How to change virtual currency into RMB
Take bitcoin to the OTC platform and sell it in RMB
after finding this kind of person, trade the currency to this person in the place where the virtual currency is used [for example, the forum currency is in the forum, and the game currency is in the game], and then use Taobao and other online stores to let them buy non physical goods, and their RMB will be transferred to your account
not all virtual currencies are bought with real money.
virtual currency originally refers to non real currency, which is used in games. Of course, the money in the game is real or fake
virtual currency is usually used to purchase procts and services provided by currency Issuers (i.e. service providers), which are real< The Ministry of Culture issued the notice on Further Strengthening the management of Internet cafes and online games, which pointed out that the total amount of virtual currency issued by online game business units and the purchase amount of indivial online game consumers should be strictly limited; The virtual currency issued by online game business units can not be used to purchase physical procts, but can only be used to purchase virtual procts and services provided by themselves; If consumers need to redeem the virtual currency as legal tender, the amount shall not exceed the original purchase amount; It is strictly forbidden to resell virtual currency. Those who violate the above provisions shall be punished by the people's Bank of China in accordance with Articles 32 and 46 of the law of the people's Bank of China. Thus it seems that the legitimacy of the virtual transaction is recognized, and the virtual currency gambling transaction can not be carried out. The equipment is proced by oneself, which should be regarded as labor income.
on February 16, 2021, the price of bitcoin exceeded $50000. On February 20, 2021, the total market value of bitcoin broke through the $1 trillion mark. On February 22, 2021, the price of bitcoin exceeded $58000 per coin. On the evening of February 22, 2021, bitcoin's decline widened e to the counterattack of short selling funds. It once fell below US $48000 / piece, with a decline of nearly 17%. Subsequently, long funds quickly began to bottom, in half an hour, bitcoin fell from 17% to 6%. According to coingecko, as of 0:00 on February 23, Beijing time, bitcoin was at US $52878.42 per coin, down 9% in 24 hours
warm tips: ① according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have the monetary attributes of legal compensation and mandatory, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
② the above explanation is for reference only. Before investing, it is suggested that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistaking into the capital market
③ investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation
response time: February 25, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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According to the notice on carrying out self inspection and rectification of payment services for illegal virtual currency transactions in China, all Payment institutions within the jurisdiction carry out self inspection and rectification, strictly prohibit providing services for virtual currency transactions, and take effective measures to prevent payment channels from being used for virtual currency transactions
therefore, usdt cannot be directly converted into RMB
extended data:
TEDA currency is a virtual currency that links cryptocurrency with legal currency US dollar. Each TEDA coin is symbolically associated with government supported legal tender. TEDA currency is a virtual currency kept in the foreign exchange reserve account and supported by legal tender
usdt is the same value as US dollar, which can be exchanged directly on the official website. But the exchange of RMB should be carried out on other digital trading platforms. Usdt is TEDA currency and cannot be directly converted into RMB