Can anyone report selling digital currency

1.

It is illegal to buy and sell digital currency in China

according to the announcement on preventing the financing risk of token issuance jointly issued by the central bank and other seven ministries and commissions, the announcement points out that 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 tokens or "virtual currency" as the central counterparties, It is not allowed to provide pricing, information intermediary and other services for token or "virtual currency"

the announcement points out that token issuance financing refers to the so-called "virtual currency" raised from investors through illegal sale and circulation of tokens. In essence, it is an unauthorized illegal public financing behavior, suspected of illegal sale of token tickets, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities

extended information:

the central bank said that the so-called "digital currency" in the market is not legal digital currency:

the central bank's monetary Bureau issued a "risk warning on issuing or promoting digital currency in the name of the people's Bank of China" on its official website, saying that recently, indivial enterprises falsely use the name of the central bank, The relevant digital procts are labeled as "authorized issuance by the people's Bank of China", or the central bank's digital currency promotion team is falsely claimed, in an attempt to deceive the public and take the opportunity to make huge profits

the central bank said that the central bank 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. The central bank also suggested that 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

in fact, virtual currencies such as bitcoin and lightcoin are representatives of the so-called digital currency. The central bank said in 2016 that it was studying China's legal digital currency. Yao Qian, director of the digital currency Research Institute of the people's Bank of China, previously told the media that the prototype scheme for the central bank to issue legal digital currency has completed two rounds of revision, and is expected to be tested in relatively closed application scenarios such as the bill market in the future, but there is no clear timetable for its launch

2.

Digital currency is a new technology that can be used to improve transaction efficiency, but now it has been targeted by some lawless elements and carried out marketing and fraud in its name, using ordinary people's ignorance of digital currency to deceive investment and investors

Generally speaking, we investors or cheated people should prepare the following evidence:

1. The chat records between relevant chat records and analysts or agents or order calling personnel are the most basic evidence, because such evidence can fully reflect the whole process of our cheated people being cheated and the illegal places of relevant business personnel in the chat process, Can be fully reflected in the chat record

2. The evidence of relevant deposit and withdrawal records is the deposit and withdrawal of the bank account of the investor or the cheated person, which can reflect the investment and withdrawal of the cheated person, and the difference between the two is basically the total capital loss of the investor. This kind of evidence can be preserved by the cheated basically, just go to the bank and print the bank account

the above evidence is the basic evidence that investors or cheaters should have, but not all the evidence. In the process of power only, if there is no or incomplete basic evidence, then the difficulty of power only will increase, but the light of justice is still willing to take up the weapon of law to help you safeguard your vital interests! Willing to give the most professional legal aid! Promise only right is not successful, do not charge the slightest fee

3. Digital currency is illegal in China and is not protected by law. You can call the police, even if you catch a liar, the money doesn't have to come back

4. It's illegal to buy and sell digital currency, because no matter whether it's a good digital currency or a currency in circulation in reality, you can't buy and sell it casually

5. According to the state's latest regulations in 2020, trading does not violate the law, but the profits generated by the transaction do not declare personal income tax, which is tax evasion.

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. As a blockchain digital currency practitioner, to answer "first of all, you need to understand how bitcoin comes from. I hope the following answers will help you
what is blockchain
blockchain is a technical solution to maintain a reliable database collectively through centralization and distrust
generally speaking, blockchain technology refers to a way for the whole people to participate in bookkeeping. There is a database behind all the systems. You can think of the database as a big ledger. So it's very important who keeps this account book
so what's the difference between our current accounting method and blockchain
take the Internet giant companies as an example, wechat's account book is Tencent's account book, and Taobao's account book is Alibaba's account book
but in the blockchain system, everyone in the system can have the opportunity to participate in bookkeeping. If there is any data change in a certain period of time, everyone in the system can conct bookkeeping. The system will judge the person who has the fastest and best bookkeeping in this period, write the content of his records into the account book, and send the content of the account book to all other people in the system for backup. In this way, everyone in the system has a complete account book. This way, we call it blockchain technology
will not mastering blockchain be eliminated by the times
although blockchain is popular, for ordinary people, they don't need to panic and can't master this technology. In fact, it has nothing to do with us. After the implementation of blockchain development, we only need to be able to use related applications. Just like we don't need to know what is the underlying TCP / IP protocol of the Internet, we just need to enjoy the services provided by the Internet. Blockchain is more similar to the underlying technology such as TCP / IP, and will be extended to more and more instries in the future
how to apply blockchain
the most important thing of blockchain is to solve the problem of intermediary credit. In the past, it was difficult for two people who didn't know and trust each other to reach cooperation, and they had to rely on a third party. For example, in the past, there must be an institution such as a bank or Alipay.
therefore, blockchain can subvert many instries, making these instries without intermediary participation, efficient and transparent process, low cost and high data security. Therefore, if there is any demand in these three aspects, the instry will have the opportunity to use blockchain technology
what is bitcoin? Is bitcoin a blockchain
blockchain technology is the underlying technology of bitcoin. Through the blockchain technology, bitcoin is the first time for human beings to realize the mutual trust transfer behavior without the participation of any intermediary. And this system has been running autonomously and stably for many years, and there has been no problem
therefore, many people have noticed that the underlying technology may have a great mechanism, and it can be used not only in bitcoin, but also in many fields. Therefore, bitcoin technology is abstracted, which is called blockchain technology or distributed ledger technology. So from a certain point of view, bitcoin can be regarded as the first application of blockchain, and blockchain is more similar to the underlying technology such as TCP / IP, which will be extended to more and more instries in the future
what is "mining"
mining, in a narrow sense, is the "mining" in bitcoin. The operation of bitcoin adopts a mechanism called "proof of work (POW)". In order to find out who has more powerful computing power, the system will work out a mathematical problem every time. Only the computer that can solve the problem the fastest can carry out accounting. The computer that grabs the bookkeeping right will be rewarded with 25 bitcoins. This behavior is usually called "mining", and the bitcoin obtained is regarded as the reward for successful mining
broadly speaking, it is a process of bookkeeping reward, which can be used in any instry or digital currency
what is smart contract
smart contract is a kind of contract that uses computer language instead of legal language to record terms. Smart contracts can be executed automatically by a computing system. If blockchain is a database, smart contract is the application layer that can make blockchain technology applied to reality. In the traditional sense, the contract has no direct connection with the computer code to execute the content of the contract. In most cases, paper contracts are filed, while software executes contract terms written in computer code. The potential benefits of smart contracts include lower contract signing, enforcement and regulatory costs; Therefore, for many contracts related to low value transactions, this is a great rection in labor costs
Q: how to use smart contracts
if the central bank can issue legal currency through blockchain, it can also embed code into the behavior of issuing legal currency through smart contract technology, and this part of legal currency can be called "programmable currency". For example, if the Central Bank specifies that a certain part of the fund is issued to the agriculture related account, then it can write the corresponding proceres for this part of the fund, and specify that this part of the fund can only enter the agriculture related account, then this part of the fund can not be misappropriated to other accounts under any circumstances. If most currencies become "programmable currencies", then we can imagine that the financial environment they form will become "programmable finance"
what is digital currency
digital currency refers to the digitization of currency. Digital currency can be divided into two types: non cryptocurrency (e-gold, XRP) and cryptocurrency (bitcoin)
digital currency is often mistaken for virtual currency. But virtual currency refers to non real currency. For example, when you play "Three Kingdoms" (game) or "grand Voyage", you have money, and that money is virtual. Of course, the virtual money will also have its real value. For example, if you buy her / his account from another player, you can get all the virtual assets of that player, and then it will be much easier for you to continue playing
does a blockchain project need to have some kind of currency
A: No. Bitcoin itself is a payment system, so it needs a value measurement tool, so bitcoin must appear. In addition, in order to reward more people who are willing to contribute their computers to provide computing for the system, bitcoin is needed. In some private chain systems, special assets can be designed for transaction, and each node must participate

8. We must call the police. It's estimated that many people will be cheated. Let the police know; It's more appropriate to deal with it.

9. You can call the police, but digital currency is illegal in China and is not protected by law. Even if you catch a cheater, it is still a question whether you can get the money back

10. We can recover the loss through judicial protection and pay attention to XiaoCong's recovery