Quarter Leyte

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. It's just a reflection

3.

Since the advent of bitcoin, it is very likely that no quarter has performed as badly as the first quarter of this year

according to the website coinmarketcap, which tracks the price and market value of several digital currency exchanges, the trading price of bitcoin has dropped from above $14000 on January 1 to less than $6900 as of the time of issue, with a decline of more than 50%, and the market value has dropped from nearly $239 billion to about $115.5 billion

In fact, bitcoin is only the epitome of the overall performance of digital currency. After the closing of the last trading day of U.S. stocks in this quarter, an article on Wall Street on the morning of the 30th mentioned that the performance of digital currency in the first quarter was the worst in history, and bitcoin fell below the 200 day moving average

just at 6 a.m. Beijing time on the 30th, bitcoin also fell below the $7000 level. When it fell below $7500 on the evening of the 29th, Wall Street mentioned that some analysts pointed out that bitcoin was close to the "death cross", that is, the 50 day moving average was close to lower than the 200 day moving average. From a technical point of view, this often means that the asset will go down further

in addition, negative factors such as regulation also put pressure on bitcoin and other digital currencies. For example, when bitcoin fell below $8000 two weeks ago, Wall Street heard that the media said that the US Securities Regulatory Commission issued subpoenas and concted investigations on digital currency hedge funds, and Google announced the ban on ICO and other digital currency advertisements

Coincidentally, in the early morning of the 30th, it was also reported that LinkedIn, a professional social network, will start to ban digital currency advertisements such as ICO

however, from a technical point of view, some people say that the situation of bitcoin is not so bad

Brian Kelly, a trader at

fast money, believes that if the support line can continue to play a supporting role, the upward trend since last August has not actually changed

Forbes columnist Frank Holmes said that, just like the financial assets such as the U.S. stock market, bitcoin is bound to have a strong recovery after a big drop

4. The recent outbreak of "dark out" on skycoin can be seen from the time that the former operation team was released from prison and was eager to bleach with rhythm. But the fact is the truth. Before, they used to operate skycoin on the surface, but secretly embezzled and misappropriated their working capital to serve their own two projects. Shangqian'an also wanted to use its own inside information to cash out, but the people in skycoin development team were not stupid, After discovering these criminal activities, they took emergency measures with the relevant exchanges to freeze the exchange accounts (not the skycoin wallet they said), and planned to investigate and deal with them after clearing up. The purpose is also to maintain the normal operation order of the team and protect the interests of most investors, But they took advantage of the opportunity of being invited to the founder's home to check accounts, and they wanted to withdraw by illegal means without making a reasonable explanation and handling of the financial affairs, but the law finally gave them the punishment they deserved. Time will make them the same. Now that their project is dead, a new scam has begun. People without any knowledge and technology have started to comment on the market. Everyone in the circle knows that the ultimate goal of these people is either to cheat or to cheat. In contrast, skycoin team has experienced such a big setback. Instead of their so-called running away, they are more and more frustrated and courageous. The code update ranks among the top 10 in terms of comprehensive ranking and the top 5 in terms of monthly ranking. Moreover, the ground deployment test of mesh network has been selected in New York, USA. the preparatory work has started. The special programming language CX for blockchain has been completed and concentrated on the blockchain, PC wallet, The mobile wallet and hardware wallet have been developed. The antenna and other related hardware have been finally tested. More consensus developers have been hired for the later development of consensus. The overall progress is very exciting. The development team will face these greedy sunspots with practical actions.

5. Ask the same question, wait for the God downstairs to answer together!

6. There are three main ways to supply the central bank's base money in China: fiscal deficit, credit supply and foreign exchange. Generally speaking, commercial bank credit does not increase the supply of base money. The only way to increase the supply of base money is the central bank's refinancing. However, there have been monetary creation and expansion caused by the loopholes of the central bank system in history. Before 1980, the way to solve the problem of fiscal deficit was to issue money by the central bank; After 1984, the base money was released through credit expansion; After 2000, the huge increase of foreign exchange accounts leads to the passive increase of base currency. In the first seven months of this year, the increment of reserve currency was only 88.7 billion yuan, and the increment of foreign exchange was only 298.8 billion yuan. The slow growth of base money leads to the high inter-bank funds, which may be the reason for the recent bear of stocks and bonds. After the introction of qe3, the increment of foreign exchange will improve. However, under the background of the change of RMB cross-border trade settlement structure and the slowdown of domestic economic growth, the increment of foreign exchange should not be too optimistic in the future.

7. It can be divided into state shares, legal person shares, internal staff shares and public indivial shares according to different investors; According to shareholders' equity and risk, it can be divided into common stock, preferred stock and common and preferred mixed stock; According to the different status of investors and listing places, it can be divided into three categories: domestic listed domestic shares, domestic listed foreign shares and overseas listed foreign shares. More popular classification method is also divided into: the official name of a share is RMB common stock. It is a common stock issued by companies in China for domestic institutions, organizations or indivials (excluding investors from Taiwan, Hong Kong and Macao) to subscribe and trade in RMB. B shares are also known as RMB special stocks. It refers to those special stocks registered in Chinese mainland and listed in Chinese mainland. The face value is indicated in RMB, and can only be subscribed and traded in foreign currency. H shares, also known as state-owned enterprise shares, refer to the shares of state-owned enterprises listed in Hong Kong. Shares are those that are listed in Chinese mainland and enterprises in Singapore (Singapore) or other countries or regions, but listed on the Singapore Stock Exchange. N shares refer to those foreign stocks registered in Chinese mainland and listed in New York (New York).

8.

The quarterly data of RMB real effective exchange rate can be found on the China financial information network of Xinhua News Agency

9. The exchange rate is constantly changing. When you use it, please refer to the exchange rate of the day you need. When you exchange it at the bank counter and online banking, you should base on the real-time quotation at that time
refer to the current exchange rate (October 3, 2015):
1 Australian Dollar = 4.4765 RMB yuan
1 RMB yuan = 0.2234 Australian dollar
way: network input & quot; Exchange rate of Australian dollar to RMB;, You can see the latest exchange rate directly
the Australian dollar is the monetary unit of Australia. One Australian dollar is 100 cents. Plastic coins with denominations of 5 yuan, 10 yuan, 20 yuan, 50 yuan and 100 yuan. Another 5, 10, 20, 50, 1 yuan, 2 yuan coins. The Australian monetary unit was the pound. The currency used in Australia was the same as the pound. Later, it adopted its own currency, Australian pound, which is equal to British pound. At that time, the pound was 20 shillings; One shilling is 12p. Every pound is 240 pence.