Virtual currency of five national ministries and commissions

1. virtual currency does not need to be registered in China. In the bitcoin risk notice issued by the central bank and other five ministries in 2013, bitcoin is clearly defined as a special Internet commodity, which citizens can buy and sell freely at their own risk. Bitcoin and other virtual currency trading platform websites must be recorded in the Ministry of instry and information technology, and the registered users of the platform implement real name authentication

most countries in the world are cautious towards bitcoin, while Western European countries are relatively friendly towards bitcoin. Australia needs to pay value-added tax, and there are different attitudes towards bitcoin among states in the United States. In the United States, California recognizes the legitimacy of virtual currency, but it needs to be registered legally. Fuyuan coin is registered legally in California. A license is required to conct virtual currency related business in New York state.

2. In the notice on preventing bitcoin risk issued by the central bank and other five ministries and commissions at the end of 2013, bitcoin is clearly defined as a special Internet commodity, and people can buy and sell freely at their own risk, denying its monetary attribute. All financial institutions are not allowed to provide bitcoin related services. Bitcoin related websites must be put on record and require users to carry out real name authentication. Zhou Xiaochuan, central bank governor, said in an interview that bitcoin is a tradable asset like a stamp

in a word, virtual currency represented by bitcoin is legal in China, but the government takes a cold attitude towards virtual currency, which is neither positive nor negative. Most of the major countries in the world also adopt a cold attitude towards virtual currency

since 2015, the popular virtual currencies are bitcoin, Laite coin, Fuyuan coin, doggy coin, reborn coin and so on

it is possible, but at present, the government has not banned it

bitcoin and other virtual currencies exist legally in China. In the 2013 bitcoin risk notice, the central bank and other five ministries and commissions clearly defined bitcoin as a special Internet commodity. People can buy and sell it freely at their own risk. Financial institutions do not have to provide bitcoin related services, denying its monetary attribute. Zhou Xiaochuan, the governor of the central bank, compares bitcoin to a tradable asset like a stamp< Most of the major countries in the world take a cold attitude towards virtual currency. There are several possibilities for countries to ban virtual currency:

1
2. The well-known weaknesses and defects of virtual currency can not be overcome in a certain period of time
3. The government can't stand the use of virtual currency in money laundering and other illegal activities

since 2013, the popular virtual currencies are bitcoin, Fuyuan coin, Laite coin, doggy coin, Ruibo coin, Yuanbao coin and so on<

Zhou Xiaochuan, governor of the central bank, said at the Boao Forum for Asia that virtual currency is not a currency approved by the central bank and can not be banned. 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. Therefore, digital currency is not MLM, not capital disk, but a kind of financial investment

in fact, the central bank has been studying digital currency for a long time. From the perspective of historical development trend, money has always evolved with the development of technological progress and economic activities. From the early physical money, commodity money to the later credit money, it is a natural choice to adapt to the development of human commercial society. As the currency of the previous generation, paper money has low technology content. From the perspective of safety and cost, it is the general trend to be replaced by new technology and new procts. In particular, with the development of the Internet and the great changes in payment methods all over the world, the establishment of digital currency issuance and circulation system is very necessary for the construction of financial infrastructure and the promotion of economic quality, efficiency and upgrading

does China recognize virtual currency_****** In the notice on bitcoin risk prevention issued by the central bank and other five ministries and commissions at the end of 2013, bitcoin was clearly defined as a special Internet commodity. People can buy and sell bitcoin freely at their own risk, denying its monetary attribute. Financial institutions are not allowed to provide services related to bitcoin, and bitcoin related websites must be put on record, In a word, the virtual currency represented by bitcoin is legal in China, but the government takes a cold attitude towards it, Most of the major countries in the world also adopt a cold attitude towards virtual currency. Since 2015, the popular virtual currencies include bitcoin, Wright coin, Fuyuan coin, doggy coin, Ruibo coin, etc.

Why do not countries ban virtual currency; In other words, what is the connection and difference between the value represented by virtual currency and the value represented by general currency? 3. In view of the depth of the background of the problem, we need to stand higher in the starting point of the research. Currency is a problem in the category of modernity, The problem of virtual currency is the problem of postmodernism. They do not share the same basic paradigm. It is the difference of paradigm, not virtual phenomenon, that leads to the difference between them.

why does China not stop virtual currency_****** As a new thing, virtual currency has its progressive side. One of China's attitudes towards new things is that the law does not prohibit it. However, if virtual currency poses a threat to the existing financial system, the government will take action, What follows is the public...

which countries recognize the legitimacy of virtual currency_****** At present, Japan has recognized bitcoin as legal

is virtual currency recognized by the state_****** No, because it involves money laundering, easy to crash and other factors. Although bitcoin, the most famous virtual currency, can not be said to be suppressed, there are very few transactions between physical objects and virtual currency abroad, and its prospect still remains to be seen, The pure pyramid structure will not be recognized by the state.

is there any policy in China to prohibit the trading of virtual currency****** At the end of 2013, the central bank and other five ministries and commissions jointly issued a bitcoin risk notice, in which bitcoin is clearly defined as a special Internet commodity, and people can buy and sell freely at their own risk, denying its monetary attribute, In an interview with the Boao Forum, President Yang Xiaochuan compared bitcoin to a tradable asset like a stamp, and the central bank has no right to ban it. Since 2013, popular virtual currencies include bitcoin, Leyte, Fuyuan, doggy, etc Is China's virtual currency legal_****** Virtual currency can trade bitcoin, Leyte and ether on chinacoin.com.

is virtual currency illegal in China_****** Virtual currency exists legally in China, but it is illegal to engage in illegal activities by using virtual currency. The notice on preventing bitcoin risks issued by the people's Bank of China and other five ministries and commissions defines the nature of bitcoin, believing that bitcoin is not issued by the monetary authority and has no monetary attributes such as legal compensation and compulsion, Not really...

will China ban all virtual currency commercial transactions? Will virtual currency be banned_****** How to buy and sell virtual currency after China forbids virtual currency trading

how does the state treat virtual currency in 2017****** At present, there is no official recognition of the value of virtual currency in China, but only in some areas suspected of causing actual harm to society, some recognize its existence value

3. In China, no company that issues virtual currency has been granted policy permission. China has a laissez faire attitude towards virtual currency. The following is China's position on virtual currency:

Zhou Xiaochuan, governor of the central bank, said at last year's Boao Forum that bitcoin, like stamps collected by stamp collectors, has collection value, and people regard it as an asset to trade rather than a payment currency, so there is no question of banning it for the central bank. This is also the only time central bank governor Zhou Xiaochuan has made a statement on the currency

in the bitcoin risk notice issued by the central bank and other five ministries and commissions at the end of 2013, bitcoin was clearly defined as a special Internet commodity, which people can buy and sell freely under the premise of free but risk, denying its monetary attribute. At this stage, all financial hooks are not allowed to provide bitcoin related services

since 2013, the popular virtual currencies are bitcoin, Fuyuan coin, Laite coin, doggy coin and so on.

4.

China does not have the first legal virtual currency. At the end of 2013, the central bank and other five ministries and commissions issued the bitcoin risk notice, which clearly defined bitcoin as a special Internet commodity, and the public can buy and sell it freely on the premise of taking their own risks

other digital confidential currencies are also suitable, such as Laite coin, the ancestor of Shanzhai coin, Fuyuan coin for business points in jewelry instry, dog coin for small reward, etc. But although virtual currency exists legally in our country, it is illegal to cheat under the guise of virtual currency

extended data

as the proct of e-commerce, virtual currency has begun to play an increasingly important role, and it is more and more connected with the real world. However, with the growth of virtual currency, the relevant laws and regulations are lagging behind, which has laid many hidden dangers

fraud

the private transactions of online virtual currency have realized the two-way circulation between virtual currency and RMB to a certain extent. The activity of these traders is to buy all kinds of virtual currencies and procts at a low price, and then sell them at a high price to earn profits. With the increase of such transactions, there are even virtual mints

in addition to the virtual currency provided by the main company, there are also some people who specialize in "virtual coin making" to obtain virtual currency by playing games and then resell it to other players. Take Wenzhou as an example, there are about seven or eight such "virtual mints" with four or five hundred practitioners. This not only creates a bubble for the price of the virtual currency itself, but also causes trouble for the normal sale of the issuing company. It also provides a platform for selling and collecting money and money laundering for various cyber crimes. p>

impact system

in modern financial system, the issuers of money are generally central banks, which are responsible for the management and supervision of money operation. As the equivalent exchange goods used to replace the real currency circulation on the Internet, the virtual currency on the Internet is essentially the same as the real currency. The difference is that the issuers are no longer central banks, but Internet companies

if the development of virtual currency makes it form a unified market, each company can exchange with each other, or virtual currency is integrated and unified, and all of them are based on the same standard and price, then in a sense, virtual currency is currency, which is likely to form a threat impact on the traditional financial system or economic operation

network problems

in addition to direct cash, virtual currency can also be purchased by SMS, internet transfer and fixed telephone recharge. These ways of purchase not only provide convenience for users, but also have many risks

such as embezzlement of telephone recharge and purchase by minors. In addition, virtual currency does not have the anti-counterfeiting technology of real currency. Computer hackers may use its security loopholes to proce counterfeit currency. Relevant personnel of the State Administration for Instry and Commerce said that virtual currency transaction is a business behavior derived from the Internet era, and there are no clear legal provisions to regulate it, and there are no items related to virtual goods transaction in the scope of instrial and commercial registration

but when the virtual property transaction graally employs people, places are fixed, transaction profits are clear, and has the nature of operation, it may involve market order and tax issues. Even game operators have no ability to control. There are a large number of "counterfeit banknote makers" in the network. Take the winger who is mainly engaged in chess and card online games as an example, the purchasing power of his online currency has shrunk by nearly 40% in one year. Many people point out that such inflation will only damage netizens and make them lose confidence in the Internet

reference source : network virtual currency

5. It's possible, but for now, the government hasn't banned it

bitcoin and other virtual currencies exist legally in China. In the 2013 bitcoin risk notice, the central bank and other five ministries and commissions clearly defined bitcoin as a special Internet commodity. People can buy and sell it freely at their own risk. Financial institutions do not have to provide bitcoin related services, denying its monetary attribute. Zhou Xiaochuan, the governor of the central bank, compares bitcoin to a tradable asset like a stamp< Most of the major countries in the world take a cold attitude towards virtual currency. There are several possibilities for countries to ban virtual currency:

1
2. The well-known weaknesses and defects of virtual currency can not be overcome in a certain period of time
3. The government can't stand the use of virtual currency in money laundering and other illegal activities

since 2013, the popular virtual currencies are bitcoin, Fuyuan coin, Laite coin, doggy coin, Ruibo coin, Yuanbao coin and so on.

6. _____ Class commentary_____ The athletes of the class are coming! All of them are full of spirit and valiant, ready to show their talents in this sports meeting_____ Class always has a good style of unity and hard work, always strive for the first is their slogan never give up! Look! How bold and orderly their steps are! Listen! How loud and sonorous their voices are! They are willing to achieve a higher, faster and stronger sports spirit in every moment of the sports field, and they are willing to bring the will of forever climbing the peak to everyone! Come on! I hope they will realize themselves in this sports meeting, win without pride and lose without despair; Let's cheer for their every struggle, let's cheer for their every effort_____ Class commentary look! A group of energetic young people are coming to us. The neat step is following their firmness, the bright smile is writing their enthusiasm, the loud slogan is embodying their strength. It is such a group of 41 people who are united, friendly, diligent and studious. They use the sweat of struggle to splash the field, with crystal clear tears to embrace the glory of victory. This is them, this is the eternal, passionate 99022_____ Class commentary dear teachers and students, what is coming to the rostrum now is_____ A square array of athletes. This is a tenacious team, a united and progressive collective. In last year's sports meeting, although a few athletes did not participate for some reason, but in all the hard work, still achieved the eighth group of good results. This year, they have gathered strength and are determined to launch impact and challenge to better achievements. Their slogan remains: & quot; Unite and forge ahead, work hard, make concerted efforts and create brilliance together& quot; Please wait and see_____ What's coming with the commentary_____ Ban, the sky shining Turquoise light, young spring full of hope; We come with new strength in spring, and flowers will open for us; Only when we are predestined, can we get together, and only when we have a heart can we cherish it. Our hearts look in the same direction, and we are connected, hand in hand. Unity makes us brilliant in the old days, and today's young heart sprouts new hope. We are young, we are united, we believe that where there is a dream, there will be flying_____ Class commentary flying ideals, passion, courage, never give up_____ Class is stepping on the sun, passion and heroism to come; This is a class full of vigor and vitality. They are vigorous and energetic. They solemnly announce to you and me:_____ Ban, the most beautiful scenery in our sports meeting! We with joy, we pursue together, we gallop the competition field, brandish heroic, let our blood boiling without regret! Come on! Athletes! Victory will be with us_____ Class together_____ What's going on in class commentary_____ Class, vigor and vitality in everyone, friendship and encouragement in everyone's heart transmission, steady progress, self challenge is their starting point. Unremitting efforts, tireless pursuit is their journey, self breakthrough, striving for the first is their goal, strive to create brilliance! Yesterday's sweat will make today's glory. Come on_____ Ben, you will become the pronoun of success_____ Class commentary & quot; The earth is still green. We will be on top of the mountain and see all the mountains;. Look_____ Class, a united and progressive group with strong personality, strides forward to us with a neat step. It is a group full of love and charm, working together - their tacit understanding and indomitable struggle - their eternal belief and striving for the first forever - their constant pursuit. At this time____ In the games_____ Class all students collective oath: will be the first in the competition, competition results, competition style, competition personality. Let all people shout for them_____ Class, come on& quot; _____ What's coming with the commentary_____ Class athletes, they are high spirited, they have the courage to insist, they will show their vigorous posture in this sports meeting, they will write their youth name in this sports field, they are like a strong wind in the forest, they have a heroic spirit, they have a young heart, they are a youth flag to strive for the first forever_____ What's the class commentary now_____ Ben, this is a united group. Peer is a song, we use self-confidence, tenacity to compose the melody of youth. We have sprinters and long distance runners here. We are full of experts and talents. Unity is the source of our fighting spirit and the spiritual pillar that constantly inspires us to work harder and faster. We_____ Class will strive for success and win the first place_____ Class commentary facing the sun's brilliance, selling neat cloth method, now think the rostrum is coming_____ Class. Look, athletes are full of spirit and vigorous; Listen, the neat steps show you that they are a disciplined class. Former record holder of men's 110 hurdles___ It's from this class. Besides_________ The winner of________ Also in the class_____ Class is such a dynamic class, she will stride towards a bright tomorrow_____ Class commentary is coming now_____ The square array of ban____ A vigorous and heroic team composed of three brothers and sisters. They hold their heads high and march with neat and powerful steps, just like an inseparable whole. It was such a united and hard-working group that won the third place in the total score of the group in last year's games. Today, they stand here with high spirits and full confidence, fighting for the honor of the class. We firmly believe that they will live up to the expectations of the public and continue to be brilliant. Let's wait and see_____ The commentary of the class is just the youth of the classmate; To be brave and brave is the pride of a generation. Look, it's us who are striding to the rostrum with neat steps_____ Class. This is a passionate and united group. They not only study well, work actively, but also never lag behind in participating in all kinds of cultural and sports activities. Today, in line with the purpose of friendship first and competition second, they are all energetic and want to compete with the heroes in the 100m field_____ Ben, good luck_____ Class commentary look______ Class's team came neatly, they were energetic, walking calmly. They don't have the heroic words before the game, but they know that they are usually vigorous in the sports field; They don't always advance at the pace of others, but they can constantly strive to surpass themselves and forge ahead in the competition. They should regard themselves as the representatives of athletes and interpret the sports spirit of the times with their own efforts. They said: & quot; Maybe yesterday belongs to you, but today's protagonist must have me& quot; Listen, aren't their loud slogans their most powerful cry for victory? Let's wish you all the best_____ Class to achieve excellent results in the competition_____ Do you hear the loud slogans in class commentary? Do you see the steady steps? Do you feel the momentum of never giving up? There's no doubt that's it_____ Ben! Firm vision represents our persistent pursuit, boiling blood proves our determination to win, we are the best! we are the wonder!