Definition of virtual currency in Japan
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
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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
virtual currency and electronic currency are not the same concept
the definition of e-money is to convert a certain amount of cash or deposit from the issuer and obtain data representing the same amount. By using some electronic methods, the data can be directly transferred to the payment object, so as to pay off the debt. E-money means that consumers pay traditional money to issuers of e-money, and issuers store legal money of equal value with traditional money in electronic devices held by consumers
electronic currency is the electronization of the legal tender, including our common bank cards, Internet banking, electronic cash, etc., as well as the third party payment developed in recent years, such as Alipay, fortune paid and so on. No matter what form these electronic currencies are and through which institutions they circulate, their original source is the legal money issued by the central bank
but virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. For example, Tencent Q currency and other game currency, such virtual currency is mainly limited to circulation in a specific virtual environment. After the emergence of bitcoin, through the blockchain technology to better solve the problem of decentralization, distrust, to achieve global circulation, is sought after in the world. Electronic currency and virtual currency are collectively referred to as digital currency
Japan is also the first country in the world to legislate on virtual currency. Just in April last year, Japan's "change of capital payment law" was formally established. Virtual currency is defined as having the function of currency and can be used for monetary payment. Moreover, some time ago, the tycoons of the domestic currency circle also went to Japan one after another to learn from Japan
Finally, the popularity of virtual currency in Japan is also the intentional guidance of the Japanese government. The emergence of virtual currency gives the Japanese government a new "future". The Japanese government hopes to establish a monetary system independent of the U.S. regulation through virtual currency, so as to revive its so-called great power statushowever, we should also see that Japan's too loose virtual monetary environment has also led to many negative problems. For example, the frequent theft of virtual currency makes the Japanese government have to intervene in the asset security of the virtual currency market. As a result, Japan has strengthened the supervision of virtual currency, and the virtual currency market has become a bit quiet - exchanges such as hotcoin and BIGone have even given up Japanese language services
in this bill, the Legislative Council defines bitcoin as an asset rather than a currency. People can use it as a way of payment for transactions
relevant units have also put forward requirements that service providers or exchanges operating in bitcoin must register with the Prime Minister of Japan, and the capital scale must not be less than 10 million yen. They must have information technology systems that can prevent theft and loss, and must establish a variety of systems and processes, involving training, internal regulations, governance, outsourcing guidance, etc
the amendment bill also amends the prevention of the transfer of proceeds of crime act. Regulators have asked bitcoin to implement a more stringent "know your customer" process than it currently does. The exchange must verify the identity of the account opening user, keep the transaction records, and report the suspicious transaction records to the regulatory authorities.
The symbol of RMB in China is "￥"; Symbol of Japanese currency: "JPY ￥" &# 165; Is the currency symbol of the following two currencies:
1, Japanese yen (JPY), RMB (CNY)
2. ISO 4217, the international organization for standardization, defines the standard code as JPY (Japanese yen). When using "& In case of confusion between RMB and yen, "RMB &" should be used As a symbol of RMB
3. Like RMB, Japanese yen is also expressed in ￥, but the difference is that after the number, the Japanese yen is expressed by adding an e word, such as ￥ 1400E
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1, Japanese yen
(1) Japanese yen (Japanese: 円, Japanese Roman: en, English: yen), whose banknotes are called Japanese bank notes, are legal tender of Japan, and Japanese yen is often used as reserve currency after US dollar and euro
(2) yen is the name of monetary unit in Japan, which was founded on May 1, 1871. In 1897, Japan established the gold standard system, and the gold content was set at 0.75 g. in May 1953, the gold content was announced to be 0.00246853 g. on March 31, 1988, the gold standard system was completely abolished (3) there are four kinds of banknotes in issue, namely, 1000, 2000, 5000 and 10000 yen, and six denominations of coins, namely, 1, 5, 10, 50, 100 and 500 yen2. RMB
(1) RMB (abbreviation: RMB; Currency code: CNY; Currency symbol: & It is the legal tender of the people's Republic of China. Issued by the people's Bank of China, the currency was first issued on December 1, 1948. Until the new version was launched on October 1, 1999, a total of five sets were issued, forming a multi variety and multi series monetary system including banknotes, coins and plastic banknotes, ordinary commemorative coins and precious metal commemorative coins
(2) on November 30, 2015, the International Monetary Fund announced that RMB will be officially included in the IMF's special drawing rights basket, with a weight of 10.92%. The resolution will take effect on October 1, 2016. On January 15, 2018, Germany and France announced that they had included RMB in their foreign exchange reserves. The two major economies in the euro area cast a vote of confidence in RMB, which shows that RMB's position in settlement and reserve on the international stage has further risen
The symbol of RMB is the same as that of Japanese currency, there is no difference between them; ￥"
yen; Source: at the end of the shogunate period, the English and American people called him yen instead of the Japanese Roman character en. In order to cater to the habit of two lines of the dollar, we put two horizontal lines on the initial y
RMB; Source: the symbol of RMB is the Pinyin Yu of "Yuan" á The first letter of n is y, with two horizontal lines
"Bi" refers to the common word "Yuan" in the book of traveling to Japan, Volume 20, Japanese literature, Japanese characters in the appendix of Japanese table, written by Fu Yunlong in the late Qing Dynasty. In addition, in the middle period of Edo era (1766), Japanese taizai Chun cited the common word "Yuan Yuan Yuan" + "in the form of
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< P > in 1935, the Kuomintang government reformed the currency system and forced to determine the currency in circulation, namely" legal currency " At first, the French currency only kept a certain price comparison with the British pound. Later, with the increasing role of the US dollar in the international market, the French currency was linked with the US dollartherefore, the symbol of legal currency is written as "$" by borrowing the symbol of US dollar
On December 1, 1948, the people's Bank of China was established and issued the first set of RMB in New China. However, in the early days of liberation, people used to use "$" as the head symbol when writing Arabic numerals It was not until March 1, 1955 that the people's Bank of China issued the second set of RMB that the symbol of RMB was formally determinedbecause the unit of RMB is "Yuan", and the Chinese spelling of "Yuan" is "Yuan", the symbol of RMB adopts the first letter "Y" in the Chinese spelling of "Yuan"
in order to distinguish the misidentification and miswriting between "Y" and Arabic numerals, the word "Y" is written with two horizontal lines, and its pronunciation is still "Yuan"
since then, people began to use the "￥" symbol to express RMB, and use it as the head symbol when writing digital amount, such as "100" or "RMB 100" for RMB 100
The unit of currency in Japan is the yen
Japanese yen (Japanese: 円, Japanese Roman: en, English: yen), whose banknotes are called Japanese bank notes, is the legal currency of Japan, and Japanese yen is often used as reserve currency after US dollar and euro Japanese yen is the name of Japanese currency unit, which was founded on May 1, 1871. In 1897, Japan established the gold standard system, and the gold content was set at 0.75 g. in May 1953, the gold content was announced to be 0.00246853 g. on March 31, 1988, the gold standard system was completely abolishedthere are four banknotes in circulation, namely, 1000, 2000, 5000 and 10000 yen, and six coins in denominations of 1, 5, 10, 50, 100 and 500 yen
On November 1, 1984, the Bank of Japan issued three new banknotes of 10000, 5000 and 1000 yen. In the past, the banknotes of 10000 yen (the image of Prince Shengde), 5000 yen (the image of Prince Shengde), 1000 yen (the image of ITO Bowen) and 500 yen (the image of Iwakura REI) are still in circulation At present, there are three kinds of banknotes in circulation in Japan: 1000, 5000 and 100001000
obverse: Japanese medical scientist Hideki Noguchi (Natsume Soseki before November 2004)
reverse: Mount Fuji and Japanese national flower Sakura
5000
obverse: Japanese female novelist Ichiba sakuchi (made for niwato before November 2004)
reverse: Japanese artist masaku Guanglin's decorative painting "butterfly flower"
10000
obverse: Japanese writer Ecator Yukichi Fukuzawa back: Phoenix sculpture on the roof of the Phoenix Hall of the equality court there are six coins with denominations of 1, 5, 10, 50, 100 and 500