Is it illegal to carry bricks and arbitrage with digital currenc
It's illegal
First, digital currency ICO is illegal in China.
in September 2017, the people's Bank of China issued an announcement on preventing the financing risk of token issuance, which formally determined that ICO is illegal financing without approval, and no organization or indivial is allowed to participate
later, it was announced on April 23, 2018 that the left and right digital currency ICO platforms had all withdrawn from the Chinese market, so the current ICO is illegal in China
Second, digital currency exchange is prohibited in China.
after announcing that ICO is an illegal financing activity, the central bank also listed services such as trading, exchange, pricing and information intermediary for virtual currency as prohibited items, which means that digital currency exchange is illegal in China
all trading platforms, including bitcoin China, okcion and fire coin, announced in 2018 that they would stop the RMB recharge business and graally shut down their trading platforms. As of April 2018, all digital currency exchanges had completely withdrawn from the Chinese market
digital currency generally has a special digital currency exchange. We can buy the digital currency we need in our digital currency exchange
we can buy from our friends in addition to the exchange. If a friend has something, you can discuss and ask if he can sell it to you
we can buy our digital currency from traders nearby if we need more
we accept payment by digital currency payment service. If we open a physical store, we can support payment by digital currency, so we can also get our digital currency
finally, we can get digital currency by mining, and we can get digital currency by equipping mining machine to work mining, such as investing more hardware
digital currency trading: it can be traded only after RMB or digital currency is recharged in a third-party digital currency exchange
purchase of digital currency: no matter how many coins you buy, there is no limit. For example, if bitcoin is 100000 yuan, you can buy 0.0001, and there is no limit on how many coins you can buy or sell
digital currency trading time: 365 days a year, 24 hours a day, can be traded
legal. Virtual currency mining to make money, digital currency hoarding to make money, virtual currency speculation to make money, digital currency move bricks arbitrage to make money, open a digital currency trading platform, charge fees are good ways to make money 1, virtual currency mining to make money : This is the most original way to make money with virtual currency. Through the purchase, rent, or self-assembly of mining machine, installation and operation of specific mining program software, 24 hours a day continuously running mining. The earlier the project, the more opportunities there are for mining, and the greater the harvest. For example, bitcoin, now the cost of mining is higher and higher, but the bitcoin is less and less. Therefore, the best way is to find projects that contribute to the development of world blockchain in advance, and get involved in mining as soon as possible to obtain early dividends. Then hoard the money and wait for the later appreciation before selling it 4, digital currency move brick arbitrage to make money : in the field of digital currency, there is a way to make money without losing money, that is move brick arbitrage. The digital currency transaction led by bitcoin is a pure market behavior, which is not regulated by the financial system of any country or region. The digital asset itself is encrypted, but it is multi-party proof, at the same time, it is completely transparent, and anyone can query it 5, open a digital currency trading platform and charge a handling fee . These are basically the profit models of mainstream digital currencies such as bitcoin, Ruitai coin and Laite coin. Virtual currency investment is risky, and there is no limit on the rise and fall of stocks in virtual currency, so it needs to be cautious to invest in virtual currency. At present, Ruitai coin, Weimeng coin and Ethereum perform well in the market
See how you push the digital currency project
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Arbitrage, also known as "interest arbitrage", is not illegal
There are two main forms ofArbitrage:
(1) no arbitrage. That is to use the interest rate difference between the two countries' capital markets to transfer the short-term funds from the low interest rate market to the high interest rate market, so as to obtain the interest margin income
(2) arbitrage. That is to say, when the arbitrager transfers short-term funds from land a to land B for arbitrage, he uses forward foreign exchange transactions to avoid the risk of exchange rate changes Arbitrage will change the relationship between supply and demand of different capital markets, make the interest rates of short-term funds tend to be the same, narrow the difference between the short-term exchange rate and forward exchange rate, and keep the balance between the interest rate difference of capital market and the exchange rate difference of foreign exchange market, thus objectively strengthening the integration of international financial market However, a large number of arbitrage activities will lead to the large-scale international movement of short-term capital and aggravate the turbulence of the international financial market
extended data:
arbitrage trading mode is mainly divided into four types, namely: stock index futures arbitrage, commodity futures arbitrage, statistics arbitrage and option arbitrage
1. Stock index futures arbitrage
stock index futures arbitrage refers to the behavior of taking advantage of the unreasonable price existing in the stock index futures market, participating in the trading of stock index futures and stock spot market at the same time, or trading index contracts of different periods and different (but similar) types of stocks at the same time, so as to earn the price difference. Stock index futures arbitrage is divided into spot arbitrage, intertemporal arbitrage, cross market arbitrage and cross variety arbitrage
Commodity futures arbitrage is similar to stock index futures hedging, commodity futures also have arbitrage strategy, when buying or selling a certain futures contract, sell or buy another related contract, and close the two contracts at a certain timein the form of transaction, it is similar to hedging, but hedging is to buy (or sell) physical goods in the spot market and sell (or buy) futures contracts in the futures market; However, arbitrage only deals in futures market, and does not involve spot trading. There are four types of commodity futures arbitrage: spot arbitrage, intertemporal arbitrage, cross market arbitrage and cross variety arbitrage
Statistical arbitrage is different from risk-free arbitrage. Statistical arbitrage is a kind of risk arbitrage by using the historical statistical law of securities price. Its risk lies in whether this historical statistical law will continue to exist in the futurethe main idea of statistical hedging is to find out several pairs of investment varieties (stocks or futures, etc.) with the best correlation, and then find out the long-term equilibrium relationship (cointegration relationship) of each pair of investment varieties. When the price difference of a pair of varieties (the resial of cointegration equation) deviates to a certain degree, we start to build a position - buy the relatively undervalued varieties When the price difference returns to equilibrium, the relatively overvalued short sellers can take profits
the main contents of statistical hedging include stock matching trading, stock index arbitrage, securities lending hedging and foreign exchange arbitrage trading
Option arbitrage, also known as option, is a derivative financial instrument based on futures. In essence, the option is to price the rights and obligations separately in the financial field, so that the assignee of the right can exercise his rights within a specified time for whether to carry out the transaction, while the obligor must performin the transaction of options, the party who purchases the options is called the buyer, while the party who sells the options is called the seller; The buyer is the assignee of the right, while the seller is the obligor who must perform the buyer's right
the advantage of options is that the return is unlimited and the risk loss is limited. Therefore, in many cases, using options to replace futures for short and arbitrage trading will have less risk and higher yield than using futures arbitrage alone