Is KTR a digital currency
At present, it is not officially recognized in China, and the specific legal documents have not been issued
The English name of kitcoin is kitcoin, which belongs to the third generation cryptocurrency in architecture, and combines the concepts of original mode, profitability, security and payment. KTC is essentially bitcoin, a virtual currencyaccording to the regulations on the administration of RMB, the proction and sale of token tickets are prohibited. Because there is no clear judicial interpretation of the definition of token ticket, if bitcoin is included in the "token ticket", the legal prospect of bitcoin in China will face uncertainty
the notice of the Ministry of culture and the Ministry of Commerce on strengthening the management of virtual currency of online games (Wen Shi Fa [2009] No. 20) on June 4, 2009 stated that the application scope of virtual currency of online games was defined for the first time, and the distinction between the current virtual currency of online games and the virtual props in the game was made; At the same time, the notice said that the "notice" stipulates that enterprises engaged in related services must be approved before they can operate
in 2013, the central bank issued the notice on prevention of bitcoin risk, and then it came out that the central bank interviewed more than 10 persons in charge of third-party payment companies, explicitly requiring them not to provide payment and clearing services to bitcoin, lightcoin and other trading websites. The price of bitcoin in China has dropped all the way from about 7000 yuan to 3300 yuan. More analysis said that bitcoin will withdraw from China
this is a kind of investment, and the risk is great, even in our country is not recognized by the state, so we need to be more cautious
extended materials
to prevent the possible money laundering risk of bitcoin
all branches of the people's Bank of China should pay close attention to the trend and trend of bitcoin and other similar virtual commodities with anonymous and cross-border circulation convenience, carefully study and judge the money laundering risk, and study and formulate targeted preventive measures. All branches shall bring into anti money laundering supervision the institutions established according to law and providing bitcoin registration, trading and other services within their jurisdiction, and urge them to strengthen anti money laundering monitoring
Internet stations that provide bitcoin registration and transaction services should fulfill their obligations to fight money laundering, identify users' identities, and require users to register with real names, register name, ID number and other information. p>
all financial institutions, Payment institutions and Internet websites providing bitcoin registration, trading and other services should report to China Anti Money Laundering Monitoring and Analysis Center immediately if they find suspicious transactions related to bitcoin and other virtual commodities, and cooperate with the anti money laundering investigation activities of the people's Bank of China; If any criminal activity clues such as fraud, gambling, money laundering are found using bitcoin, they should report to the public security organ in time
opponents of bitcoin accuse mining of wasting a lot of resources to make meaningless coin toss, while supporters take gold mining as an example. For the bitcoin system, the biggest significance of this kind of resource consumption mining is: to distribute 21 million initial bitcoins fairly, just like to consume resources to dig gold, the only way to distribute initial bitcoins fairly is to consume resources to dig bitcoins
bitcoin has thousands of plagiarists, competitors and improvers because of its open source code. Generally, those who simply and imitate bitcoin are called Shanzhai coins, and those who add certain new features to bitcoin are called competitive coins. Some coins add other functional moles such as smart contract to bitcoin, and call themselves "second generation coins". These thousands of coins try all the initial coin distribution modes you can imagine, such as the average distribution of the initial coin to each Icelandic, the distribution of the initial coin to the nextcoin of 73 crowd funding participants, and the slow distribution of the majority of the initial coin by the developer
but the fairness of all these ways of distributing initial coins is far weaker than the mode of burning money to obtain initial bitcoin, and fairness is the core problem of a monetary system. Therefore, although bitcoin mining consumes a lot of resources, it is a reasonable economic behavior just like consuming resources to mine gold.
As of February 6, 2019, KTR is not officially recognized, and the specific legal documents have not yet been issued
The English name of KTC is kitcoin. In terms of architecture, it belongs to the third generation of cryptocurrency and combines the concepts of original mode, profitability, security and payment. KTC is essentially bitcoin, a virtual currency. KTC is an authorized third-generation digital asset in Hong Kong. It was listed on NASDAQ in March 17. Kitcoin, the third-generation encrypted digital asset, announced its open source code to the world on NASDAQin 2013, the central bank issued the notice on prevention of bitcoin risk, and then it came out that the central bank interviewed more than 10 persons in charge of third-party payment companies, explicitly requiring them not to provide payment and clearing services to bitcoin, lightcoin and other trading websites. The domestic price of bitcoin has dropped all the way from about 7000 yuan to 3300 yuan, and some analysts say that bitcoin will withdraw from China
It is a kind of investment with great risk, and even is not recognized by the state in our country, so we need to be more cautiousextended information:
notice on the prevention of bitcoin risk
1. Correctly understand the attributes of bitcoin
bitcoin has four main characteristics: no centralized issuer, limited total amount, no geographical restrictions and anonymity. Although bitcoin is called "currency", it is not a real currency because it is not issued by the monetary authority and has no legal compensation and mandatory monetary attributes
in nature, bitcoin should be a specific virtual commodity, which does not have the same legal status as currency, and cannot and should not be used as currency in the market
At present, financial institutions and Payment institutions are not allowed to price procts or services based on bitcoin, buy or sell bitcoin or act as central counterparties, underwrite insurance business related to bitcoin or include bitcoin into the scope of insurance liability, It is not allowed to provide other bitcoin related services to customers directly or indirectly,including: providing bitcoin registration, trading, clearing, settlement and other services to customers; Accept bitcoin or use bitcoin as a payment and settlement tool; Carry out bitcoin and RMB and foreign currency exchange services; Carry out bitcoin storage, custody, mortgage and other services; Issuing financial procts related to bitcoin; Take bitcoin as the investment target of trust, fund, etc
Third, strengthen the management of bitcoin Internet sites.
according to the telecommunication regulations of the people's Republic of China and the measures for the administration of Internet information services, Internet sites providing bitcoin registration, trading and other services shall be filed with the telecommunications regulatory agency
according to the identification and punishment opinions of the relevant administrative departments, the telecommunications regulatory agencies shut down the illegal bitcoin Internet stations in accordance with the law< br />
KTC is a virtual currency similar to bitcoin.
2. One K is equivalent to RMB 0.1
3. K-coin is divided into ordinary k-coin and value-added k-coin in Kunming hotline user account
4. Ordinary k-coin refers to the k-coin given to users by Kunming hotline or obtained by calling 16896567, which is collectively referred to as ordinary k-coin. Ordinary k-coin can enjoy most of the value-added services provided by Kunming hotline, but it can not be used for the purchase of actual goods
5. Value added k-coin refers to the k-coin actually purchased by users through online banking or marketing channels, which is collectively referred to as value-added k-coin. The value-added k-coin can enjoy all the value-added services provided by Kunming hotline, and can purchase the actual goods on Kunming hotline
6. Without special explanation, k-coin refers to the general name of value-added k-coin and ordinary k-coin; K & quot
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