Is Ethereum regulated by law

1.

It is illegal to issue virtual currency privately

According to Article 29 of the regulations of the people's Republic of China on the administration of RMB, no unit or indivial is allowed to print or sell token tickets to replace RMB in circulation on the market

In addition, the "emergency notice of the State Council Office for rectifying unhealthy tendencies in the instry, the State Economic and Trade Commission and the people's Bank of China on prohibiting the issuance and use of various token certificates (cards)" also strictly prohibited similar issues

extended data

virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, q-coin of Tencent company, q-point and voucher of Shanda company, micro currency launched by Sina (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver grain (used for bixue Qingtian game), and popular digital currencies in 2013 include bitcoin, Laite coin, infinite coin, quark coin, zeta coin, etc Barbecue coins, pennies (Internet), invisible gold bars, red coins, prime coins. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"

market formation

the Internet has led to the emergence of a new market, which is a virtual market based on cyberspace. The Internet provides a lot of communication places for consumers, and also provides business market for enterprises. Enterprises must change from proct centered to service centered to customer centered. With the development of computer artificial intelligence technology and database technology, enterprises can conveniently collect customers' information, understand customers' needs in time, change business strategies and grasp economic arteries in real time

With the rapid development of computer and network communication technology, the application of Internet technology has graally penetrated into various fields of human activities, and the unlimited business opportunities that it contains make businesses turn their eyes to e-commerce. E-commerce is penetrating into all aspects of social and economic life at a speed that people can hardly imagine

the traditional finance is also closely watching this irresistible trend of global economic integration and networking. As a result, value-added services take art as the selling point and can be regarded as commodities; The sword in the game is not a brand-new financial services business philosophy - e-finance came into being

from the historical development process, to understand e-finance, we must start from the electronic finance and e-commerce. The so-called e-financialization means that financial enterprises adopt modern communication, computer, network and other information technology means in addition to Internet technology to improve the work efficiency of traditional financial service business, rece operating costs, realize the automation of financial business processing, informatization of financial enterprise management and scientific decision-making, and provide customers with faster and more convenient services, And then enhance the financial enterprise is the behavior of market competitive advantage

e-finance is a transcendence of financial electronization. Different from the electronic finance, the main technical basis of e-finance operation is the increasingly perfect Internet technology. Due to the characteristics of global connectivity, openness, quickness and low marginal cost of Internet technology, e-finance strengthens the restructuring and innovation of financial services business based on Internet technology, so that customers are free from the restrictions of business hours and places, and enjoy all kinds of high-quality and low-cost services provided by financial enterprises anytime and anywhere

with the development of Internet, the form of money is becoming more virtual, and there is an electronic money that only exists in the form of electronic signal

reference source: Network: virtual currency

2.

At present, there are many channels for domestic users to buy Ethereum. Here are some common channels:

< H2 > 1. Coincola is an over-the-counter trading platform for indivials to trade bitcoin

coy Cola is affiliated to Hong Kong coincola limited, which is developed and operated by a professional international team, focusing on providing convenient and reliable blockchain services for global users. Coincola gathers global users and is committed to building a world-class blockchain asset platform

in coy cola, people from different countries can buy bitcoin with their own currency. The seller of the website publishes the advertisement of selling bitcoin, and explains the payment method and exchange rate. You can choose to trade directly online according to the content of the advertisement. Bitcoin is stored in Ke Ying Cola's Internet wallet. You can transfer bitcoin directly

2. How to buy eth

< UL >

register the coincola account, and then click "buy" in the top menu of the home page to enter the advertisement list page

select the appropriate advertisement from the advertisement list and click "buy eth" to enter the transaction page

enter the amount of money to be purchased or the number of digital currency (please understand the message information of the other party, payment method, and transaction instructions of the platform before entering), click buy now, and the order confirmation pop up. After checking and confirming the information, click confirm purchase to enter the order page

in the chat box of the platform, you can inquire whether the other party is online according to the template statement, and make offline payment according to the collection information and collection method provided by the other party

after the completion of offline payment, click the mark that the payment has been completed at the first time (please complete this operation within 15 minutes at the beginning of placing an order, so as to avoid the payment cannot be recovered e to the cancellation of the order e to overtime), and then customize the input information in the chat box to confirm the payment and ask the seller to confirm the collection and release the digital currency

the progress bar in the top column shows that the goods have been received, indicating that the digital currency has arrived in the wallet. Make comments according to the seller's behavior, and click submit to complete the transaction

< / UL > < H2 > 2. C2C trading on trading platform

with the rapid increase in the number of trading platforms and competitive pressure, many trading platforms will have their own C2C trading. Here we take the relatively large ZB trading platform as an example to illustrate

What is C2C

C2C transaction is a customer to customer transaction, which is guaranteed by the transaction platform. There are many such platforms, such as: Fire coin, otcbtc, bitpai OTC, etc., which are guaranteed by the platform and traded between users. We can simply understand it as: our shopping situation on Taobao is the same as that. In case of dispute, the platform will arbitrate. As long as the transaction is carried out according to the normal process, the security of the transaction is guaranteed

2. ZB's C2C business

ZB platform has two choices: QC and usdt. The basic logic is the same. There are many usdt platforms. QC is the feature of ZB, EXX and other platforms. Here we focus on QC

< H2 > about QC

QC is a token. At present, you may know more about usdt and bitcny. At present, there is a special area for QC transaction on ZB. Simply put, QC can buy all other digital currencies (BTC, ETH, EOS, etc.) on ZB. Therefore, after purchasing QC with RMB recharge, you can conct currency transaction on ZB station

The advantage of the < H2 > QC token is that the exchange ratio between the < H2 > < UL >

and RMB is 1:1, which is easier to convert

purchasing other tokens with QC can be directly understood as purchasing RMB, and has an intuitive understanding of the currency price

it takes about half an hour to get to the account. It will take about two hours to get to the account in congestion

ZB platform is relatively reliable, and the reputation of ZB is still very good in the past

How to operate C2C of ZB

< UL >

log in to ZB trading platform and click "C2C trading" on the page

to get to the QC transaction page, you need to first bind your bank card. Then, in the buy QC interface, enter the quantity of QC you want to buy. At present, the ratio of QC to RMB is 1:1. Enter the purchase quantity and click "buy now"

after clicking "buy now", you will be prompted to complete the payment within 30 minutes. At the same time, payment information is generated. Please note that the payment must be made according to the prompt

< / UL > < H2 > official statement:

business processing time 9:00-21:00. Non processing time orders will be processed at 9:00 the next day, and the payment will be completed within 24 hours after receiving the order

this means that the merchant you paid will transfer QC coin to your account within 24 hours. According to my experience, you can get to the account in 2 hours ring the day

< H2 > the following points should be paid attention to:

1) make sure to use the newly bound bank card for transfer and payment

2) note information (that 6 digit) must fill in

3) do not use Alipay, WeChat and other transfers. p>

4) do not fill in the opposite account incorrectly

< UL >

about 1-2 hours, you can check whether your QC has arrived in the financial center

after the account is received, you can trade in the "QC" zone of the "spot trading". You can choose the transaction you want to buy and buy the order

3.

There is no official recognition of any virtual currency in China. There is also no legal virtual currency

virtual currency is the proct of network, and the flow of digital information in the network is beyond everyone's control. The code of cyberspace is the basis of the operation of virtual currency, investors can only operate through the front-end interface, seemingly "control" the virtual currency. The operator of the virtual currency service organization may become the actual controller of the virtual currency through the control code

bitcoin and other so-called "virtual currencies" lack a clear value basis, the market is full of speculative atmosphere, the price fluctuates violently, and investors blindly follow suit, which is easy to cause capital losses. There is no legal basis for the establishment of various so-called "currency" trading platforms in China

the establishment of all kinds of bitcoin trading places has neither been approved nor supervised. To enlarge the scale of transactions, it is necessary to provide leveraged transactions such as financing and melting coins, which has aggravated the price shocks and bubbles. The public has participated in such transactions without any legal protection. p>

extended information:

virtual currency is not issued by the monetary authority, does not have monetary attributes such as compensatory and mandatory, does not have the same legal status as currency, and cannot be used as currency in the market. In essence, the issuance and financing of virtual currency is a kind of illegal public financing without approval. It is suspected of illegal sale of token tickets, illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities. Investors should not be carried away by "high income"

There are many hidden risks in virtual currency, which seriously affect the financial order. Virtual money pyramid selling breaks through the limitation of traditional geographical space, and if there is a formal company facade as a cover, it can publicize the company on a large scale, and the propagation speed is amazing. If it can not be found and dealt with in time, it will cause great destructive power. In the future, the regulatory agencies can study and explore the relevant business models of virtual currency trading within the scope of controllable risk, improve the regulatory scheme, and promote the long-term regulatory mechanism

4.

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

5.

1. about the variability of blockchain

2. eth, if most people agree to modify the chain, that is, variability, then they can modify the blockchain records and contracts

3. etc, blockchain records and contracts can't be modified, that is, they can't be tampered with

4. here are the advantages and disadvantages of the two methods

   The advantage of

5. variability is that people can make timely changes to make the right decisions. Therefore, modifying the specification is more practical than finding loopholes

6. non modifiability means that no matter how smart people are at that time, it is impossible not to make mistakes. Therefore, when problems arise in this scheme, it is best to find and solve the loopholes through the existing legal framework

7. differences in development

8. eth, whether it is intentionally arranged or since its birth, the core decisions of blockchain are made by Ethereum foundation with the participation of the community and most of them are developed by it

9. etc, the decision-making of blockchain is mainly decided by the feedback of three loose, collaborative teams with community participation

10. in any case, anyone can put forward improvement suggestions for the two kinds of blockchains. This is the benefit of open source, and it is also very common. You will find that developers of the two chains communicate with each other through GitHub and reddit. I hope to improve the frequency of communication in order to achieve the common goal

11. about compatibility

12. at present, the two kinds of blockchains are compatible with each other. Contracts or applications written by eth can be applied on etc, and vice versa

13. eth, focusing on ewasm, is committed to providing a platform for more and more developers, while the issue of contract security is secondary, such as viper

14. etc focuses on making developers create more secure contracts, such as viper, iohk research, at the cost of consuming the number of potential developers

15. it's obvious that both chains can accept each other, regardless of whether their wishes are the same or not. My view is that the number of developers is not necessarily related to the quality of the proct

16. about the transaction speed

17. eth, the average is 25 seconds, which will be shortened after upgrading

18. etc, with an average time of 14 seconds, maintained at 10-14 seconds after upgrade, according to ecip-1010 and ecip-1036 protocols

19. about the block capacity

20. eth, with the daily trading volume of eth graally reaching 5 million, the block capacity is graally saturated. This situation is similar to the recent transaction cost of bitcoin. This problem can be solved by expanding the block capacity by increasing the default fuel limit

21. ETC­， At present, there is still a lot of room for block capacity. As more and more people accept etc, the block capacity will also increase, just like eth

22. about community

23. eth, mainly discuss on reddit

24. etc, mainly discuss on slack

25. about monetary policy

26. eth, the planned supply is growing steadily, resulting in an average inflation of 3% in eth blockchain in its life cycle

27. etc, before 2025, inflation will reach 3%, and then the total supply will reach 200 million etc, and then there will be deflation

    As for the regional distribution of trading volume, China accounts for 20%, South Korea 25% and the United States 25%
    In etc, China accounts for 50%, South Korea 25% and the United States 10%
    About securities, at present, investors do not have the option to trade securities. Recently, one of eth's ETFs, trading open-end index funds, was denied by the regulators

28. etc owns etc trading trust, which allows investors to own etc instead of the asset itself

6. ​ In recent years, the speculation related to virtual currency (such as ICO, IFO, IEO, IMO and STO) has been in vogue. The price has gone up and down, and the risk has gathered rapidly. Relevant financing entities raise funds from investors or virtual currencies such as bitcoin and Ethereum through illegal sale and circulation of tokens. In essence, they are illegal public financing without approval. They are suspected of illegal sale of token bills, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal crimes, which seriously disrupt the economic and financial order

on September 4, 2017, the people's Bank of China and other seven ministries and commissions issued the "notice on preventing the financing risk of token issuance", which cleaned up the ICO and virtual currency trading venues. The scale of domestic virtual currency transactions decreased significantly, effectively avoiding the impact of virtual currency prices on China's financial market.

7. Before 2019, I haven't been in touch with the digital currency instry. I'm just a little Bai. Through the foundation of the whole year of 2019, I have some experience to share with you, right or not. Welcome to comment
first, ask the respondents how many people have played this pocc
Second, all the projects are fake at the beginning. believe me. Only in the process of doing it successfully, it's true
Third, bitcoin is successful, with a market size of $1 trillion today. If it fails, it is a liar
Fourth, in addition to the mainstream digital currency, the risk is smaller (not without risk), similar to bitcoin, TEDA currency, ether currency, etc. Other small-scale counterfeit currencies are highly risky. How to determine the scale of a digital currency, or the market value, and recommend a software (non trumpet)< No need to think about supervision. There is no guarantee. It all depends on your control and understanding of the project. The brave starve the timid< 6. To judge whether a project is safe or not, it is necessary to have an in-depth understanding and communicate with the team. You need to know what the team wants to do, whether it's running for money or really want to do something< How to judge the quality of a project
there are roughly two points: the way of admission, the rate of return of offline development
is it simply to give money to the project party? Is sharing the benefits of offline development very outrageous

as far as I know, pocc mode is to spend money to buy digital currency, POC is using POC to replace mining machine, mining machine proces ore, and sells it in the exchange. The model is similar to bitcoin, but different. Moreover, in the process of transaction, the project party can't receive any money at all, and they all transfer their own business. This greatly limits the project side to circle money. And basically a miner can be realized once in about 6 days. It's also very secure for money. Secondly, the development of offline, can get about 3 poccs a day, this should not be outrageous
1. At present, the supervision of all digital currencies is not perfect, including bitcoin, Ethereum EOS and other top digital currencies in the world
2. Clearly reply that you are not a MLM company. You can understand pocc as a start-up company. It wants to go public (make it into a big currency like bitcoin Ethereum EOS). If you succeed, everyone will benefit. If you fail, your investment will not be affected, because you can recover the cost in six months
3. For those who say they have been cheated, publish their ID or your currency address, and the platform will query the records for you to see if you have been cheated
4. Pocc skin shrimp public chain, with (non small) can query the relevant information, non small is a professional third-party information website, all digital currency can query
5. As far as I know, there are a group of professional spurts on the Internet. One is to release negative news to attract attention and improve their own traffic. The second is to blackmail the platform for sealing fees
6. Since September 2018, there has been no loss and it is still running steadily. The benefits are consistent. Your friend tried, earned, recommended to you, you are still hesitant, to the Internet to find those who have not played the project, do reference, you will never earn money
7. Many people have been cheated by blockchain and various kinds of funds. You've heard about it and seen it. But you just didn't get involved
8, those who say pull the head, the tiktok speed version of the top page speed version does not pull the head? Wechat does not attract people in the initial stage? Alipay didn't pull the plug at the beginning? The network does not pull the head in the initial stage
9. Any project can't do without fans. Only fans can grow and last, and fans can only gain profits without loss, just like stocks. Those who hold the original stocks can make profits, but the loss is the secondary market
10. I hope those who talk nonsense blindfolded can experience it. Here's the screenshot BB.

8. If you have evidence, you can sue!

9. I haven't heard of it, but the transaction is more formal and regulated. Like our side

10.

On September 2, it was reported that on August 21, the central bank headquarters received the relevant emergency report. The report analyzed in detail and clearly pointed out that from the perspective of penetrating supervision with substance more important than form, ICO belongs to illegal fund-raising in disguise

according to the lover quoted, relevant people of the central bank have studied a large number of ICO white papers and come to the conclusion that "90% of ICO projects are suspected of illegal fund-raising and subjective and intentional fraud, and less than 1% of the ICOS that actually raise funds for project investment."

ICO is the full name of initial coin offering, short for the first public offering of digital token, which imitates the IPO (initial public offering) in the stock market. That is to say, the project sponsor can obtain financing by issuing initial token through blockchain technology, but the initial token cannot be purchased in legal currency (RMB, US dollar, etc.), because it violates the laws and regulations of various countries on financing, and needs to be purchased with digital assets with good liquidity such as bitcoin and Ethereum

Yao Qian, deputy director of the science and Technology Department of the people's Bank of China and director of the digital currency Research Institute, pointed out in an article a few days ago that the current ICO is at the edge of legal supervision. Starting from the system construction, we should give the ICO a legal statement as soon as possible. He suggested that the implementation of sandbox supervision on ICO (in a "safe space", financial technology enterprises can test their innovative financial procts, services, business models and marketing methods, instead of being immediately subject to regulatory rules when related activities encounter problems)

On August 16, Huo Xuewen, director of the Beijing Municipal Bureau of finance, also said in an internal closed door talk that Internet finance, blockchain and ICO can only have vitality if they develop in accordance with laws and regulations, and any violation and abuse will be punished

"the national financial work conference made it clear that all financial activities should be regulated. All activities of "managing other people's money" should be subject to supervision. Blockchain innovation, Internet finance innovation, ICO innovation, but if you do not control the risk, then all the innovation will go to its opposite. If the traditional financial risk is 1.0 and the Internet financial risk is 2.0, the current blockchain and ICO risk is 3.0. " Huo Xuewen said at the meeting