Malaysia digital currency M

1. It is not likely to be able to recover, which is generally voluntary participation, and the information of operators and Chuangshi team is generally confidential. When the scam is broken, it is very difficult to safeguard rights. What you can see is just a very small agent. It is suggested to negotiate to return the money. If you don't return the money, go to the police directly
however, if a virtual currency is cheated, it can't be recovered. Next time, keep a long memory. If you don't understand digital currency, don't play it. If you are interested, play bitcoin, Ruitai and Laite, which are mainstream digital currencies.

2.

Bank of Malaysia: it does not recognize or prohibit the public from deciding on the future of virtual currency

the president of the National Bank of Malaysia, dansri Muhammad Ibrahim, said that the concept document of cryptocurrency will be finalized this month, and the future of the virtual currency will be decided by the public

he mentioned that Malaysia's response is slightly different from that of some countries that have decided to ban cryptocurrency. Malaysia will not ban cryptocurrency at present, but let the market decide the future of cryptocurrency. The key is that our country must understand what is inside it

however, on September 28, Dato Mohamad zabidi bin Ahmad, senior director and global head of CIMB, Malaysia's second largest bank, attended the launching ceremony of an exchange called "urcoin" and publicly expressed the bank's support for it

It can be seen from this that although Malaysia does not affirm digital currency as its legal tender, it has selected some projects to support it, observe its development and prepare for the future legislation

3. These so-called imported digital currencies are generally unreliable. They are mainly promoted by the marketing mode. In fact, they have no value. The so-called concept of their publicity does not exist. There is no technical support. It is just a digital game. And these coins will often play under the banner of an international or a company to cheat
it is suggested to pay more attention to the mainstream digital currencies such as bitcoin, Ruitai coin, Laite coin and vitality coin.

4. This so-called Malaysian MBI has long been proved to be a pyramid scheme. Also dare to play, either you are bold, or you are trapped, deceive more people into you. If you're cheated, go to the police. Most of these coins are pyramid schemes. Bitcoin, Ruitai coin, Laite coin and doggy coin can be called digital currency.

5. In the final analysis, e-money is just conceptual money information. It is actually a special information composed of a group of data including the user's identity, password, amount, scope of use, etc., so it can also be called digital money; E-money is the virtualization of the value scale of real money and the function of payment means. It is a kind of money without monetary entity. Electronic currency is a kind of invisible currency based on highly developed electronic technology; It can be used to represent the currency value of various amounts in reality. With the transformation from paper-based economy to digital economy, e-cash will become the mainstream, which can be paid on the Internet or through other electronic communication methods. This kind of currency has no physical form and is the holder's financial credit.
whether electronic currency can be called currency depends on whether electronic currency can independently perform the function of currency. At present, e-money can play the role of payment and settlement, but e-money is only a quasi currency that may perform the function of currency.
e-money can be divided into two types: one is e-cash based on the Internet environment and keeps the binary data representing the value of money in the hard disk of the computer terminal; One is the electronic wallet that keeps the monetary value in the IC card and can be circulated without the bank payment system
therefore, from an economic point of view, the use of e-money can indeed rece the circulation of paper money

6. At present, digital currency has not been applied, and this problem does not exist for the time being. It is natural to repay debts when there are debts.

7. Malaysia MBA has long been proved to be an international pyramid scheme. I've seen relevant news reports before. Users can query by themselves. It is recommended to stay away from it. If you don't understand digital currency, you should stay away from it. If you are interested, you should pay attention to some valuable digital currencies. For example, bitcoin, dogcoin, decent
needless to say, bitcoin has been widely recognized and accepted in the world. Dog Coin focuses on small rewards and charitable donations; Decent is a distributed content publishing platform based on blockchain technology.

8.

Compliance is the general trend of the development of the digital currency instry. Although the supervision of digital currency in various countries is becoming more and more mature and strict, it is good for the long-term development of the instry. Only by providing a qualified and standardized market for digital currency can the instry develop healthily and the participants can enter on a large scale, In addition to a developed country taking the lead in the standardized development of digital currency, a number of minority countries and archipelagos are also following. They are actively using digital currency to upgrade and transform the original economic system, and are standing out on the road to the future of blockchain era

Malaysia updated its legal framework in 2018 and adopted cryptocurrency regulatory rules,. According to them, exchanges, exchanges and organizations that convert non statutory funds are referred to as "reporting agents.". Control in this area is vested in the National Central Bank (the National Bank of Malaysia) and the Securities Commission, the main regulator. It must regulate relationships within the ICO framework and issue licenses for the exchange of cryptocurrency

The change of digital money market is not only influenced by its own growing mature factors, but also by national policies. Looking around the world, countries have different policies on digital money, ICO and exchanges, but also have different regulatory attitudes towards digital money, It also directly determines the settlement choice, survival and development of blockchain project parties and enterprises related to digital assets, and whether the assets of digital currency holders are protected by law

9.

extended information:

denomination of RM1000, RM100, RM50, RM10, RM5 and RM1 were issued for the first time from 1967 to 1972

From 1972 to 1976, from 1976 to 1981, the second and third new banknotes were issued, with the same denominations as the first

From 1982 to 1983, new banknotes were issued for the fourth time, with new denominations of RM500 and RM20 added

From 1986 to 1989, the fifth edition of banknotes was issued, with ringgit of 1000, 500, 100, 50, 20, 10, 5 and 1 denomination

The denominations of banknotes in circulation up to now are RM100, RM50, RM20, RM10, RM5, RM1 and mints of RM50, RM20, RM10, RM5. One ringgit is 100 cents

10. Electronic money refers to the exchange of a certain amount of cash or deposit from the issuer and obtaining the data representing the same amount. By using some electronic methods, the data can be directly transferred to the payment object, so as to pay off the debt. Strictly speaking, consumers pay traditional money to the issuers of electronic money, and the issuers store the equal value of traditional money in the electronic devices held by consumers in electronic form
however, Malaysia's e-currency is unreliable, which has been reported by the media before. It is suggested to pay more attention to bitcoin, Leyte coin, Puyin and other mainstream digital currencies.