How to gamble with virtual currency
On June 28, 2009, the Ministry of culture and the Ministry of Commerce jointly issued the "notice on strengthening the management of virtual currency in online games", which made it clear that virtual currency is expressed in the form of prepaid recharge card, prepaid amount or points of online games, but does not include game props obtained in game activities; Virtual currency shall not be used to pay for, purchase physical procts or exchange for any procts and services of other enterprises< The following is the full text of the Circular of the Ministry of culture and the Ministry of Commerce:
the Circular of the Ministry of culture and the Ministry of Commerce on strengthening the management of virtual currency in online games
the cultural departments (bureaus) and commercial departments (bureaus) of all provinces, autonomous regions and municipalities directly under the central government, the Cultural Bureau and commercial bureau of Xinjiang proction and Construction Corps, Beijing, Tianjin, Shanghai and Chongqing Ningxia Hui Autonomous Region Cultural market administrative law enforcement corps:
with the rapid development of online games, online game virtual currency is widely used in online game business services. The virtual currency of online games not only promotes the development of online game instry, but also brings new economic and social problems. Mainly reflected in: first, the lack of protection of user rights and interests; Second, market behavior lacks supervision; Third, the online game virtual currency in the use of disputes
in order to standardize the operation order of online game market, according to the spirit of Interim Provisions on Internet culture management, notice on Further Strengthening the management of Internet cafes and online games (Wen Shi Fa [2007] No. 10) and notice on standardizing the operation order of online games and banning the use of online game gambling (Gong Tong Zi [2007] No. 3), etc, With the consent of the people's Bank of China and other departments, the notice on strengthening the management of virtual currency of online games is as follows
virtual currency is a network currency
gambling is a speculation
in view of the possible risks of virtual currency, many international organizations and central banks have responded publicly to the supervision of virtual currency system. These responses can be roughly divided into four categories: warning and risk warning, supervision and registration permission, legislative norms, and explicit prohibition
(1) warning and risk warning
some central banks and regulators have issued risk warnings against the special currency and virtual currency system. The federal financial regulatory authority of Germany, the Bank of France, the central banks of the Netherlands and Belgium have issued public warnings against the possible money laundering and terrorist financing caused by the use of bitcoin. In the report released at the end of 2013, the European Banking authority (EBA) warned consumers of many risks of virtual currency, such as exchange loss, e-wallet theft, unprotected payment, price fluctuation and so on. Although Spain did not have a similar risk warning, it issued a timely information announcement related to virtual currency
(2) supervision and registration license
generally speaking, international organizations believe that the supervision of virtual currency should find a balance between risk prevention and innovation promotion. Since 2012, Sweden has required transactions related to virtual currency to be registered with financial regulators. Other countries pay attention to qualification supervision, so as to make it indirectly meet the requirements of prudential supervision. In other countries, the regulation mainly focuses on the business model of virtual currency transaction. The financial prudential regulatory authority of France regards the provision of bitcoin circulation and trading services and the act of earning funds in the process as a payment service and requires the authorization of the government. In addition, some countries focus on the intermediary institutions related to virtual currency. The German federal financial regulatory agency and Danish regulators believe that the provision of intermediary services for virtual currency needs to be authorized< (3) legislative norms
at present, some countries have proposed legislation to regulate virtual currency transactions. Canada plans to legislate to allow the government to supervise the transaction of bitcoin, and to include the transaction of more than US $10000 into the scope of suspicious supervision. The United States hopes to adjust the relevant legal structure should be compared with the development of the special currency. In order to make the Bank Secrecy Act (BSA) applicable in the context of network, the financial crime enforcement network (FinCEN) of the U.S. Department of the Treasury issued the explanatory guidance on the behavior and subject definition of private generation, holding, distribution, trading, acceptance and transmission of virtual currency in 2013. The European central bank stressed that it should strengthen international cooperation under the existing legal framework, and regulate virtual currency from the European and global level under the existing legal framework. More countries believe that bitcoin is not a currency in circulation, has no legal status, and does not meet the definition of financial instruments, such as Finland, Sweden, Malaysia and Indonesia
(4) it is forbidden
in some countries, bitcoin related transactions are prohibited. In December 2013, the people's Bank of China banned financial institutions from trading in bitcoin, which was subsequently extended to payment service providers. The central banks of Thailand and Indonesia share the same attitude. The circulation of anonymous internet currency (including bitcoin) is prohibited by the Russian judicial inspection department as a substitute for currency. The Central Bank of Russia has earlier included the provision of bitcoin services in the scope of suspicious transaction monitoring. The U.S. Securities and Exchange Commission (SEC) has banned the issue of unregistered shares in exchange for bitcoin, and unregistered online securities trading activities in virtual currency.
No.17 line:
Chashan Higher Ecation Park Wenzhou University muzhoulong City College Ehu nanxiang Jin'an village Zhuao Jinzhu village Dongzhuang Yuying experimental middle school Dapeng intersection (a supermarket) - Cihu intersection Nanpu village Nanpu Niushan Dezheng Instrial Zone Shiliting bus passenger transport center Fapai Intersection - Dongyu road - Nantang bridge - Nanpu Sixth District - Nanpu farmers (Friendship Hospital) - Wendi Jinyuan - Huaxia Bank (lower Lupu) - Times Square - HENGDU - Zhongxi hospital - Earl's Villa - Xincheng Station - Radio and Television Center - Tangjiaqiao - bus terminus - Shangjiang - Tangjiaqiao departure station (38 stations)
route 53:
Higher Ecation Park departure station - Medical College - North Campus of Wenzhou University- Vocational and Technical College - Chashan - Higher Ecation Park - Wenzhou University - muzhoulong - goose neck head - City College - Baixiang town - Baixiang village - xianghou - Shangcai Village South - Shangcai Village North - Sanlong intersection - Wenzhou Middle School - laodianhou - Hezhuang - Donglong (Ouhai Sanyi) - yuelelong - Oujiang building - Xinnan railway station - Guangchang railway station - shanglupu LONGYE Garden - Nanpu District 8 -Nanpu agricultural trade (Friendship Hospital) - Nanpu District 6 - Nantang bridge - Fapai intersection - Passenger Transport Center - Niushan North Road - Vehicle Management Office - Xingtong bridge - aoqian - freight market - Wenke Academy (former Wenzhou Agricultural School) - Yongqing Street - Xinqiao middle school - Jinchan Avenue - Sanjia - Qianhua - Xihu village - minhu - Pudong departure station - Pudong (48 stations)
the investigation conclusion of public security organs is the most authoritative
however, judging from the current public information, it is difficult to identify or have no authoritative conclusion.
Gambling through the Internet is illegal
Article 70 of the law of the people's Republic of China on penalties for public security administration provides conditions for gambling for the purpose of making profits, or those who participate in gambling with large gambling capital shall be detained for less than five days or fined less than 500 yuan; If the circumstances are serious, he shall be detained for not less than 10 days but not more than 15 days and fined not less than 500 yuan but not more than 3000 yuan
Article 303 of the criminal law of the people's Republic of China who, for the purpose of making profits, gathers people to gamble or takes gambling as a business shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance and shall also be fined. Those who open casinos shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance and shall also be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years and shall also be fined
extended information:
about the number of gamblers, the amount of gambling money and the identification of website agents in online gambling crime:
the number of member accounts of gambling websites can be identified as the number of gamblers. If it is verified that an account number is used by more than one person or multiple account numbers are used by one person, the number of gamblers should be calculated according to the actual number of users. The amount of gambling capital can be determined by multiplying the number of points bet or won on the Internet by the amount actually represented by each point
if the funds are directly or indirectly converted into virtual currency, game props and other virtual goods, and used as chips to bet, the amount of gambling money shall be determined according to the amount of funds required to purchase the virtual goods or the amount of funds actually paid