1. bitcoin has been regulated by the US government in the United States. The US Commodity Futures Trading Commission (CFTC) recently released a document saying that bitcoin and other virtual currencies are reasonably defined as commodities, just like crude oil or wheat. This means that bitcoin futures and options are subject to CFTC regulations and regulation. It is necessary to apply for a license to carry out bitcoin related business in New York State, otherwise it will be considered illegal. In California, the attitude of bitcoin and other virtual currencies is relatively friendly, but they need to be registered
in the United States, it is legal as long as we do not use
virtual currency to carry out illegal activities. Fuyuan coin is registered in the United States, and treasure coin is also registered in the United States. However, according to relevant media reports, the Chinese Americans represented by Liu Longzhu are targeting an enterprise called Regal group. On September 29, the Chinese company in Los Angeles was seized. The company was accused of using a virtual currency called "treasure coin" to cheat investors by pyramid selling, and Jiang Kun's photo became their propaganda material. In mainland China, there are still people peddling "precious coins", but the peddler did not mention Jiang Kun to mainland buyers.
2. The United States has no anti money laundering agency specifically for virtual currency. Because virtual currency is very small in the face of the huge amount of money in the United States, and it has not been officially circulated in the world, it is not worth spending a lot of taxpayers' money to establish a special anti money laundering agency.
3. The Central Bank of the United States is the Federal Reserve System, and the Federal Reserve Bank is only one part of it. It has 12 branches all over the United States. As a member bank, it must pay reserves. These reserves are even their shares. Since most of the banks in the United States are private banks, it can be said that the Federal Reserve Bank is a private bank. However, these shareholders do not have the right to manage and make decisions, and these reserves do not pay interest. It's just a proof that you are a member bank. The Federal Reserve Bank has to guarantee for the member bank. Except for the National Bank, other banks can voluntarily decide whether to join or not. The real exercise of the power of the central bank, that is, the Federal Reserve System, mainly lies in the other two organs, the Federal Reserve Board and the Federal Open Market Committee. Their powers are entrusted by Congress, not to the president, but directly to Congress. The seven members of the Federal Reserve Board are nominated by the president and confirmed by the Senate. So the president can nominate who will be the chairman of the Federal Reserve, and then the central bank's policy will be directly responsible to Congress
4. Because bitcoin is the ancestor of cryptocurrency, which has the highest market value and the greatest influence at present. The United States defines bitcoin as a commodity, which is easier to regulate and has laws to abide by., Other cryptocurrencies also use the definition of bitcoin. These virtual currencies include Laite coin, Fuyuan coin, dog coin, Ruibo coin and other decentralized cryptocurrencies.
5. The transaction volume of virtual currency in the United States is generally the sum of all virtual currency websites in the United States, and there are few statistical data.
6. Bitcoin once again broke through $40000, which means it rose to $48000 a few days ago. This price is already very high. If it is not worth investing, is really a question answer, because from the perspective of different risk conditions, the final conclusion is different{ RRRRR}
when ordinary people invest in bitcoin, you need to consider the risk. It can help you make more money, but it is only possible that it can also help you lose more money. If you buy a reliable fund, it can't help you make too much money, it won't lose too much, which is within the risk you can bear, A normal person doesn't want to invest in a bicycle to become a motorcycle. You can't bear such a high risk. If you invest 50000 yuan and wait for him for 10 years, he may become 500000 yuan and 5 million yuan, but he may lose everything at that time. You can't bear that risk, so don't invest in this kind of thing easily
7. Hairstyle virtual currency does not need any qualification or standard. You just need to find some technical programs, because bitcoin's source code is open source, anyone can view and innovate. Therefore, you can use the source code of bitcoin to create a virtual currency of the heart. Only someone can play it, no one can play it, and your virtual currency has no value
most Shanzhai coins are created by using the source code of bitcoin, which is stereotyped without much innovation.
8. Looking back at the history of the change of the monetary standard in the past 200 years, it is not difficult to see that the gold standard has never been proved to be an effective institutional arrangement. Therefore, it seems that returning to the gold standard can not solve many drawbacks of the international monetary system, but bring more complex problems. First, the history of the gold standard is neither long nor successful. Before 1821, the world's major countries were mainly based on silver standard. With the rapid increase of international gold proction, Britain finally decided to adopt the gold standard system from 1821, and other countries graally followed suit. By 1876, almost all western countries such as Britain, France, Germany and the United States adopted the gold standard. From 1870 to the outbreak of World War I, the gold standard was the most successful 50 years. But more and more studies show that the success of the gold standard at that time was the result, not the cause, of Europe's long-term prosperity. Second, all attempts to return to the gold standard have failed. After the first World War, every country once again restored the gold standard system, but the great depression from 1929 to 1933 made central banks abandon the gold standard one after another. Since 1938, no country has allowed its citizens to exchange money or deposits for gold. Under the gold standard, the essence of free casting and free circulation has been seriously challenged. The practice of returning to the gold standard has failed in history. Thirdly, under the gold standard, the outbreak of the financial crisis and the sharp fluctuations of prices are repeated. For example, in ancient Rome, medieval Europe, Spain and Brazil, under the complete gold standard system, inflation with price increase of more than 30 times occurred; Under the gold standard system, the world economy broke out in 1879-1896 and 1929-1933, which was triggered by the collapse of the financial system. Even in the best 50 years of gold standard operation, financial crisis is not uncommon. For example, in 1890, the British baring consortium failed to speculate on Argentina and faced bankruptcy. The Bank of England had to join hands with the central banks of Russia and France, and with the help of the Rothschild family, it was able to quell the crisis. In 1895, when the U.S. gold reserves were too low to face the crisis, it also relied on the joint efforts of the Morgan family and the Rothschild family to tide over the crisis. What's worse is that the gold standard determines that central banks can't adopt expansionary policies when the economy is in recession, so the recession and even depression often last longer. For example, after 1929, the global economy experienced almost 10 years of deflation. So far, many scholars still advocate the advantages of the gold standard, but the scarcity of gold is doomed to the continuous decline of the gold content of currency in circulation, the continuous decline of prices expressed in gold, or the transition from the virtual gold standard to the credit standard. In the past 200 years, except for 1939 and other occasional years, gold reserves have never been able to meet the requirements of money circulation. In addition, the gold price itself is volatile, which makes it impossible for the gold standard to stabilize prices and prevent financial crisis. It took two centuries for the gold standard to remind us that the good memories of the gold standard are largely untrue. The hallucination of physical standard and its serious defects, the admiration of gold standard has led to a more bold and amazing idea, that is, human beings can return to the physical standard and use limited natural resources such as oil, black and non-ferrous metals, coal and so on as a combination to serve as the international monetary standard. In fact, as early as 1931, Graham had foreseen these defects and proposed the combination commercialization of money, that is, people can use a group of basic commodities, such as steel, copper, coal, wood and wheat, as the monetary base to issue money. However, the obvious defects of the physical standard determine that it is hardly an issue that economists are willing to devote their time to discuss. First, commodities used as the base currency are often hoarded. Take the United States as an example, a large amount of global monetary gold was stored in the United States. For example, when World War II broke out, about 80% of global monetary gold was stored in the United States. However, under the physical currency standard, if those metal, energy and currency based commodities are also stored like gold, regardless of the storage cost and sustainability, such a large number of resource assets will be stored away from the operation of the global economy, which will be disastrous in itself. Second, when people try to issue money with full physical capital mortgage based on commodity group, it may bring more problems to the monetary system than it can solve. It will not only make the cost of setting up, storing and keeping these so-called commodity groups extremely high; In the event of a monetary crisis, because the composition of the mortgage commodity group as the basis of monetary value is complex, it is difficult to divide and distribute, and it is impossible to cash with the corresponding currency, the monetary system will lose almost all of its self-regulation ability to the financial crisis. It seems that up to now, we have neither explored nor fully foreseen a more just and stable monetary system in the new century that can replace the current international monetary system. However, returning to the gold standard or even adopting the physical standard is a dream far away from history and the reality of global economy and finance. However, doubts about the gold standard and commodity standard do not conflict with the fact that some developing countries' central banks should moderately increase their holdings of gold. At present, among the major countries in the world, the data disclosed by the US government is about 8000 tons of gold. In addition, there may be a considerable part of government gold entrusted to investment banks for management. The European Central Bank may even hold more than one trillion gold reserves. As far as developed economies are concerned, gold reserves of various countries often account for more than 40% of international reserves. Therefore, it is very important for developing countries to make prudent use of domestic gold
mining, study the international gold market and increase their gold holdings to a reasonable level. However, it remains to be considered whether it is a good policy to increase gold holdings at a time when the international gold price is so high The author is director of financial research center of Beijing Normal University
9. To put it simply, the world needs a common currency to pay for. Gold is one, but the output is small. So we need another currency. If the world uses this kind of currency as a means of payment, then the foreign trade and economy of all countries will be controlled by this currency. The economy of the currency owner must be fully supported.
10. The US dollar can become the currency in circulation in the world. All this is not out of thin air. It is based on the super powerful military, instrial and commercial strength of the United States in World War II
the most fundamental thing is that the United States is the only instrialized country in the world that has not been destroyed, and it will obviously become a superpower. We all want and have to buy things from the United States. Exchange and loan with us, OK, please use US dollar. Before the Second World War, the British Empire, which had strived to become the world leader through the first instrial revolution for nearly two hundred years, was helpless in the face of Germany, which had not been killed in the first World War
after World War II, the glory of the Empire was almost gone. At the stage of cleaning up the battlefield, the Americans called for a meeting to propose a new world order. Once, after World War I, the meeting stipulated the tonnage allocation of global naval ships. However, the Americans understood that the allocation of military strength had been basically determined. The two poles of the United States and the Soviet Union, and more importantly, the establishment of trade status in the future, were born from the operation of the Bretton Woods system
the core content of the Bretton Woods system is that 35 US dollars are exchanged for 1 ounce of gold, and other world currencies are pegged to the US dollar, which is limited to 1% fluctuation. This means that in order to maintain such a stable monetary value system, the United States needs to reserve a large amount of gold to support its commitment, while countries in the world need to hold a large amount of dollars to endorse its monetary value
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extended information:
before the US dollar became a global settlement currency, there were Portuguese silver, Spanish silver, Dutch guilder and British pound. These currencies came to the stage of history by relying on their dominant position in international trade. Of course, with the decline of their respective national strength, they gave way to the latecomers
in the era of hard currency, the role of national trade power in the status of national currency is auxiliary. The first thing is that this kind of currency, such as Spanish silver dollar, is indeed real gold and silver. Moreover, the trade participants believe that the credit of Spanish merchants or Spanish coins will not be short of two. Trade power is only a means to send this kind of currency to all regions of the world
similar to the channel strength emphasized by various e-commerce websites today, we sell the same things. If I have good delivery ability, I will certainly seize the market share. However, in the era of paper money, the situation has changed greatly. No matter how powerful the British Empire is, no matter how wide the channels are, pound notes will be taken to China. Sorry, they can't circulate in China
in this way, as a money collector in trade, the question to be considered becomes "since I can't spend it in China, can I go to other places to buy what I want with this paper?" At that time, the British Empire dominated the world, and you wanted to buy the world's most advanced machinery, technology and even ecation with his fat man
it's OK for you to buy it. You want to buy wood, ore and gold. It's OK. The colonies that proce these are all mine, and the whole world wants to buy them. In this way, pound sterling will naturally become a popular currency
