Digital currency LCS
Digital money is legal
digital currency itself is legal in China. Digital currency is defined as Internet goods in China, but the relevant supervision is still blank, and digital currency is still in the gray area in China. Well known digital currencies include bitcoin, Leyte coin, Ruitai coin, thousand gold card, dog coin, etc
however, there are also some non developers who use the cover of digital currency to carry out pyramid schemes, such as the Vicat scheme, treasure scheme, Porter scheme and so on
development materials:
digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency
1. Enjin (enj)
in the near future, the game instry is the instry most likely to adopt blockchain on a large scale. Enjin coin is the cryptocurrency of virtual goods created by Enjin. Enjin is the "largest online gaming community platform" with more than 250000 gaming communities and 18.7 million registered gamers
Cardano (ADA)compared with Ethereum, EOS and Tron, Cardano is the third generation of decentralized app (DAPP) and smart contract platform. Cardano's design philosophy has the following points:
scalability: with the growth of users, the transaction processing speed is not affected or even faster, such as P2P protocol
interoperability: in the future, there will be countless devices connected to each other, instead of only connecting and forwarding through routers. All kinds of devices can communicate directly through standard general protocol
Sustainability: like bitcoin, Cardano project will not be controlled and influenced by a certain company or organization, which is a safe, decentralized and sustainable development platform
With the popularity of sto (security token offers), Nash also plays an important role. Nash is a kind of registered security token. In the past, Nash participated in and led the development of many projectsNash exchange is a decentralized exchange. If you hold nex token, you can calculate the dividend here
4. Basic attention token (BAT)
bat mainly solves the problem of advertising:
user information is abused: large companies such as Google and Facebook track and use user information and behavior, and sell without the knowledge of users
the effect of advertising is restrained: middlemen earn most of the fees, a large number of advertisements are blocked by users using software, and advertisements are fake
in the past six to 12 months, the number of publishers using the brand browser (Note: the brand browser supports bat token) has grown rapidly, and almost no blockchain ecosystem has grown so fast
5, chainlink (link)
chainlink mainly solves the problem that each blockchain has and the smart contract cannot obtain external data. In order to introce external data into the blockchain, the concept of Oracle is proposed in smart contract
companies including Google are supporting the development of chainlink. Here is a list of chainlink partners
one of the main problems of chainlink is similar to Ethereum. The development team has reserved 650 million link tokens, while only 350 million are in circulation at present
Ethereum (ETH)Ethereum has long occupied the second place in the top 100 cryptocurrencies. Its ecology is so big that we can't call it altcoin now. To tell you the truth, I'm not optimistic about Ethereum in the long run, but it will flourish in the short run
The Internet of things in China refers to a network concept in which information sensing devices such as GPS, laser scanners, etc. connect any item with the Internet according to the agreed protocol for information exchange and communication, so as to realize intelligent identification, positioning, tracking, monitoring and management. The rudiment of the Internet of things is just like the early form of the Internet, local area network, which shows a great prospect
digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy. Digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold
risk
digital gold currency is a form of physical currency, whose deposits are measured in gold rather than legal currency. Therefore, the purchasing power fluctuation of digital gold currency is related to the gold price. If the price of gold goes up, it becomes more valuable. If the price of gold goes down, it loses value
since there is no specific financial regulation to regulate digital gold money suppliers, they operate in a self-regulation way. Digital gold money suppliers are not banks, so banking regulations are not applicable. However, the global digital currency Association, founded in 2002, is a non-profit association of online currency operators, convertors, merchants and users. This association supervises the users' reports and ratings the reputation of the convertor. The rating operation is confirmed by the users' reports
criticism
digital gold money suppliers and changers have been accused of being intermediaries of fraulent hyip schemes. In January 2006, business week reported that shadowcrew used the e-gold system, involving a large number of online groups whose identity information was stolen. However, the chairman of e-gold claimed that he would not compromise on any criminal activities using e-gold
the MSB license in the United States is a license for digital currency and virtual currency transactions. After the application, it can be legally recognized all over the United States and overseas, so the brand value and influence are very big. It can be said that compared with isania, Australia and other countries do have great advantages
one of the necessary conditions for applying for MSB digital currency license in the United States is to register a company in the United States
the following conditions are required to register a U.S. company:
1. Application conditions: more than one director and shareholder of the company (natural or legal person without international restrictions), valid identification documents (ID card or passport)
2. Name selection: there is no restriction on the company name, as long as there is no plicate name in the search; The general name is followed by the words of Corp (Corporation), Ltd (limited), Inc (incorporated), CO (company), LLC, etc. Please attach two or more company names when registering, so as to avoid delay when each choice is unavailable. Before the establishment of the company, the name fee can be reserved for half a year
3. Registered capital: different states have different registered capital, which is generally US $50000 (please refer to the registered address of each state for details), without capital verification and in place. When registering a company, it is necessary to state the amount of shares issued at the time of incorporation. Generally, the initial amount of shares issued by the company is 3000-50000 shares. You can increase the number of shares issued by your company at any time after the establishment of the company. 3. Share Allotment: the proportion of shares of each shareholder in the registered U.S. company (%)
4. Registered address: it is required to have a local registered address (the registered address in the United States can be provided for our secretary service). Company registration time: 20-25 working days<
processing time of bank account of U.S. company:
the second necessary preparation for license application is to open a U.S. bank account< Please provide the following attachments:
1. Company registration certificate
2. Company tax number
3. Scanning of ID card of all directors and shareholders (holding more than 10%)
4. Scanning of passport of all directors and shareholders (holding more than 10%)
5. Scanning of address certificate of all directors and shareholders (holding more than 10%) in the past three months (marked) Note:
1. Please confirm the authenticity and validity of the information. If the information is not true, the customer shall bear all the consequences.
2. The time of opening an account is determined by the workload of the bank, generally about one month, and the actual time shall prevail, For customers with high time requirement, please explain in advance
service content of license processing:
license application includes:
& ᦇ 8226; Financial business scheme design of MSB license; Preparation and writing of application materials; Submit an application for MSB license to the U.S. Department of the Treasury; Responsible for answering questions raised by the U.S. Treasury and FinCEN ring the application process< br />• If the U.S. Treasury Department and FinCEN require us to provide other documents or relevant instructions, we will be responsible for writing and submitting them, such as proct disclosure statement. After the completion of the license inquiry: login the U.S. Department of the Treasury MSB website to inquire about the license number and other information.
there is no price limit for P.S. digital currency trading, so investment should be cautious!
I'm very happy to share
the information needed to apply for the US MSB license
1 to register a US company, the registration conditions of the US company are very simple, providing the identity documents of the company's directors (ID card, passport, address proof)
2 to open a bank account (this account is not necessary, but not necessary for blockchain projects), and the agent can open an account, Just to see if it's necessary
with these two basic conditions, submit the information for us MSB license application, and the details are as follows:
1. Basic information of US companies
1 company registration certificate
2 articles of association or equivalent documents
3 good reputation certificate of the company established for more than one year
4 company Ein tax number
2. Detailed personal data of shareholders and directors of US companies (scanned passport, personal telephone, address, etc.)
3. Brief overview of the exchange
1. Services provided by the exchange
2. Current operation status of the exchange
3. Customer group of the exchange
4. Service types, please refer to the list of MSB service types< 5. Total transaction amount
the documents after registration are as follows:; 1. PDF electronic file of MSB license 2. Registration certificate 3. Paper license<
the work of license application includes:
& 8226; Financial business scheme design of MSB license; Preparation and writing of application materials; Submit an application for MSB license to the U.S. Department of the Treasury; Responsible for answering questions raised by the U.S. Treasury and FinCEN ring the application process
the above is the whole process of applying for MSB license in the United States. Generally, the registration time is 1 to 2 months, so the application time is short and the registration cost is low. It is the first choice in the current financial license
however, the current hot licenses include: US MSB license, Canadian MSB license, Estonian license, Australian license and caymann license
there are many more popular licenses that can also be applied for: Maltese license, butuo license, Swiss license, Japanese license, Cambodian license, Thai license and seschel license
there are some differences between Estonian license and other licenses, because it belongs to al license (virtual value exchange service + virtual value wallet), but there is no essential difference in blockchain projects. You can make a reasonable choice according to your own development plan. In other words, there is no good or bad financial supervision license, Only suitable or not suitable, you want to develop in which area, apply for which area
Pan Pan will share it for you. Please like it if you like it. Please send a private message if you need it. Thank you. 2019.8.26
the first thing is to set up a company in the United States, which is no different from our usual process of registering overseas companies, You can register by providing the name and ID card of an American company, and you can have at least one director's information.
secondly, you can start the formal work of applying for a license after completing the company process. You need to provide a passport to apply for a license, which is easy to do. Then you can provide the company's registration certificate and articles of association. If a company with more than one year needs a new annual review document, We will also get the tax number, which is necessary, and the price is very cheap. It doesn't matter. We will do other things about the virtual currency or the exchange on our behalf
it takes four to eight weeks from the beginning to get the license. Normally, one month is OK