Virtual currency network finance license
It is illegal to issue virtual currency privately
According to Article 29 of the regulations of the people's Republic of China on the administration of RMB, no unit or indivial is allowed to print or sell token tickets to replace RMB in circulation on the market In addition, the "emergency notice of the State Council Office for rectifying unhealthy tendencies in the instry, the State Economic and Trade Commission and the people's Bank of China on prohibiting the issuance and use of various token certificates (cards)" also strictly prohibited similar issues 
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virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, q-coin of Tencent company, q-point and voucher of Shanda company, micro currency launched by Sina (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver grain (used for bixue Qingtian game), and popular digital currencies in 2013 include bitcoin, Laite coin, infinite coin, quark coin, zeta coin, etc Barbecue coins, pennies (Internet), invisible gold bars, red coins, prime coins. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"
market formation
the Internet has led to the emergence of a new market, which is a virtual market based on cyberspace. The Internet provides a lot of communication places for consumers, and also provides business market for enterprises. Enterprises must change from proct centered to service centered to customer centered. With the development of computer artificial intelligence technology and database technology, enterprises can conveniently collect customers' information, understand customers' needs in time, change business strategies and grasp economic arteries in real time
With the rapid development of computer and network communication technology, the application of Internet technology has graally penetrated into various fields of human activities, and the unlimited business opportunities that it contains make businesses turn their eyes to e-commerce. E-commerce is penetrating into all aspects of social and economic life at a speed that people can hardly imaginethe traditional finance is also closely watching this irresistible trend of global economic integration and networking. As a result, value-added services take art as the selling point and can be regarded as commodities; The sword in the game is not a brand-new financial services business philosophy - e-finance came into being
from the historical development process, to understand e-finance, we must start from the electronic finance and e-commerce. The so-called e-financialization means that financial enterprises adopt modern communication, computer, network and other information technology means in addition to Internet technology to improve the work efficiency of traditional financial service business, rece operating costs, realize the automation of financial business processing, informatization of financial enterprise management and scientific decision-making, and provide customers with faster and more convenient services, And then enhance the financial enterprise is the behavior of market competitive advantage
e-finance is a transcendence of financial electronization. Different from the electronic finance, the main technical basis of e-finance operation is the increasingly perfect Internet technology. Due to the characteristics of global connectivity, openness, quickness and low marginal cost of Internet technology, e-finance strengthens the restructuring and innovation of financial services business based on Internet technology, so that customers are free from the restrictions of business hours and places, and enjoy all kinds of high-quality and low-cost services provided by financial enterprises anytime and anywhere
with the development of Internet, the form of money is becoming more virtual, and there is an electronic money that only exists in the form of electronic signal
reference source: Network: virtual currency
Digital money is legal
digital currency itself is legal in China. Digital currency is defined as Internet goods in China, but the relevant supervision is still blank, and digital currency is still in the gray area in China. Well known digital currencies include bitcoin, Leyte coin, Ruitai coin, thousand gold card, dog coin, etc
however, there are also some non developers who use the cover of digital currency to carry out pyramid schemes, such as the Vicat scheme, treasure scheme, Porter scheme and so on
development materials:
digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency
Internet currency of Internet company, QQ currency of Tencent company, q-point, voucher of Shanda company, micro currency launched by Sina (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), and silver pattern (used for bixue Qingtian game)
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), Wright currency (LTC), etc. 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
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strict law enforcement:
(23) enterprises engaging in online game virtual currency issuance and trading services without permission shall be investigated and dealt with by cultural administrative departments at or above the provincial level in accordance with the Interim Provisions on Internet culture management
(24) for the online game virtual currency issuing and trading service enterprises that violate the requirements of this circular, the cultural administrative department and the competent commercial department shall notify them to rectify within a time limit. Those who fail to rectify within the time limit shall be investigated and dealt with by relevant departments according to law (25) establish a coordination mechanism for the management of virtual currency in online games, and intensify the crackdown on illegal activities such as "number theft", "private service", "plug-in", illegal profits, money laundering, etc. All departments should regularly communicate, coordinate and cooperate with each other, timely report the relevant situation, and do a good job in the management of online game virtual currency within their respective responsibilities (26) the online game virtual currency issued by the online game operation enterprise shall not coincide with the name of the props in the game. The administrative provisions for props in online games shall be formulated separately by the cultural administrative department of the State Council in conjunction with relevant departmentssource: Internet virtual currency
in the people's Republic of China, the five ministries and commissions of the CPC Central Committee jointly issued a document on December 5, 2013, saying that the people have the freedom to participate in Internet Finance on the premise of taking their own risks. The risk prevention notice of the five ministries and commissions of the central government is that for Internet virtual currency, the public has the freedom to participate on the premise of risk bearing. This law works better than a business license, but at your own risk. This is the instruction of the Party Central Committee. Listen to the party, follow the party and make our fortune! At the Boao Forum for Asia held in April this year, Zhou Xiaochuan, governor of the central bank, said that since digital currency is not the currency initiated and approved by the central bank, it is impossible to ban it. Digital currency belongs to digital assets, which can be freely traded between indivials. Therefore, digital currency is not MLM, not capital disk, but a kind of financial investment. Let me talk about the bonus system of BBT. There are two kinds of income of BBT:
one and 160; Static income
&&# 160;&# 160;&# 160;&# 160; A mint of 800 yuan has a daily capacity of 8 gold coins,
65% of which is 5.2 gold coins, which can be sold and cashed into RMB when accumulated to 100,
the other 35% is 2.8 gold seeds. When accumulated to 800, the system will automatically buy a New Mint and take 8 more gold coins every day< br /> &# 160;&# 160;&# 160;&# 160;&# 160; Each Mint has a total of 1600 gold coins. After proction, the mint stops proction, 1040 of which can be converted into gold coins and 560 into gold seeds
you can choose to convert 100 gold coins into cash to recover the cost first
of course, there are still people who do not cash at the beginning, but adopt the re investment<
the second income of BBT is dynamic income
the first prize, &; It's a performance award
every person recommended gets 100 gold coins, which is paid in seconds
the second prize; It's a double area arrangement of money picking prizes, with 100 gold coins in the two layers,
b from top to bottom and from left to right (6 points) occupied, the system will automatically enter the next cycle,
C each cycle prize is 600 gold coins, infinite cycle
as shown in the figure,
as long as you are at the highest position, you can pick up money no matter whether the six positions below you are members recommended by you or not, which is the money picking prize
similarly, members in position 1 can pick up money in positions 3 and 4, which may not be members recommended by position 1
similarly, members in position 2 can pick up money in positions 5 and 6, The members of positions 5 and 6 who pick up money are not necessarily the members recommended by 2.
picking up money is an infinite cycle, and when they reach 6, they can automatically enter the next cycle, and when they enter the next cycle, they can also have the opportunity to pick up money
the third is the leadership award&# 160;&# 160; Take 10% of the daily proction capacity of generation 1-10
&; Leadership Bonus, which is the most important part of the bonus. Leadership bonus can take 10% of all proction capacity within 10 generations per day, every day. Moreover, with the increase of the number of mints in your team as a whole, leadership bonus will continue to rise. It should be noted that one person is recommended to take one generation, two people are recommended to take two generations, and so on. Although the depth is limited, but the width is unlimited! The highest leadership award is 10000 per day< br /> &# 160; If the member you recommend invests 800, he will get 8 gold coins every day, and you can get 10% of his daily proction capacity, that is, 0.8 gold coins. Although 0.8 gold coins are few, the power of compound interest multiplication is amazing
suppose you directly recommend 10 members, all of which belong to your first generation,
these 10 members recommend 10 more, 10 * 10 is 100, and these 100 members are your second generation,
then each of these 100 people recommends 10 members respectively, and 100 * 10 is 1000, and these 1000 members are your third generation,
&; Then you have 1110 members in the first three generations; According to the most basic investment of 800 yuan per person to buy a mint,
&; Then the leadership award you get every day is: 0.8 * 1110 = 888,
& 160; Is it a pleasure to earn 888 gold coins every day< br /> &# 160;&# 160;&# 160;&# 160;
moreover, the leader's bonus can be obtained for 10 generations in a row, for example
Hello! I'm glad to answer your question
at present, there are few countries in the world that issue supervision licenses for digital currency asset transactions, such as austrac license in Australia, MTR digital currency transaction / wallet license in Estonia, token license in Thailand and jvcea virtual currency transaction license in Japan
among the digital currency trading licenses in the above countries, Japan and Thailand have too high qualification requirements, and few exchanges or indivials meet the qualification requirements
Australia austrac and Estonian MTR can basically meet the qualification requirements. However, after the amendment of Estonian act on March 10, 2020, and the promulgation of the act on qualification, capital verification and local actual office space, the application cycle will be extended accordingly
at present, only ausrac in Australia is the most suitable license for digital currency asset trading license. It does not need capital verification, certificate fee and local office address. The application cycle is short and the qualification requirements are low. It can basically meet the qualification requirements. It has high international reputation and is the most cost-effective license at present. It can be considered directly
China does not have the first legal virtual currency. At the end of 2013, the central bank and other five ministries and commissions issued the bitcoin risk notice, which clearly defined bitcoin as a special Internet commodity, and the public can buy and sell it freely on the premise of taking their own risks
other digital confidential currencies are also suitable, such as Laite coin, the ancestor of Shanzhai coin, Fuyuan coin for business points in jewelry instry, dog coin for small reward, etc. But although virtual currency exists legally in our country, it is illegal to cheat under the guise of virtual currency
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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 transactions of online virtual currency have 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. Take 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
network problems
in addition to direct cash, virtual currency can also be purchased by SMS, internet transfer and fixed telephone recharge. These ways of purchase not only provide convenience for users, but also have many risks
such as embezzlement of telephone recharge and purchase by minors. In addition, virtual currency does not have the anti-counterfeiting technology of real currency. Computer hackers may use its security loopholes to proce counterfeit currency. Relevant personnel of the State Administration for Instry and Commerce said that virtual currency transaction is a business behavior derived from the Internet era, and there are no clear legal provisions to regulate it, and there are no items related to virtual goods transaction in the scope of instrial and commercial registration
but when the virtual property transaction graally employs people, places are fixed, transaction profits are clear, and has the nature of operation, it may involve market order and tax issues. Even game operators have no ability to control. There are a large number of "counterfeit banknote makers" in the network. Take the winger who is mainly engaged in chess and card online games as an example, the purchasing power of his online currency has shrunk by nearly 40% in one year. Many people point out that such inflation will only damage netizens and make them lose confidence in the Internet
reference source : network virtual currency
in China, there are as many as 25 types of financial licenses, mainly including: Bank, insurance, securities company, fund, trust, third-party payment, credit reference, etc., which are approved by the central bank, China Banking Regulatory Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission and other institutions< The main business of the third party payment is: online payment, issuance and acceptance of prepaid cards, and payment service Bank card acquiring
main laws:
(1) administrative measures for payment services of non-financial institutions (order [2010] No.2 of the people's Bank of China)
(2) detailed rules for the implementation of administrative measures for payment services of non-financial institutions (announcement [2010] No.17 of the people's Bank of China)
2. Credit investigation
main business: credit investigation
main laws:
(1) people's Bank of China Law of the people's Bank of China of the people's Republic of China (2) Company Law of the people's Republic of China (3) Regulations on the administration of credit reference instry (4) measures for the administration of credit reference institutions (order of the people's Bank of China, 2013) No.1 Credit and other business
main laws:
(1) law of the people's Republic of China on commercial banks
(2) measures for the implementation of administrative licensing matters of Chinese funded commercial banks
4. Trust (suspension of issuance)
main business: all kinds of trust business The main laws are as follows:
(1) measures for the administration of trust companies (CBRC order [2007] No. 2)
(2) measures for the implementation of administrative licensing matters of non bank financial institutions of China Banking Regulatory Commission (CBRC order 2015 No. 6)
(3) measures for the administration of trust companies (CBRC order [2007] No. 2)
(2) measures for the implementation of administrative licensing matters of non bank financial institutions of China Banking Regulatory Commission (CBRC order 2015) No Measures for the implementation of administrative licensing matters of trust companies (Order No. 5 of China Banking Regulatory Commission, 2015)
revision / modification: the original measures for the implementation of administrative licensing matters of non bank financial institutions of China Banking Regulatory Commission (Order No. 13 of China Banking Regulatory Commission, 2007) shall be abolished as of June 15, 2015
5. Financial leasing
main business: financial leasing, inter-bank lending, borrowing from financial institutions Main laws:
(1) measures for the administration of financial leasing companies (CBRC Order No. 3, 2014)
amendment / modification: the original measures for the administration of financial leasing companies (CBRC Order No. 1, 2007) was abolished on March 13, 2014
6. Money brokerage
main business: promoting derivatives trading Bond trading and other brokerage services
main laws:
(1) measures for the implementation of administrative licensing matters of non banking financial institutions of China Banking Regulatory Commission (CBRC Order No. 6, 2015)
amendment / modification: the original measures for the implementation of administrative licensing matters of non banking financial institutions of China Banking Regulatory Commission (CBRC Order No. 13, 2007) Repeal< Main business of loan companies: various loans, settlement under loans, bill discount
main laws:
(1) Regulations on the administration of loan companies (No.76 [2009] of the people's Republic of China Banking Regulatory Commission)
revision: the Interim Regulations on the Administration of loan companies (No.6 [2009] of the people's Republic of China Banking Regulatory Commission) has been abolished since August 11, 2009< Main business of consumer finance: issuing loans for the purpose of consumption. Main laws: (1) law of the people's Republic of China on banking supervision and administration; (2) Company Law of the people's Republic of China; (3) measures for the pilot administration of consumer finance companies (order No.2 of China Banking Regulatory Commission, 2013)
amendment / modification: the original Consumer Finance Corporation The measures for the administration of pilot projects of the Department of Finance and instry (Order No. 3 of 2009 of CBRC) shall be abolished as of January 1, 2014< Main business: financial management services
main laws:
(1) measures for the administration of financial companies of enterprise groups (Amendment) (order No.8 of 2006 of China Banking Regulatory Commission)
approval by China Securities Regulatory Commission
10. Securities companies
main business: securities underwriting and recommendation, brokerage, self-management, direct investment, securities investment activities, securities trading, securities trading and so on Securities asset management and margin trading and other major laws:
(1) securities law
(2) Regulations on the supervision and administration of securities companies (revised in 2014)
amendment / modification: on March 8, 2017, the fifth session of the 12th National People's Congress held the second plenary session, which indicated that the securities law would be amended this year
11. Public funds
main business: public funds Main laws on institutional business:
(1) law of the people's Republic of China on securities investment funds (revised in 2015)
(2) measures for the administration of securities investment fund management companies (Order No. 84 of the CSRC on September 20, 2012)
(3) Interim Provisions on the administration of public offering securities investment funds by asset management institutions (announcement [2013] No. 10 of the China Securities Regulatory Commission)
Amendment: the original measures for the administration of securities investment fund management companies (Order No. 22 of the CSRC) shall be abolished as of November 1, 2012
12. Futures
main business: futures business
main laws:
(1) Regulations on the administration of futures trading
(2) measures for the administration of futures companies (Order No. 110 of China Securities Regulatory Commission)
amendment / modification: since October 29, 2014, The following three regulations are repealed: the measures for the administration of futures companies (Order No. 43 of CSRC) issued on April 9, 2007, the provisions on the administration of futures business departments (Trial Implementation) issued on November 3, 2011, and the provisions on issues related to the change of registered capital or equity of futures companies (Announcement No. 11 of CSRC) issued on May 10, 2012<
13. Fund sales
main business: selling fund shares, handling fund share subscription, redemption, etc.
main laws:
(1) measures for the administration of sales of securities investment funds (Order No. 91 of China Securities Regulatory Commission)
amendment / modification: Measures for the administration of sales of securities investment funds (Order No. 72 of China Securities Regulatory Commission) shall be abolished on June 1, 2013
14. Fund sales payment
main business: Monetary Fund Transfer Service
main laws:
(1) measures for the administration of sales of securities investment funds (Order No. 91 of China Securities Regulatory Commission)
amendment / modification: Measures for the Administration of sales of securities investment funds (Order No. 72 of China Securities Regulatory Commission) shall be abolished on June 1, 2013
15. Fund subsidiaries
main business: asset management for specific clients, asset management for specific clients, and Main laws on fund sales:
(1) Pilot Measures for asset management business of specific clients of fund management companies
(2) measures for the administration of sales of securities investment funds (Order No. 91 of China Securities Regulatory Commission)
amendment / modification: Measures for the Administration of sales of securities investment funds (Order No. 72 of China Securities Regulatory Commission) shall be abolished on June 1, 2013<
16. Professional subsidiaries of securities companies
main business: single or multiple securities businesses
main laws:
(1) Trial Provisions on the establishment of subsidiaries by securities companies (announcement of China Securities Regulatory Commission [2012] No. 27)
(2) securities law of the people's Republic of China
17. Asset management of securities companies
main business: collective investment of customer assets, Or special investment in client assets
main laws:
(1) measures for the administration of client asset management business of securities companies (Order No. 93 of China Securities Regulatory Commission)
(2) Regulations on the administration of securities companies (revised in 2014)
(3) detailed rules for the implementation of collective asset management business of securities companies (Order No. 93 of China Securities Regulatory Commission) The following two laws and regulations are repealed: the measures for the administration of customer asset management business of securities companies (Order No. 87 of the CSRC) promulgated on October 18, 2012, and the detailed rules for the implementation of collective asset management business of securities companies (Notice No. 29 of the CSRC) promulgated by the CSRC on October 18, 2012<
18. Equity crowdfunding
main business: equity financing
main laws:
(1) measures for the administration of private equity crowdfunding financing (Trial) (Draft for comments)
(2) securities law
(3) company law of the people's Republic of China
(4) opinions on further promoting the healthy development of capital market (GF [2014] No. 17)
revision / amendment Situation: the measures for the administration of private equity crowdfunding financing has not been released
CIRC approval
19. Insurance
main business: property insurance, life insurance, universal insurance; Major laws at home and abroad: Insurance Law of the people's Republic of China (revised in 2015)
20 Insurance brokerage
main business: insurance intermediary service
main law: Insurance Law of the people's Republic of China
approval by other authorities
21. Small loan company
approval authority: provincial financial office
main business: non mortgage loan, mortgage loan, mortgage loan, etc The main laws are as follows:
(1) guiding opinions on the pilot of small loan companies (No.23 [2008] of China Banking Regulatory Commission)
(2) measures for the administration of small loan companies (Draft for comments)
22. Financing guarantee
approval authority: provincial financial office
main business: loan guarantee L / C guarantee, etc.
main laws:
(1) Interim Measures for the administration of financing guarantee companies (Order No. 3, 2010, issued by seven ministries and commissions including CBRC)
23. Financial leasing
examination and approval authority: Ministry of commerce
main business: foreign investment financial leasing Domestic financial leasing
main laws:
(1) measures for the supervision and administration of financial leasing enterprises (Shang Liu Tong Fa [2013] No. 337)
(2) Notice on issues related to engaging in financial leasing business (Shang Jian Fa [2004] No. 560)
(3) measures for the administration of foreign investment leasing instry (2015 Amendment)
revision / modification: at the beginning of 2016, The Ministry of Commerce launched the revision of the measures for the supervision and administration of financial leasing enterprises< Commercial factoring
24. Approval authority: Ministry of Commerce
main business: accounts receivable financing, management, collection, repayment guarantee
main laws:
(1) contract law
(2) Company Law
(3) property law
(4) measures for the administration of commercial factoring enterprises (Trial) (Draft for comments)
(5) laws on foreign investment Administrative regulations
25. Pawnbroking Business
approval authority: Ministry of Commerce
main business: Pawnbroking Business
main laws:
(1) measures for the administration of pawnbroking (Decree No. 8 of 2005 of Ministry of Commerce and Ministry of public security)
(2) Regulations on the supervision of pawnbroking instry (Shang Liu Tong Fa [2012] No. 423)