instrial standards< (8) special equipment and containers and means of transport of dangerous goods are put into use without obtaining a safety certificate or safety mark after they have passed the examination and inspection by a qualified organization< (9) the use of processes and equipment that endanger proction safety and are eliminated or prohibited by the state
Article 84 anyone who proces, markets or stores dangerous goods without approval according to law shall be ordered to stop the illegal act or close down, and his illegal income shall be confiscated. If his illegal income is more than 100000 yuan, he shall also be fined not less than one time but not more than five times of his illegal income. If there is no illegal income or his illegal income is less than 100000 yuan, he shall be fined not less than one time but not more than five times of his illegal income, A fine of not less than 20000 yuan but not more than 100000 yuan shall be imposed alone or concurrently; If serious consequences are caused and a crime is constituted, criminal responsibility shall be investigated in accordance with the relevant provisions of the criminal law< Article 85 If a proction and business operation entity commits any of the following acts, it shall be ordered to make corrections within a time limit; If it fails to make corrections within the time limit, it shall be ordered to suspend proction or business for rectification and may also be fined not less than 20000 yuan but not more than 100000 yuan; Those who cause serious consequences and constitute a crime shall be investigated for criminal responsibility in accordance with the relevant provisions of the criminal law:
(1) those who proce, operate, store or use dangerous goods, fail to establish a special safety management system, fail to take reliable safety measures or refuse to accept the supervision and management implemented by the relevant competent departments according to law
(2) major hazard installations are not registered and filed, or are not evaluated and monitored, or emergency plans are not formulated
(3) carrying out blasting, hoisting and other dangerous operations without arranging special management personnel for on-site safety management
Article 86 If a proction and business operation entity contracts out or leases its proction and business operation projects, sites or equipment to units or indivials that do not have the conditions for safe proction or corresponding qualifications, it shall be ordered to make corrections within a time limit and its illegal income shall be confiscated; If the illegal income is more than 50000 yuan, a fine of not less than one time but not more than five times the illegal income shall be imposed; If there is no illegal income or the illegal income is less than 50000 yuan, a fine of not less than 10000 yuan but not more than 50000 yuan shall be imposed alone or concurrently; If any proction safety accident causes damage to others, it shall be jointly and severally liable with the contractor and the lessee
if the proction and business operation entity fails to sign a special work safety management agreement with the contractor or the lessee, or fails to specify their respective work safety management responsibilities in the contract or lease contract, or fails to coordinate and manage the work safety of the contractor or the lessee, it shall be ordered to make corrections within a time limit; If it fails to make corrections within the time limit, it shall be ordered to suspend proction or business for rectification
Article 87 If two or more proction and business operation entities conct proction and business operation activities that may endanger the safety proction of the other party in the same operation area, and fail to sign a safety proction management agreement or appoint full-time safety proction management personnel for safety inspection and coordination, they shall be ordered to make corrections within a time limit; If it fails to make corrections within the time limit, it shall be ordered to suspend proction or business< Article 88 if a proction and business operation entity commits any of the following acts, it shall be ordered to make corrections within a time limit; If it fails to make corrections within the time limit, it shall be ordered to suspend proction and business for rectification; Those who cause serious consequences and constitute a crime shall be investigated for criminal responsibility in accordance with the relevant provisions of the criminal law:
(1) the workshops, shops and warehouses that proce, operate, store or use dangerous goods are in the same building as the staff dormitory, or the distance from the staff dormitory does not meet the safety requirements
(2) there is no exit that meets the needs of emergency evacuation, has obvious signs and keeps unblocked in the proction and business operation site and staff dormitory, or the exit of the proction and business operation site or staff dormitory is closed or blocked
Article 89 if a proction and business operation entity enters into an agreement with its employees to exempt or rece its legal liability for the casualties of employees e to proction safety accidents, the agreement shall be invalid; The principal person in charge of the proction and business operation entity and the investor of indivial business operation shall be fined not less than 20000 yuan but not more than 100000 yuan
Article 90 if the employees of a proction and business operation entity disobey the management and violate the rules and regulations of proction safety or operating proceres, they shall be criticized and ecated by the proction and business operation entity and punished in accordance with the relevant rules and regulations; If a major accident is caused and a crime is constituted, criminal responsibility shall be investigated in accordance with the relevant provisions of the criminal law
Article 91 when a major proction safety accident occurs in a proction and business operation entity, if the main person in charge of the entity does not immediately organize rescue or leaves his post without permission or escapes ring the investigation and handling of the accident, he shall be demoted or removed from his post, and the person who escapes shall be detained for not more than 15 days; If a crime is constituted, criminal responsibility shall be investigated in accordance with the relevant provisions of the criminal law
if the main person in charge of the proction and business operation entity conceals, falsely reports or delays in reporting proction safety accidents, he shall be punished in accordance with the provisions of the preceding paragraph.