Can virtual currency be traded at any time

1. The people's Bank of China and other five ministries and commissions have made it clear in the notice on prevention of bitcoin risks issued in December 2013 that bitcoin should be a specific virtual commodity, which does not have the same legal status as currency, and cannot and should not be used as currency in the market The circular has previously required that financial institutions and Payment institutions shall not provide bitcoin registration, trading, clearing, settlement and other services for customers. Therefore, blindly "speculation" has risks, and investment needs to be vigilant to follow suit.

2. Blockchain technology, decentralized transactions. The legitimacy of virtual currency is not recognized in China, but it is relatively safe for the transaction itself.

3. Virtual currency mainly refers to the overseas market, so it is necessary to have an overseas bank account for virtual currency trading. At present, the most practical one is the Hong Kong bank account, which is not explicitly prohibited in Hong Kong, so it can be operated as long as the transaction complies with the bank regulations
of course, the Bank of Hong Kong can not directly open an account in the past, Banks in Hong Kong are no longer afraid of money laundering and fraud. They are domestic accounts
the landlord really wants to open a Hong Kong bank account, which we can help you to open successfully. The information is simple

4. According to the law, it is impossible to realize the transaction

1. The essence of virtual currency determines that it can't have the credit of money.
at the beginning of the emergence of money, it was a fixed commodity acting as a general equivalent, then there was an undervalued currency, and then it entered the era of dishonoured credit currency. Currencies of all countries are issued by the government's credit guarantee. For example, why Zimbabwe's monetary system failed? Recently, it applied to become a country using RMB. Because of hyperinflation, the credibility of the government can not be trusted, so the monetary system is no longer recognized by the people. There is no national credit behind the virtual currency. There is no confirmation and no reliable economic entity to support it. So its core value is not possessed
2. According to the law of our country, virtual currency can not be used as currency
the people's Bank of China announced that virtual currency has no monetary value, and residents should bear the investment risk. Therefore, it is illegal to use virtual currency transaction
3. China's current virtual currency is investment goods
China's current virtual currency is actually investment goods. Investors are ing money, but they don't care about its actual use value.

5. If it can only be traded on a single trading platform, or if there is no trading platform, the opening of Shanzhai coin can be postponed, because the opening time can be decided by the platform itself. However, bitcoin, Ruitai coin, Laite coin and Weimeng coin, which have been open for a long time, generally do not delay the opening.

6. This kind of virtual digital currency,
suspected of financial pyramid selling,
suggest not to participate,
in order to avoid economic losses.

7. Now all exchanges can trade. Recently I saw an exchange called idax established in Mongolia. It looks very good.

8. If you don't say it upstairs, I thought it would be sold the next day. It seems that bitcoin is really powerful, 24-hour trading, how big is the turnover?

9. Yes, bitcoin trading is 7 * 24 hours, but some small domestic exchanges are not very active in the evening