Mongolian virtual currency
On September 29, 2018, Mongolia passed a national payment system bill, under which Mongolia issued a digital currency license
Mongolia integrates the blockchain technology into the national financial field, which not only allows the national people to use digital currency to refuel and pay fees, but also issues cryptocurrency transaction license to encourage foreign investment, and applies the blockchain technology to Mongolia's new energy power generation system with the characteristics of decentralization, openness and transparency
does Mongolia need permission to issue digital tokens and conct ICO, and which departments need approval
If the digital token is to be ICO, it needs to meet the relevant requirements of the Central Bank of Mongolia and the Ministry of finance of Mongolia. Finally, the special license is issued by the Mongolian Securities Regulatory Commission
does the state support Mongolian blockchain and digital token? What are the laws and regulations
Mongolia is quite supportive of the New Fourth Generation Internet technology revolution. There are two laws and regulations on blockchain digital currency. One is the policy issued at Mongolia's national blockchain Conference on February 12 this year, which stipulates that Mongolian people can participate in the transaction of digital token (originally allowing the first market, that is, large companies and listed companies to participate). The other is the decree on blockchain signed by the president of Mongolia in May 2017, which came into effect on January 1, 2018
Mongolia's policies and regulations on STO, the latest global consensus
Mongolia supports it very much. For the blockchain and the latest STO, the Mongolian parliament has set up a special e-money blockchain I group. The policy in this regard is consistent with that in Estonia. Mongolia also implements the license system for sto digital asset exchange, and foreign enterprises with strong capital and strength have obtained the license
How to apply for Mongolian digital currency license is similar to that of other countries in the world. They all need to register local companies. Mongolia needs to open a bank account, In addition, you can choose not to go to Mongolia to open an account, sign a commission agreement, and then start to formally apply for a license. It will take about 20 working days to complete the whole process(June 29, 2012)
Mongolian Tugrik (MNT) is the currency in circulation in Mongolia. After the implementation of monetary reform in 1925, the instrial and Commercial Bank of Mongolia (later renamed as the National Bank of the people's Republic of Mongolia) began to issue its own currency Tugrik on December 9. This is the first set of its own currency issued by Mongolia.
Mongolia needs to be approved. The Central Bank of Mongolia issues a special license to issue digital tokens in Mongolia. If digital tokens are to be ICO, they need to meet the relevant requirements of the Central Bank of Mongolia and the Ministry of finance of Mongolia. Finally, the Mongolian Securities Regulatory Commission issues a special license
Mongolia is quite supportive of the New Fourth Generation Internet technology revolution. There are two laws and regulations on blockchain digital currency. The policy issued by Mongolia at the national blockchain conference stipulates that Mongolian people can participate in the transaction of digital token. The other is the decree on blockchain signed by the president of Mongolia in May 2017, which came into effect on January 1, 2018
previously, according to the Mongolian state-owned news agency montname, the Bank of Mongolia issued the first digital currency license to mobifnance, the financial technology branch of mobicom, Mongolia's largest mobile phone supplier. Mobifinance has issued the stable currency candy, anchor Montu, which has been circulating in Mongolia. Users can use mobile phones to pay bills, shop online, transfer money and make small loans. It is reported that Mongolia's largest gas station has also issued its own digital token
Mongolia is very supportive. For blockchain and the latest STO, the Mongolian parliament has set up a special e-money blockchain group, and the policy in this regard is consistent with that in Estonia. Mongolia also implements the license system for sto digital asset exchange, which needs 2.5 billion registered capital (paid in, can not be withdrawn), and foreign enterprises with strong financial strength have obtained the license<
Mongolia officially approved and issued a al license exchange, which can not only accept ICO, but also accept sto project transactions
to apply for Mongolian digital currency license,
1 to register a company in the local country
2 Mongolia needs to open a bank account
3 to submit the application
it takes about 2 months for the whole process to be completed
in fact, after reading the above, we all know that it is difficult to apply for this kind of license. There are strong capital requirements for trading institutions. Correspondingly, its gold content is relatively high. At present, there are relatively few institutions that have obtained it.
20 Mongolian Tugrik = 20x (1 / 0.003152) = 0.0926 RMB
the common ways to query the exchange rate are as follows:
1
2. Foreign exchange quotations are also available on major financial websites
3. You can also query the exchange rate through the foreign exchange query tool on your mobile phone
4. Most mobile futures software also has major currency exchange rate quotations.
The currency in circulation in Mongolia is "Mongolia Tugrik (MNT for short), and the secondary currency is" Mongo "(Mongo). 1 Tugrik is equal to 100 Mongo
After the implementation of monetary reform in 1925, the instrial and Commercial Bank of Mongolia (later renamed as the National Bank of the people's Republic of Mongolia) began to issue its own currency Tugrik on December 9. Due to historical reasons, the Tugrik exchange rate has been linked to the ruble for a long time
recent exchange rate:
1 < EM > RMB < / EM > = 312.6300 Mongolia < EM > Tugrik < / EM >
current currency in circulation:
coins: 50, 20, 10, 5, 2, 1 Mengo and 1 Tugrik
paper currency: 20000, 10000, 5000, 1000, 500, 100, 50, 20, 10, 5, 1 Tugrik and 50, 20, 500, 100, 50, 50, 100, 50, 50, 100, 50, 50, 50, 5, 1 Tugrik 10 Mungo
-- 10000 Tugrik
so 10000 RMB is equal to 32 RMB
20.00 MNT Mongolia Tugrik = 0.135635 CNY RMB
China http://www.xe.com/ucc/zh/full.shtml
Mongolian currency is called Mongolian Tugrik. On October 13, 2020, Mongolian currency 1 yuan is equal to RMB 0.0024 yuan, so 1 million yuan is converted into RMB 2400 yuan
Tugrik is the currency of Mongolia. Banknotes have denominations of 1, 5, 10, 20, 50, 100, 500, 1000, 5000, 10000 and 20000 tugriks. The denominations are 50, 20, 10, 2, 5 and 1 Mongo. 1 Tugrik = 100 Mongo. The currency symbol is MNT
extended data
monetary history of Mongolia:
Mongolia is one of the countries with hundreds of years of monetary history in the world. According to the literature, Xiongnu, which once lived in Mongolia, began to issue paper money, but the earliest use of coins was in Genghis Khan era, and gold and silver coins were first used in Kublai Khan era. Mongolia became independent on March 13, 1921, and issued temporary negotiable securities in November 1921
On February 22, 1925, the government of the people's Republic of Mongolia made a decision to implement the monetary reform; On December 9 of the same year, the instrial and Commercial Bank of Mongolia (later renamed as the National Bank of the people's Republic of Mongolia) began to issue its own currency Tugrik. Tugrik is linked to the ruble of the Soviet Union, and the official exchange rate against the US dollar is 1.943. Tugrik is equal to one US dollar and depreciates by the same extent as the rubleapproach: network input & quot; Exchange rate of Mongolian currency to RMB;, You can see the latest exchange rate directly
the exchange rate is constantly changing. When you use it, please refer to the current exchange rate of the day you need. When you exchange it at the bank counter and online banking, it is based on the current real-time quotation
note:
the exchange rate is constantly changing. When you use it, please refer to the current exchange rate of the day you need. When you exchange at the bank counter and online banking, you should base on the current real-time quotation
currency exchange refers to the exchange of foreign currency notes and traveler's cheques into RMB (hereinafter referred to as "cash in") or RMB into foreign currency notes (hereinafter referred to as "cash back") at a certain exchange rate
exchange rate information comes from http://www.boc.cn/sourcedb/whpj/ Daily foreign exchange rate of Bank of China
1mongolian Tugrik = 0.003152 yuan
1mongolian Tugrik = 317.2109 yuan
20mongolian Tugrik = 0.06304 yuan
the data is for reference only, and the transaction price at the bank counter shall prevail
update time: March 18, 2015
15:15