Government's attitude towards digital currency

1. What are the current views of central banks on digital currency? Money is money. It's inflated now

2. It is not that dozens of countries recognize the existence of digital currency, but most countries in the world know the existence of digital currency. The existence of digital currency is a certain fact. Most countries in the world recognize the legitimacy of digital currency, but their attitude towards digital currency is conservative
digital currencies such as bitcoin, Ruitai coin, Laite coin and doggy coin were all the rage in China. Now it's becoming more rational.

3. The central bank is about to issue its own digital currency CBDC

4. At present, trading is prohibited to prevent the use of virtual currency fraud.

5. It's not illegal to issue digital currency in China. It doesn't need the next three years. Now people have already issued digital currency. For example, Ruitai, bitcoin, Yuanbao and sandcoin are all digital currencies issued by domestic companies. But if not

6. In September last year, the regulatory authorities identified ICO as illegal financing. The token does not have the monetary attributes such as legal compensation and compulsion, and does not have the same legal status as currency. ICO is suspected of illegal sale of token tickets, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities. And "all kinds of token issuance and financing activities should be stopped immediately."

7. The CFC classifies bitcoin and other virtual currencies as & quot; Commodities & quot; At the same time, each state has successively introced the digital currency regulatory laws and regulations to determine the regulatory framework of the digital currency instry.

8. At present, the government does not support or suppress it. As long as it is a formal good project, the government will graally accept it. It is said that EES is good

9.

At the G20 meeting, different countries held different views on digital currency, some strongly resisted it, and some actively supervised it. Now let's take a look at the attitudes of the G20 countries towards digital currency

In a statement, the Canadian Securities Regulatory Agency (CSA) said that considering the whole process of ICO issuance, many ICO tokens meet the definition of securities and require them to comply with the securities law. In addition, the CSA noted that ICOS may also be derivatives, subject to derivatives laws passed by Canadian securities regulators, including trade reporting rules. Regulators said they welcome companies that are about to conct ICO to enter the "regulatory sandbox" to test new financial procts in a limited environment

India

the securities and Exchange Commission of India is planning guidelines for the regulation of the bitcoin market in India. In addition, the securities and Exchange Commission of India set up a financial regulatory commission and held meetings with Reserve Bank of India (RBI) officials. The SEC also plans to regulate whether bitcoin derivatives and other cryptocurrencies are used to raise funds illegally