Digital currency belongs to capital market

1. digital currency is in its own name and account, which is its own assets. The digital currency issued by the state is endorsed and guaranteed by the national credit, unlike bitcoin.

2. It is illegal to buy and sell digital currency in China
according to the announcement on preventing the financing risks of token issuance jointly issued by the central bank and other seven ministries and commissions, the announcement points out that any so-called token financing trading platform shall not engage in the exchange business between legal tender and token and "virtual currency", and shall not buy or sell tokens or "virtual currency" as a central counter party, It is not allowed to provide pricing, information intermediary and other services for token or "virtual currency"
the announcement points out that token issuance financing refers to the so-called "virtual currency" raised from investors through the illegal sale and circulation of tokens. In essence, it is an unauthorized illegal public financing behavior, suspected of illegal sale of token bills, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal criminal activities<
extended information:
the central bank said that the so-called "digital currency" in the market is not legal digital currency:
the central bank's gold and silver Bureau issued a "risk warning on issuing or promoting digital currency in the name of the people's Bank of China" on its official website, saying that recently, indivial enterprises falsely used the name of the central bank and labeled relevant digital procts as "authorized issuance of the people's Bank of China", Or they falsely claim that the central bank's digital currency promotion team is trying to deceive the public and make huge profits
the central bank said that the central bank 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. The central bank also suggested that 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
in fact, virtual currencies such as bitcoin and lightcoin are representatives of the so-called digital currency. The central bank said in 2016 that it was studying China's legal digital currency. Yao Qian, director of the digital currency Research Institute of the people's Bank of China, previously told the media that the prototype scheme for the central bank to issue legal digital currency has completed two rounds of revision, and is expected to be tested in relatively closed application scenarios such as the bill market in the future, but there is no clear timetable for its launch
reference source: Xinhuanet - has anyone issued digital currency in the name of the central bank
source of reference: China Securities Regulatory Commission - Announcement on preventing financing risks of token issuance

3. 10 digital currencies, 9 Scams

4. Yes,
since digital currency is not the currency initiated and approved by the central bank, it can not be banned. Digital currency belongs to digital assets, which can be freely traded between indivials. So digital currency is not an x-sale, not a capital disk, but a financial investment.

5.

As a blockchain digital currency practitioner to answer:

just two days ago, someone asked the same question as you. If you encounter a problem, you should understand it first. If you don't understand it, you can look up information online or ask online, but you can't just encounter your own knowledge blind area and think that it's either pyramid selling or fraud

PMD now belongs to the secondary market trading currency, which can make money according to the market

7. This should be a capital disk. There is no BLC digital money fund in the mainstream currency circle. This kind of fund is basically for the purpose of money, without any value
it is suggested to choose the mainstream digital currency trading platform to invest in some well-known digital currencies. Since 2013, the popular digital currencies are bitcoin, Leyte coin, Puyin, doggy coin and so on.