Tianyi Jiahe virtual currency
virtual currency is the currency used for electronic circulation. Now the scope of virtual currency is very large, including q-coin, bitcoin and so on. With the development of digital currency, virtual currency is becoming more and more abundant, which may become the mainstream in the future. For example, BTC, EOS, bcbot and so on are not only virtual currencies, but also algorithms, landing projects and technologies
virtual currency is mainly issued by online game service providers to purchase game props, such as equipment, clothing, etc. But at present, the use of virtual currency has gone far beyond this category. Virtual currency can be used to buy game cards, physical objects and download services of some movies and software
extended data:
real risk
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 transaction of online virtual currency has 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
Taking 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
reference: network virtual currency
2. Bitcoin was born in 2008 and has been known for more than 10 years; Gold originated from the feudal dynasty, with a history of thousands of years and a strong consensus
3. There are only 21 million bitcoins. The total amount of bitcoins is constant and will never be issued again. The mining cycle is halved every four years, which is deflationary; Gold needs physical mining, and the total amount of gold will change with the continuous mining
4. Bitcoin has the value of saving, and gold has the value of collecting
5. Bitcoin is divisible. One bitcoin can be divided into innumerable parts, up to 8 decimal places; Gold can not be subdivided, and the cost of segmentation is high and inconvenient
6. Bitcoin is more convenient to save assets. As long as you keep your private key, you can keep your wealth in your hands all the time; Gold cannot be stored in large quantities and needs to be stored in third-party institutions. It is clear how many asset centralization institutions there are.
Virtual currency does not belong to currency, because it is not legal tender issued by monetary authority. It is a specific virtual commodity in essence
the announcement jointly issued by the seven ministries and commissions clearly points out that the token or "virtual currency" used in token issuance and financing is not issued by the monetary authority, does not have monetary attributes such as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be used as currency in the market
at the same time, the announcement also pointed out that illegal selling and circulation, raising so-called "virtual currency" from investors, such as bitcoin and Ethernet, is essentially an unauthorized illegal public financing behavior, which is suspected of illegal selling token bills, issuing securities, illegal fund-raising, financial fraud, pyramid selling and other illegal criminal activities
Chen Jiahe, chief strategic analyst of Xinda securities, said that the protection of the value of real money or things with monetary attributes comes from two aspects: one is the strong guarantee and endorsement of the state power, and the other is the general public use and irreplaceable. Therefore, virtual currency is obviously not real currency
People's Daily: be alert to the risk of virtual currency speculation
after the regulatory authorities have made clear their attitude, although bitcoin China, hotcoin and other "virtual currency" operators have successively taken restrictive measures on the trading platform, the risk of "virtual currency" speculation still deserves high vigilance
in response, the China Internet Finance Association also said in the "tips on preventing the risks of bitcoin and other so-called" virtual currencies ", that bitcoin and other so-called" virtual currencies "lack a clear value basis and are increasingly becoming tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other criminal activities
investors participate in speculation through the "virtual currency" trading platform, and face the risk of price fluctuation, security risk, platform technology risk, etc., which need to be borne by investors themselves
in an interview with our reporter, Jin Yu, director of the Department of economics, School of economics, Shanghai University of Finance and economics, pointed out that supervision is very important to finance. Compared with the traditional financial procts and activities, "virtual currency" does not have an objective value reference at present
the financial activities based on "virtual currency" are far away from the regulatory system for a long time, so the related financial activities are easy to fall into the problems of "expected pricing" and "emotional pricing"
in this context, "virtual currency" may not only hide the grey transaction or even the black transaction, but also cause all kinds of risks, "crowd out" the real financial innovation, which is not concive to the sustainable and healthy development of Internet finance
It's illegal
LCC belongs to virtual currency. Virtual currency trading is banned in China
the people's Bank of China and other seven ministries and commissions jointly issued the announcement on preventing the financing risk of token issuance, which clearly regulates the relevant behaviors. Some of the announcements are as follows:
the token or "virtual currency" used in token issuance financing is not issued by the monetary authority, does not have the monetary attributes of legal compensation and mandatory, does not have the same legal status as currency, and cannot and should not be used as currency in the market
at the same time, it also points out that illegal selling and circulation, and raising so-called "virtual currency" from investors, such as bitcoin and ether coin, is essentially an unauthorized illegal public financing behavior, which is suspected of illegal selling token bills, issuing securities, illegal fund-raising, financial fraud, pyramid selling and other illegal criminal activities
for the token financing trading platform with illegal problems, the financial management department will request the competent department of telecommunications to close its website platform and mobile app according to law, request the network information department to remove the mobile app from the app store, and request the instrial and commercial administration department to revoke its business license according to law
extended materials
be alert to the risk of virtual currency speculation
in the "tips on preventing the risks of bitcoin and other so-called" virtual currencies ", the China Internet Finance Association also said that bitcoin and other so-called" virtual currencies "lack a clear value basis, and are increasingly becoming the focus of money laundering, drug trafficking, smuggling Illegal fund-raising and other illegal and criminal activities
investors participate in speculation through the "virtual currency" trading platform, and face the risk of price fluctuation, security risk, platform technology risk, etc., which need to be borne by investors themselves
reference materials: announcement on preventing the financing risk of token Issuance - China Securities Regulatory Commission