ABC issues virtual currency

1. Network virtual currency can be roughly divided into
the first category is familiar game currency. In the era of stand-alone games, the protagonist accumulates money by knocking down the enemy, entering the gambling house to win money, and using these to buy Herbs and equipment, but it can only be used in his own game console. At that time, there was no "market" between players. Since the establishment of Internet portal and community, the realization of game networking, virtual currency has a "financial market", players can trade game currency
the second type is the special currency issued by the portal website or instant messaging service provider, which is used to purchase the services in the website. The most widely used is Tencent's q-coin, which can be used to purchase membership, QQ show and other value-added services
the third kind of virtual currency on the Internet, such as bitcoin (BTC), Fuyuan coin (FTC) and Wright currency (LTC). Bitcoin is an electronic currency proced by open-source P2P software. Some people also translate bitcoin as "bitcoin", which is a kind of network virtual currency. It is mainly used for Internet financial investment, and can also be directly used in daily life as a new currency.

2. It is not allowed in China. Let me take Singapore as an example. It is also the common choice of instry leaders. At present, it is one of the most suitable countries for blockchain projects under comprehensive conditions
first of all, there must be a subject of the project - the Singapore public non-profit foundation (note that it can be compliant), including the white paper and relevant legal opinions, which are written around this subject
I don't need to say more about the white paper. Your own affairs should be clearer than mine
let me tell you in detail about the legal opinions. It is not a single lawyer's document. Taking the blockchain project as an example, if you want to comply with ICO and issue it on the exchange, you need the following types of legal opinions:
1.
legal opinions of token non securities nature certificate issued by legal opinion in accordance with Singapore regulatory regulations. In this way, the relevant securities laws and regulations, etc., will not interfere with you<
2.
2. The white paper legal compliance lawyer's opinion proves that the project is legal and compliant and does not touch or violate any existing Singapore regulatory regulations. This item is written according to your white paper, and the complexity is also determined by your white paper. Even if the lawyer thinks that it is necessary, some modifications will be made
3. The private placement terms issued by PURCHASEAGREEMENT in accordance with Singapore regulations for the project to raise funds by issuing tokens
4. Singapore law sponsored terms.conditions for public issues token public offering terms, website publicity and disclaimer in accordance with Singapore regulatory regulations
I don't need to explain the last two items. Private placement and public offering depend on your personal situation. With the relevant legal opinions, it will be more convincing to your investors. Everything you do is legal and compliant. In addition, after reporting, we are not afraid of MAS to check you. Of course, the most important point is that we can go to the mainstream exchanges
among them, the packaging and promotion of tokens, and the exchanges you go to, are the places that reflect the strength of your currency. The fees for necessary documents mentioned above are not worth mentioning.

3. From 20:00 on July 17, 2008, in order to effectively prevent the risk of online payment and protect the safety of customers' funds, Agricultural Bank of China cancelled the electronic payment card payment service, and needed to bring ID card and bank card to the counter to get the dynamic password card or upgrade to a mobile certificate user.

4.

The functions of ABC credit currency are as follows:

1. It is a new credit card launched by ABC without annual fee

2. It is mainly used for cash installment and online payment. You can apply for the maximum amount of 10000 at Palm bank and 30000 at the counter

3. It can be used in any domestic consumption channel, based on the existing acquiring network of ABC or inter-bank, and the payment is convenient and safe

extended information:

other advantages of ABC credit currency are as follows:

1. The issuance of credit currency will fundamentally change the way ABC serves indivial customers

2. As a basic account proct, ABC credit currency uses the standard card number of credit card, which has higher credit and security level and wider application network than the virtual account proct with payment or consumption credit function in the market

5. The credit account is mainly a credit card proct without physical medium issued to the bank's pre credit customers, with the external name of "ABC credit currency", the special card bin No. 625818, the bill date is on the 23rd of each month, and the e repayment date is on the 19th day after the bill date.

6.

In fact, ABC credit currency is a virtual credit card proct without physical media issued by Agricultural Bank of China, and this proct also has the function of overdraft consumption, which can be used for online and offline consumption, installment and overdraft transfer, etc

the credit account is mainly a credit card proct without physical medium issued to the pre credit customers in the bank, with the external name of "ABC credit currency", the special card bin No. 625818, the bill date on the 23rd of each month, and the e repayment date on the 19th day after the bill date

the palm bank terminal has the functions of credit currency account information query, Bill query, application for installment, agreed repayment setting and maintenance, repayment, password management, loss reporting and card replacement, bill setting, etc

the counter is applicable to transactions that allow manual input of card number. Credit money is mainly used for online card free channels, supporting our online K code payment, UnionPay online payment and Alipay, WeChat and other three party payment: support binding HCE cloud flash payment, Apple Pay payment. Just like credit card account, credit line is under unified management at customer level

extended information:

how to use the credit currency of ABC:

I. overdraft consumption

this credit card virtual proct, like ordinary credit cards, also has a limit, with a maximum limit of 10000 yuan to 30000 yuan, so this proct can also be overdraft consumption. It can be used in any domestic consumption channel, based on the existing acquiring network of Agricultural Bank of China or inter-bank, for online and offline UnionPay standard transactions with or without card, and the payment is convenient and safe

can use personal credit account to be used for Agricultural Bank's online shortcut or online banking payment. It can also be used for payment of third party channels by binding accounts such as Alipay and WeChat, and it can also be opened for payment by entities. p> As a virtual proct of credit card, transfer has the basic function of ordinary credit card. It can also transfer funds. You can bind your debit card account in Agricultural Bank of China to transfer funds within the limit. Want to know more about the Agricultural Bank of China credit card related information

3. Cash withdrawal

since this virtual credit card proct has a limit, it can be cashed. Its withdrawal limit is 50% of the account limit

Four, staging this proct can also carry out staging business. It can be divided into 3, 6, 9 and 12 periods, with a rate of 0.49% for each period. The service charge will be charged in the first account day

source of reference: People's net - many banks test water, the experience of virtual credit card needs to be improved

source of reference: Agricultural Bank of China - credit card

7. Agricultural Bank of China does not have the qualification to issue precious metal commemorative coins. Precious metal commemorative coins are one kind of RMB. Only the people's Bank of China issues

Agricultural Bank of China is only qualified to issue commemorative badges, not commemorative coins. To be clear, one is badge and the other is money, Those who do not enter the market circulation, only for collection, the above marked denomination is only a symbolic currency symbol, not recorded in cash flow

8.

It has the following functions:

1. The bank has many network points, which saves time and speed in handling business

2. The method of repayment is convenient, and Agricultural Bank of China can support automatic dection

3. The interest free period can be up to 56 days

Agricultural Bank of China provides professional business travel services for credit card customers

5. The annual fee policy is superior, and the annual fee of the next year can be exempted by swiping the card five times

6. Multi account management can be implemented: quota sharing, independent billing day and independent repayment

7. The service charge of cash withdrawal is low. The handling charge for cash advance of ABC in China is 1% of the transaction amount (minimum 1 yuan); The handling charge for cash advance of other banks in China is 1% of the transaction amount + 2 yuan / transaction, while the handling charge for cash advance of other banks abroad is 3% of the transaction amount

9. The credit account is mainly a credit card proct without physical medium issued to the bank's pre credit customers, with the external name of "ABC credit currency", the special card bin No. 625818, the bill date is on the 23rd of each month, and the e repayment date is on the 19th day after the bill date
the palm bank terminal has the functions of credit currency account information query, Bill query, application for installment, agreed repayment setting and maintenance, repayment, password management, loss reporting and card replacement, bill setting, etc. The counter is applicable to transactions that allow manual input of card number. Credit money is mainly used for online card free channels, supporting our online K code payment, UnionPay online payment and Alipay, WeChat and other three party payment: support binding HCE cloud flash payment, Apple Pay payment. Just like credit card account, credit line is under unified management at customer level.

10. The credit account is mainly a credit card proct without physical medium issued to the bank's pre credit customers, with the external name of "ABC credit currency", the special card bin No. 625818, the bill date is on the 23rd of each month, and the e repayment date is on the 19th day after the bill date
the palm bank terminal has the functions of credit currency account information query, Bill query, application for installment, agreed repayment setting and maintenance, repayment, password management, loss reporting and card replacement, bill setting, etc. The counter is applicable to transactions that allow manual input of card number

credit money is mainly used for online card free channels, supporting our online K code payment, UnionPay online payment and Alipay, WeChat and other three party payment: support HCE binding cloud payment, Apple Pay payment.