How to exchange Ethereum currency for RMB
Take bitcoin to the OTC platform and sell it in RMB
Usdt is TEDA currency and cannot be converted into RMB Notice on carrying out self inspection and rectification of payment services for illegal virtual currency transactions all Payment institutions within the jurisdiction shall carry out self inspection and rectification, strictly prohibit providing services for virtual currency transactions, and take effective measures to prevent payment channels from being used for virtual currency transactions
TEDA currency is a virtual currency that links cryptocurrency with legal currency US dollar. Each TEDA coin is symbolically associated with government supported legal tender. TEDA currency is a virtual currency kept in the foreign exchange reserve account and supported by legal tender. This method can effectively prevent the price fluctuation of cryptocurrency. Basically, the value of a TEDA currency is equal to US $1
on January 16, 2018, among the top 50 cryptocurrencies in global value, most of the digital virtual cryptocurrencies suffered a sharp drop in price, but the price of TEDA currency rose against the trend. The price of TEDA was $1.04, up 3.23% from the previous day, with a total market value of $1.69 billion. In addition to TEDA, most virtual currencies, including bitcoin, Ethereum, and lightcoin, have experienced sharp declines
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in 2017, the regulatory authorities issued the notice on preventing the financing risk of token issuance, which clearly pointed out that financial institutions and non bank payment institutions are not allowed to carry out business related to token issuance financing transactions. All financial institutions and non bank payment institutions shall not directly or indirectly provide procts or services such as account opening, registration, trading, clearing and settlement for token issuance and financing and "virtual currency", nor undertake insurance business related to token and "virtual currency" or include token and "virtual currency" into the scope of insurance liability
the Internet Finance Association of China issued the risk tips on preventing ICO activities in disguised form, calling on consumers and investors to recognize the essence of relevant models, enhance risk prevention awareness, invest rationally, and not blindly follow the trend of speculation. Previously, blockchain technology was once sought after by a number of listed companies and the capital market, but it also led to questions about whether it was over hyped and "stepping on the red line"
1. Open cbibank.com (cbibank)
2. Submit the information required for registration step by step
3 Choose to exchange the currency you want
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Article 14 of the detailed rules for the implementation of the measures for the administration of indivial foreign exchange stipulates the relevant regulations on the remittance of domestic indivial foreign exchange abroad for current account expenditure
if the accumulated value of foreign exchange in and out of the foreign exchange savings account is less than US $50000 (inclusive) on the same day, it shall be handled in the bank with my ID card; If the amount exceeds the above amount, the authenticity voucher with transaction amount under current account shall be handled<
hand held foreign currency cash is worth less than 10000 US dollars (inclusive) on the day of outward remittance, and it shall be handled in the bank with my ID card. If the amount exceeds the above amount, it shall be handled with the authenticity certificate of transaction amount under current account, declaration form of luggage and articles of inbound and outbound passengers signed by the customs of the people's Republic of China, or foreign currency cash withdrawal document of my original deposit bank
in addition, the annual limit for the settlement and sale of foreign exchange for indivial residents is US $50000
if you have a large amount of foreign currency certificate of deposit that needs to be remitted overseas, more than US $50000, you need to provide authentic transaction history documents. There are strict regulations on foreign exchange. You don't want to remit as much as you want.
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1. Choose a bank, although the simple exchange of foreign exchange is not charged, but the bank is to make a difference. Because of the fluctuation of the exchange rate, the foreign exchange quotation of the bank is also fluctuating, and there will be a little difference between each other's prices
2. When exchanging foreign exchange, you need to bring your ID card and account book, but not all outlets undertake the exchange business. The bank outlets that can exchange foreign exchange will have a green currency exchange sign. If you are not sure, you can ask the staff
3. The current foreign exchange quota in China is that each person can exchange up to US $50000 or other forms of foreign currency a year. If the amount exceeds the quota, some special application proceres need to be handled. Of course, you can also use the amount of other people to exchange
4. Online banking can also exchange foreign exchange at home. CMB and BOC have related business, but the premise is to open online banking
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exchange method
for those who are new to the foreign exchange market, it is difficult to understand the price of one currency relative to another. However, when we exchange currencies, this becomes very easy to understand. Let's give a very simple example to illustrate, As you know, a pound can buy a bottle of Coca Cola. How do traders know that a pound is equal to $1.50, 10 yuan or 1.20 euro
Generally speaking, the price of money represents the economic health of a citywhen the British economy is in good shape, the value of the pound will become higher relative to other currencies. Therefore, when the value of the pound increases and every company, government and indivial in the UK invests more and more pounds, everyone will want to get more pounds
that is to say, just like when the British economy is better, the value of the pound is higher. In this way, the pound is more valuable than other economies. On the other hand, if the growth rates of the two countries are the same, their currency values may also be the same, so their foreign exchange ratio may remain unchanged
investors can predict the future trend by reading the news, and can invest in this currency through currency dealers. If the fact is better than expected, then the currency will increase in value and investors will make profits