Financial accounting of digital currency

1. 1. digital currency contract, also known as futures contract. In short, it's business in the future. A standardized contract uniformly formulated by the exchange to deliver a certain quantity and quality at a specific time and place in the future. The vast majority of users use the margin system of futures contracts, add 10 or even 20 times leverage to leverage big funds, and then use the index fluctuation to buy low and sell high trading contracts, so as to earn double profits< 2. Perpetual contracts are derivatives. From the perspective of trading, it is similar to the traditional futures contract, but there are some differences. First of all, it has no maturity or settlement date. The perpetual swap contract is similar to a margin spot market, so its trading price is close to the underlying reference index price, which is different from the futures contract. Due to the basis, the trading price difference of the futures contract may be significantly different. Secondly, the main mechanism of anchoring spot price is capital cost< At present, rolling spot futures is the main form of perpetual contracts. Rolling contract is a kind of futures contract settled on the same day and automatically extended. Profit and loss are settled on each trading day, and the contract position held by traders will be automatically extended at the end of the trading day. In addition, the cash flow of assets will be exchanged, and the long investors will pay the capital cost to the short investors to compensate the capital cost of the short investors
3. Option contract is a kind of agreement, which can give traders the right to buy or sell assets at a predetermined price before a specific date or on a specific date. Option contracts are trading derivatives that can be based on a wide range of underlying assets, including stocks and cryptocurrencies. These contracts may also come from information such as financial indicators. Generally, option contracts are used to hedge the risk of existing positions and speculative transactions.

2. As for the business process and technology of digital asset trading system development, we thought for a long time that 80% of blockchain implementation needs business process changes, and 20% needs to find the technology behind it. In fact, a good project and a good market need the support of a strong technology research and development company. At the same time, you also need to have enough ambition to deal with the bottlenecks in the process of changing the business process. This month, the Hong Kong Securities Regulatory Commission (SFC) issued a new rule on digital assets, including the digital asset portfolio under the supervision of the SFC, and launched a "regulatory sandbox" plan for the digital asset exchange to study whether the digital asset trading platform can be regulated. The exchange development company believes that this news has a clear direction for those in the instry who need to manage digital assets and establish exchanges, and explore the sustainable development of digital assets and blockchain ecosystem. In the instry, doubts about digital assets and blockchain technology have been rising and falling, but the combination of blockchain and various applications has never stopped. Especially in Hong Kong, more market participants believe that this distributed network consensus mechanism is a disruptive technology. In view of the future development of exchanges, the key points of licensing adaptability are very beneficial to the global joint governance of the global market of digital assets. The entry of Wall Street tycoons such as the New York stock exchange means that the main force and "regular army" of professional level are running to enter the market to lay out digital assets, which indicates that bitcoin is more and more valued by professional financial investment institutions, and bitcoin will become more and more popular and be recognized and accepted by more people. The financial instry first embraces blockchain technology. This is mainly e to the high degree of centralization of traditional financial instry. There are a large number of centralized credit intermediaries and information intermediaries in the chain of traditional financial instry, which slow down the operation efficiency of the system and increase the cost of capital flow. Any "exchange" should be a big data company. In essence, it should be a data analysis company. It must know what time and space, what driving force, what transaction frequency, what expectation and what path users obtain information to decide the transaction
the foreign currency trading platform is built, and the blockchain digital currency exchange develops the following trading forms of blockchain exchange: 1. Price limiting transaction: price limiting buy / sell refers to that the user sets the price and quantity of a buy / sell currency, generates a commission order, and the system will automatically match the buy order and sell order in the market, Once the price set by the user is reached, the transaction will be executed automatically according to the priority of price and time. Yuanzhongrui exchange system development 2. Market price trading: market price buying refers to that the user only sets a total amount, generates the order, matches from the beginning of selling to the completion of the total amount. Selling at market price means that the user only sets the total number of currencies to be sold, generates a commission document, and matches it from the beginning of buying to the completion of the total number of currencies transaction. 3. Currency transaction: currency transaction is mainly aimed at the transaction between virtual currency and virtual currency, in which one currency is used as the pricing unit to purchase other currencies. The currency transaction rule is also to complete the matching transaction according to the price priority and time priority. 4. C2C transaction: both sides of the transaction release the transaction information of buying or selling coins on the C2C transaction platform according to the demand. The buyer and the seller complete the transaction offline according to the agreed payment method, and the platform, as an intermediary, charges a certain proportion of the handling fee from each successful transaction. 5. OTC OTC trading: it is a set of platform for offline purchase of digital currency independent of the exchange. Anyone can publish purchase / sale advertisements on the platform. The purchase / sale users can purchase / sell through offline transfer. After the transfer, the platform will transfer the frozen digital currency to the buyer
What are the characteristics of digital currency trading system 1) Digital currency trading system has rich functions, powerful and practical. The unique full interface functions of fast recharge, cash withdrawal, cash charging and cash withdrawal can provide customers with the most convenient means of fund transfer 2) Using the blockchain technology, and in-depth running safe and reliable price limit, market price, plan three transaction modes, a variety of free combination of transaction modes, fully covering the needs of users, using exclusive advanced algorithm to complete the transaction automatically 3) Digital currency trading system platform back office proprietary accounting mechanism to monitor the funds of all users, as well as multi-dimensional exclusive reports, to ensure that the funds are accurate. The so-called development of digital currency trading system can also be called a development project with blockchain technology as the core and other technologies as the auxiliary. You should also understand this sentence. In fact, blockchain technology is the most important technology in the development of trading system 4) Proprietary powerful log management to fully grasp the system state, to ensure the stability and security of the system 5) Digital currency trading system features user-defined settings, free and flexible system configuration and dynamic management of the foreground website, which brings great convenience to the use of the platform 6) Procts can use the existing virtual digital currency in the market, or can be customized according to their own needs, and then issue a variety of different algorithms of virtual digital currency, using the unique hot and cold wallet multiple encryption storage technology to ensure the security of virtual digital currency. Foreign currency exchange platform construction and blockchain digital currency exchange development

3.

If it is legal tender, then it has no effect. For example, the non legal tender issued by the central bank is regarded as a financial asset. It has little impact on the tax system

it has a subversive potential impact on accounting practice. Those who try to cheat on tax should be careful. In theory, you can analyze those evasive behaviors that you have done at almost zero cost

if digital currency is widely accepted and can play the role of currency, it will weaken the effectiveness of monetary policy and bring difficulties to policy-making. Because digital currency issuers are usually unregulated third parties, money is created outside the banking system, and the amount of circulation depends entirely on the wishes of the issuers. As a result, the money supply is unstable. In addition, the authorities are unable to monitor the issuance and circulation of digital currency, which leads to the inability to accurately judge the economic operation and brings trouble to policy-making, At the same time, it will weaken the effectiveness of policy transmission and implementation

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various bill market businesses based on commercial bills are growing rapidly, and bill financing procts have become a hot field of Internet financing. However, about 70% of the current domestic bill business is still paper transactions, and supply chain finance also relies heavily on labor costs

in the future, if we realize the digital monetization of bills and adopt the blockchain transaction, we will make the bills, funds, financial planning and other related information more transparent. With the help of intelligent contract, we can generate an unforgeable, open and unique electronic contract between the borrower and the borrower, and directly realize the point-to-point value transfer, without the need for specific physical bills or central system for control and verification, It can prevent selling more than one vote, track the flow of funds in time, protect the rights of investors and rece the cost of regulators

4. What is the impact of setting currency on the accounting instry? First of all, setting up the emergence of currency, let's have a clear effect on the systematicness, convenience and purpose of the whole currency

5. It's easy to enter the currency circle. Just find a large trading platform and open an account. I suggest you go to the okex exchange. The security is the best in the circle. After opening an account, first practice with small money, know some basic things, such as legal currency trading, how to pick up money and charge money. After having a basic understanding, go to bitcoin websites all over the country to learn the technology and strategy of trading.

6. This is no problem for you, but it needs to be calculated according to the real-time price exchange rate. For example, HT exchange eth:
at 17:53 on November 11, 2019, ETH's data in Manchuria is 185.68 US dollars and HT's is 3.76 US dollars. We need to exchange our HT into eth. We can choose HT transaction to exchange directly with the special zone. The conversion formula is: (HT / usdt) / (ETH / usdt)

7.

1、 Accounting: also known as accounting reflection, it takes currency as the main measure to reflect the capital movement of the accounting body

1. It mainly refers to the post accounting of the economic activities that have occurred or completed by the accounting body, that is, the general term of bookkeeping, accounting and reimbursement in accounting work

Reasonable organization of accounting forms is an important condition for accounting work, which is of great significance to ensure the quality of accounting work, improve the efficiency of accounting work, prepare accounting statements correctly and timely, and meet the needs of relevant accounting information users

Second, accounting function:

1. The accounting function of modern accounting is not only to reflect economic activities afterwards, but also includes pre accounting, in-process accounting and post accounting. The main forms of pre accounting are forecasting, participating in planning and decision-making; The main form of business accounting is to intervene in economic activities; The main forms of post accounting are bookkeeping, reimbursement and accounting

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1. The principle of objectivity refers to that the accounting must be based on the actual economic business and the legal documents reflecting the economic business, reflect the financial situation and operating results after entering the market, and make the content true, the number accurate and the data reliable. The principle of objectivity is the basic quality requirement of accounting and accounting information

The principle of relevance means that accounting should meet the needs of accounting information. The data generated by accounting should meet the needs of national macroeconomic management, the needs of all parties concerned to understand the financial situation and operating results of enterprises, and the needs of enterprises to strengthen internal management

The principle of comparability refers to that the accounting must be carried out according to the prescribed processing method, which means that the accounting information caliber is consistent and mutually comparable. To ensure the comparability of accounting information is concive to economic management and macroeconomic decision-making

The principle of consistency refers to that the accounting treatment methods and proceres adopted by the enterprise must be consistent in each period before and after, and the enterprise shall not change the accounting treatment methods and proceres at will under normal circumstances. The principle of consistency is based on the principle of comparability, which guarantees the realization of the principle of comparability