Digital currency law forum

1.

It's illegal

the central bank indicated that it has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency

In addition, the so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud

extended information:

virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. This kind of virtual currency is mainly limited to circulation in a specific virtual environment. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency

in 2013, the central bank, together with five ministries and commissions, issued the notice on prevention of bitcoin risks, which clearly defined non legal digital currencies such as bitcoin as virtual commodities, which do not exist in the form of currency and legal currency

2.

We need to call the police. This belongs to currency fraud. We can't blindly trust the virtual investment platform that can easily earn a lot of money. Fraud gangs often use "small investment, big income" as t to let investors taste the sweetness first and then increase investment, so as to achieve the purpose of fraud

at present, the so-called "digital currency" in the market is not legal digital currency. The so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud. It is necessary for the general public to raise their risk awareness, invest rationally and prudently, and prevent the interests from being damaged

extended information:

five ways to distinguish whether digital currency is MLM currency. Virtual currency does not rely on specific monetary institutions to issue, it is based on a specific algorithm, generated through a large number of calculations, is a decentralized way of issuing. Each different terminal node is responsible for maintaining the same account book, and the maintenance process is mainly to package and encrypt the transaction information by the algorithm, while the MLM currency is mainly issued by a certain organization, and the profit is made by pulling the head

2. Transaction mode. Virtual currency is a kind of sporadic transaction formed spontaneously in the market. After the scale is formed, the third party graally establishes an exchange to complete the transaction. The MLM currency is issued by an institution and traded on its own platform

3. The virtual currency itself is an open source program, maintained in the GitHub community. The parameters and methods of the total amount limit are shown in the open source code. The open source of MLM currency is completely ing other people's open source code, and there is no use of open source code to build programs, so its essence is controlled by the website like Q currency

Whether the source code link is given. The general decentralized digital currency will give the source code link in the prominent position of the official website, so as to show the operation mechanism of the monetary system openly and transparently. What MLM currency focuses on is the transaction process of recharge purchase, not to mention its operation mechanism, and even the website does not have the link address of the source code

5. Whether the official website starts with HTTPS. In general, the addresses of the official website and trading website of decentralized digital currency begin with HTTPS. The purpose of this kind of website is to protect users' data from illegal theft. But the official website of MLM currency, trading website and other related websites do not start with HTTPS

3.

The people's Bank of China has not issued digital currency for the time being, so there is no legal digital currency in China at present. At present, digital currency has not been recognized in China, let alone legal

at present, all kinds of digital currencies circulating in the market are basically on the edge of the law. China maintains a neutral attitude, but does not like speculation, which is also the basic attitude of the central bank{ RRRRR}

< H2 > development materials

digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English and the alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency

4. ① They are willing to join the forum and build a platform for resource sharing with the forum
2. Agree to abide by the articles of association of the forum and the local laws and regulations of the forum
③ willing to fulfill the obligations of forum members and contribute to the development of the Forum
④ pay attention to the development of digital currency and blockchain, which has a certain influence in the field.

5. MGC is not legal, so there is a big problem with the model. There are a lot of such kinds of money. Digital currency is in a gray area in China, and the relevant legal supervision is lacking and imperfect. The only official definition of digital currency in China is bitcoin, which is defined by the central bank as a special Internet commodity. People can buy and sell bitcoin freely at their own risk. In China, it's legal as long as we don't use digital currency to do illegal things. Bitcoin, Ruitai coin, Weimeng coin, Laite coin and doggy coin, which are normal digital currencies, are often used by non developers.

6. Bloex is good. All the projects on the website are screened
moreover, the above contracts are based on the index, so the cost of bursting positions is high. It's not like okex is a dog farm, forced to explode.

7. There is no digital currency issue

8. Yes, it must be maintained regularly, but so far, digital currency is illegal and not allowed.

9. The bitcoin protocol itself cannot be modified unless almost all users work together to choose which software to use. It is unrealistic to try to give a regional authority special rights in the global bitcoin network rules. Any rich organization can choose to invest in mining hardware to control half of the computing power in the whole network, so as to achieve the freezing and cancellation of recent transactions. However, there is no guarantee that they will always have this capability, because the investment needs to be equal to the sum of other miners in the world
however, it is possible to regulate the use of bitcoin in a similar way to any other currency. Like the US dollar, bitcoin can be used for a variety of purposes, some of which can be considered legal or not in accordance with the laws of each jurisdiction. At this point, bitcoin, like any other tool or resource, will be subject to different regulations of each country. Under restrictive regulations, the use of bitcoin will also become very difficult. In this case, it is difficult to determine what proportion of users will continue to use the technology. Governments that choose to ban bitcoin will hinder the development of domestic enterprises and markets and transfer innovation to other countries. As always, the challenge for regulators is to develop effective solutions without compromising the development of emerging markets and companies
on December 5, 2013, the Central Bank of China and other five ministries and commissions issued the bitcoin risk notice, which clearly defined bitcoin as an Internet commodity.

10. After all, digital currency is still in the research stage. It may be far away from the issuing stage, and further efforts in technology and theory are needed. The central bank needs a lot of supporting systems to issue digital currency, which may take a long process
in the future, if the central bank starts to issue digital currency, the existing financial laws and regulations need to be revised.