Reasons for the prosperity of virtual currency
Publish: 2021-05-12 12:38:18
1. Reason: with the rapid development of information technology, real money is far from meeting people's demand for capital flow. If there are enough people to recognize the value of a virtual currency, it may become a substitute unit of material exchange, and the existence of virtual currency will inevitably cause another upsurge in the financial sector
in view of the possible risks of virtual currency, many international organizations and central banks have responded publicly to the supervision of virtual currency system. These responses can be roughly divided into four categories: warning and risk warning, supervision and registration permission, legislative norms, and explicit prohibition
(1) warning and risk warning
some central banks and regulators have issued risk warnings against the special currency and virtual currency system. The federal financial regulatory authority of Germany, the Bank of France, the central banks of the Netherlands and Belgium have issued public warnings against the possible money laundering and terrorist financing caused by the use of bitcoin. In the report released at the end of 2013, the European Banking authority (EBA) warned consumers of many risks of virtual currency, such as exchange loss, e-wallet theft, unprotected payment, price fluctuation and so on. Although Spain did not have a similar risk warning, it issued a timely information announcement related to virtual currency
(2) supervision and registration license
generally speaking, international organizations believe that the supervision of virtual currency should find a balance between risk prevention and innovation promotion. Since 2012, Sweden has required transactions related to virtual currency to be registered with financial regulators. Other countries pay attention to qualification supervision, so as to make it indirectly meet the requirements of prudential supervision. In other countries, the regulation mainly focuses on the business model of virtual currency transaction. The financial prudential regulatory authority of France regards the provision of bitcoin circulation and trading services and the act of earning funds in the process as a payment service and requires the authorization of the government. In addition, some countries focus on the intermediary institutions related to virtual currency. The German federal financial regulatory agency and Danish regulators believe that the provision of intermediary services for virtual currency needs to be authorized< (3) legislative norms
at present, some countries have proposed legislation to regulate virtual currency transactions. Canada plans to legislate to allow the government to supervise the transaction of bitcoin, and to include the transaction of more than US $10000 into the scope of suspicious supervision. The United States hopes to adjust the relevant legal structure should be compared with the development of the special currency. In order to make the Bank Secrecy Act (BSA) applicable in the context of network, the financial crime enforcement network (FinCEN) of the U.S. Department of the Treasury issued the explanatory guidance on the behavior and subject definition of private generation, holding, distribution, trading, acceptance and transmission of virtual currency in 2013. The European central bank stressed that it should strengthen international cooperation under the existing legal framework, and regulate virtual currency from the European and global level under the existing legal framework. More countries believe that bitcoin is not a currency in circulation, has no legal status, and does not meet the definition of financial instruments, such as Finland, Sweden, Malaysia and Indonesia
(4) it is forbidden
in some countries, bitcoin related transactions are prohibited. In December 2013, the people's Bank of China banned financial institutions from trading in bitcoin, which was subsequently extended to payment service providers. The central banks of Thailand and Indonesia share the same attitude. The circulation of anonymous internet currency (including bitcoin) is prohibited by the Russian judicial inspection department as a substitute for currency. The Central Bank of Russia has earlier included the provision of bitcoin services in the scope of suspicious transaction monitoring. The U.S. Securities and Exchange Commission (SEC) has banned the issue of unregistered shares in exchange for bitcoin, and unregistered online securities trading activities in virtual currency.
in view of the possible risks of virtual currency, many international organizations and central banks have responded publicly to the supervision of virtual currency system. These responses can be roughly divided into four categories: warning and risk warning, supervision and registration permission, legislative norms, and explicit prohibition
(1) warning and risk warning
some central banks and regulators have issued risk warnings against the special currency and virtual currency system. The federal financial regulatory authority of Germany, the Bank of France, the central banks of the Netherlands and Belgium have issued public warnings against the possible money laundering and terrorist financing caused by the use of bitcoin. In the report released at the end of 2013, the European Banking authority (EBA) warned consumers of many risks of virtual currency, such as exchange loss, e-wallet theft, unprotected payment, price fluctuation and so on. Although Spain did not have a similar risk warning, it issued a timely information announcement related to virtual currency
(2) supervision and registration license
generally speaking, international organizations believe that the supervision of virtual currency should find a balance between risk prevention and innovation promotion. Since 2012, Sweden has required transactions related to virtual currency to be registered with financial regulators. Other countries pay attention to qualification supervision, so as to make it indirectly meet the requirements of prudential supervision. In other countries, the regulation mainly focuses on the business model of virtual currency transaction. The financial prudential regulatory authority of France regards the provision of bitcoin circulation and trading services and the act of earning funds in the process as a payment service and requires the authorization of the government. In addition, some countries focus on the intermediary institutions related to virtual currency. The German federal financial regulatory agency and Danish regulators believe that the provision of intermediary services for virtual currency needs to be authorized< (3) legislative norms
at present, some countries have proposed legislation to regulate virtual currency transactions. Canada plans to legislate to allow the government to supervise the transaction of bitcoin, and to include the transaction of more than US $10000 into the scope of suspicious supervision. The United States hopes to adjust the relevant legal structure should be compared with the development of the special currency. In order to make the Bank Secrecy Act (BSA) applicable in the context of network, the financial crime enforcement network (FinCEN) of the U.S. Department of the Treasury issued the explanatory guidance on the behavior and subject definition of private generation, holding, distribution, trading, acceptance and transmission of virtual currency in 2013. The European central bank stressed that it should strengthen international cooperation under the existing legal framework, and regulate virtual currency from the European and global level under the existing legal framework. More countries believe that bitcoin is not a currency in circulation, has no legal status, and does not meet the definition of financial instruments, such as Finland, Sweden, Malaysia and Indonesia
(4) it is forbidden
in some countries, bitcoin related transactions are prohibited. In December 2013, the people's Bank of China banned financial institutions from trading in bitcoin, which was subsequently extended to payment service providers. The central banks of Thailand and Indonesia share the same attitude. The circulation of anonymous internet currency (including bitcoin) is prohibited by the Russian judicial inspection department as a substitute for currency. The Central Bank of Russia has earlier included the provision of bitcoin services in the scope of suspicious transaction monitoring. The U.S. Securities and Exchange Commission (SEC) has banned the issue of unregistered shares in exchange for bitcoin, and unregistered online securities trading activities in virtual currency.
2. There are many reasons for the rise, the most important is the team hype, keep up with the trend of trading, do not greedy high; The second is the degree of recognition from the outside world. The higher the degree of recognition, the more stable the price is. There may be slight fluctuations in the short term, but there will not be much loss in the long term. The main reason for the decline is that the currency market recognition is not high, or there are new projects outside to attract players to throw money and transfer to the external platform. Pure hand play, hope to adopt.
3.
Virtual currency is not a real coin, but a virtual thing. Virtual currency also has its own value, because it is a kind of training for investors
they think that some virtual currencies will have a great market, so at this time, as an investor, unique vision is very important. If you enter too late, then the virtual currency may not have any value. If you enter too early, it may not be what you expect. So at this time, the entry time is very important
So virtual currency can also make us grow rapidly, which is the judgment of the overall situation and the learning of knowledge. So virtual currency, for us, is a kind of income. Of course, we don't know how much this kind of income is in the early stage. Secondly, it enables us to learn quickly and improve our knowledge literacy, and it can also learn through continuous practice and combine practice with learning. These are exactly what we need to do, He also plays the role of supervision4. Brother, it's called chain mining. It has nothing to do with nothingness. It's in mcbbs
5. The existing virtual currency is actually bitcoin, which gives people the opportunity to transfer money out of China and trade with international businesses and customers. For some students studying abroad, it's convenient to use bitcoin. It's very convenient to transfer bitcoin to or from abroad. Compared with the cumbersome examination and approval of banks, they prefer to use bitcoin platform, such as haobtc, okcoin and BTCC, which are relatively large bitcoin platforms in China. The above transactions are very convenient.
6. The reasons are as follows:
1. Bitcoin is a distributed account book, which is decentralized, tamperable and traceable
2. Bitcoin has strong anonymity. At the beginning, bitcoin was used by gangs and money laundering. At that time, the strong anonymity made such event transactions very safe
3. At the beginning, a large number of believers publicized bitcoin and helped it unconditionally. This may also happen when there are a large number of believers in other virtual currencies
in terms of the current trend, bitcells with blockchain invention patents in China are better than bitcoin in terms of technology.
1. Bitcoin is a distributed account book, which is decentralized, tamperable and traceable
2. Bitcoin has strong anonymity. At the beginning, bitcoin was used by gangs and money laundering. At that time, the strong anonymity made such event transactions very safe
3. At the beginning, a large number of believers publicized bitcoin and helped it unconditionally. This may also happen when there are a large number of believers in other virtual currencies
in terms of the current trend, bitcells with blockchain invention patents in China are better than bitcoin in terms of technology.
7. I've been in there several times! Anyway, it's hard to make it clear! Basically, there won't be beating and so on! It's much better to have money in it.
8. The paper money was regarded as the main currency, but the circulation of paper money in the whole country began in the Yuan Dynasty, and only the Yuan Dynasty adopted the circulation system of pure paper money. After Kublai Khan built the capital of the Yuan Dynasty, he issued banknotes on the advice of Liu Bingzhong
in order to maintain the legal status of paper money, the Yuan Dynasty adopted a number of measures: banning the circulation of gold, silver, copper and other heavy metals; Stop using old Mongolian banknotes; It was also stipulated that all taxes should be paid in paper money
the Yuan Dynasty abolished the value standard of copper coins in previous dynasties and adopted the circulation system of pure banknotes, which created a banknote issuing system with "silver" as the reserve fund for later generations, that is, the silver standard system. The banknotes were used as legal tender and circulated throughout Eurasia in the Yuan Dynasty. At that time, Persia's Ilkhanate, India, Korea, Japan and other countries all imitated the Yuan Dynasty in printing paper money< The economy of the Yuan Dynasty was still dominated by agriculture. Due to the cruelty and exploitation of the Mongol rulers, the overall proctivity of the Yuan Dynasty was lower than that of the Song Dynasty, but it made great progress in proction technology, cultivated land area, grain yield, water conservancy construction and cotton planting
the Mongolians are nomadic people. During the grassland period, they mainly used animal husbandry, with a single economy and no land system. When we attacked North China, the cruel massacre and plunder brought great damage.
in order to maintain the legal status of paper money, the Yuan Dynasty adopted a number of measures: banning the circulation of gold, silver, copper and other heavy metals; Stop using old Mongolian banknotes; It was also stipulated that all taxes should be paid in paper money
the Yuan Dynasty abolished the value standard of copper coins in previous dynasties and adopted the circulation system of pure banknotes, which created a banknote issuing system with "silver" as the reserve fund for later generations, that is, the silver standard system. The banknotes were used as legal tender and circulated throughout Eurasia in the Yuan Dynasty. At that time, Persia's Ilkhanate, India, Korea, Japan and other countries all imitated the Yuan Dynasty in printing paper money< The economy of the Yuan Dynasty was still dominated by agriculture. Due to the cruelty and exploitation of the Mongol rulers, the overall proctivity of the Yuan Dynasty was lower than that of the Song Dynasty, but it made great progress in proction technology, cultivated land area, grain yield, water conservancy construction and cotton planting
the Mongolians are nomadic people. During the grassland period, they mainly used animal husbandry, with a single economy and no land system. When we attacked North China, the cruel massacre and plunder brought great damage.
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