Can individuals buy virtual currency

1. According to the official reply of the State Administration of Taxation on the issue of indivial income tax on the income of indivials from buying and selling virtual currency through the Internet (GSH [2008] No. 818), the income obtained by indivials from purchasing players' virtual currency through the Internet and selling it to others after price increase belongs to the taxable income of indivial income tax, The indivial income tax shall be calculated and paid according to the item of "income from property transfer". The original value of an indivial's property in selling virtual currency is the price and related taxes paid for his purchase of network virtual currency. If an indivial is unable to provide evidence of the original value of his property, the original value of his property shall be verified by the competent tax authorities.

2. No, the money is your own. You can buy anything you want, except guns, ammunition, drugs, whoring and nothing else

3. As long as the price is reasonable, it is not illegal for both parties to trade voluntarily. It's like you have an old TV set that you want to sell and someone wants to use. It's not against the law to negotiate the price and pay for it and deliver it.

4. There are no strict restrictions on the issuance of virtual currency in China, but the premise is that illegal activities are not allowed. There is no need to apply to issue a virtual currency in China. Virtual currency is still in a gray area in China. bitcoin, Ruitai coin, Laite coin and so on are well-known in China.

5.

As of 2019, the digital currency seminar of the people's Bank of China was held in Beijing to further clarify the strategic objectives of the central bank's issuance of digital currency, do a good job in tackling key technologies, study the multi scenario application of digital currency, and strive to launch the digital currency issued by the central bank as soon as possible. At present, it is under study, and many problems need to be improved slowly

digital currency is a double-edged sword. On the one hand, the blockchain technology it relies on has been decentralized and can be used in other fields except digital currency, which is one of the reasons why bitcoin is popular; On the other hand, if digital currency is widely used by the public as a kind of currency, it will have a huge impact on the effectiveness of monetary policy, financial infrastructure, financial market and financial stability

If digital currency is accepted by the public, its use will increase greatly and replace legal currency to a certain extent, then negative events such as network attacks on user terminals related to digital currency will cause currency fluctuation, which will have an impact on financial order and real economy

in addition, the virtual currency based on blockchain technology is usually held by a few people at the beginning. For example, the first purchase of bitcoin in May 2010 was $25 pizza purchased by 10000 BTC, and the price of each bitcoin rose to $1200 in more than three years by the end of 2013

6. Strictly control the system loss sharing:
when the system loss is generated, it is shared equally by the profit-making customers after the settlement. Especially when the big market occurs, the sharp drop or sharp rise of the price will cause the customers to burst their positions in a large area, forming a huge system loss, and the loss will be shared equally by the profit-making customers. The mechanism of position margin + floating margin is adopted, A customer's position needs a fixed margin. When the floating margin reaches the warning line, the system will remind the customer to add margin. Otherwise, when the margin is not enough to hold so many positions, the system will forcibly level off the excess positions to control the risk of the customer. This mechanism strictly controls the leverage, and the leverage of futures can reach 10 times at most, The size of the position is determined by the customer's capital. Generally, a slightly larger fluctuation will not cause the customer to burst the position, so that the profit customers will not be allowed to share the system loss. Then the customer's profit capital can be fully recorded<

circuit breaker price mechanism:
the exclusive digital currency circuit breaker mechanism is provided. When the price fluctuates sharply in a short time, such as 10% within a few minutes, the circuit breaker mechanism will be triggered. If the price exceeds the circuit breaker price within one minute, the Commission will stop reporting. If the circuit breaker price is still maintained after one minute, the circuit breaker price will continue to be expanded. At this time, the client can continue to commission, But still can not exceed the current price. In this way, the fairness of the trading environment is prevented from being affected by human malicious entrustment, and the price manipulation is also avoided

- "detailed explanation of lightcoin Futures Rules"

7. Because the Chinese government does not recognize the legitimacy of foreign digital currency, it is illegal for indivials to resell, and the risk is not protected by law. It is also illegal for indivials to resell the digital currency of RMB. It's as illegal as selling RMB notes. It can only be used for personal consumption or use. No trading.

8. Brief introction: Hubei Institute of technology is a provincial undergraate university, which focuses on engineering, combines engineering with science, and harmonizes the development of engineering, science, economics, management, medicine, literature, ecation, arts and other disciplines. The school is located in Huangshi City, Hubei Province, one of the birthplaces of Chinese bronze culture. The transportation is very convenient. It is 50km away from Wuhan city. Wuhan Jiulong Railway runs through the city. Daguang, Huyu, Fuyin and hangrui expressways meet in the urban area, adjacent to the two main arteries of Beijing Guangzhou and Beijing Jiulong. The school is close to mountains and rivers, the campus layout is reasonable, and the environment is beautiful. In 2010, it passed the undergraate teaching qualification assessment of the Ministry of ecation. Since its establishment in 1975, the university has gone through the stages of inheritance and evolution, including Huangshi higher engineering class of Hubei higher ecation institutions, Huangshi branch of Wuhan Institute of Technology (now Wuhan University of Technology), Huangshi college, Huangshi Institute of technology established in 2004, and renamed Hubei Institute of technology in 2011. The school has 19 teaching colleges (departments), with more than 20000 full-time students and more than 8000 correspondence students. The campus covers an area of 2189 mu, with a building area of 545000 square meters, teaching and scientific research equipment worth 137.58 million yuan, 50 laboratories, 1.06 million books and 18 electronic resource databases (including more than 2 million kinds of electronic books). At present, there are 969 full-time teachers, including 89 with senior professional titles and 323 with deputy senior professional titles; There are 152 doctors and 465 masters; There are 43 part-time doctoral and master tutors. Among the on-the-job teachers, there are 2 candidates for the "Hundred Talents Program" in Hubei Province, 6 middle-aged and young experts with outstanding contributions in Hubei Province, 5 high-level talents in the new century in Hubei Province, 12 experts enjoying subsidies from the State Council and the provincial government, 7 lecture professors, keynote professors and Chutian students of the "Chutian scholar program" in Hubei Province, 5 experts with outstanding contributions in Huangshi City, and 12 candidates for the "Dongchu scholar program". The university has employed two academicians and more than 30 influential scholars as part-time professors from famous universities at home and abroad. The school has a complete range of disciplines, forming a multi-disciplinary coordinated development, cross penetration, and reasonable structure of the discipline system. Environmental Science and engineering, mechanical engineering, art theory and pharmacy are the key disciplines of Hubei Province ring the 12th Five Year Plan period, among which environmental science and engineering is the provincial key characteristic discipline. It has 47 undergraate majors, among which environmental engineering is the national characteristic major and the undergraate comprehensive reform pilot major, civil engineering, water supply and drainage science and engineering are the undergraate comprehensive reform pilot majors in Hubei Province, and clothing and clothing design, chemical engineering and technology are the undergraate programs of strategic emerging (pillar) instry talent training plan in Hubei Province. There are seven provincial excellent courses, five provincial experimental teaching demonstration centers (including one provincial key experimental teaching demonstration center), three provincial practice and training bases, and one provincial virtual simulation experimental teaching center. There are 1 provincial Collaborative Innovation Center, 2 provincial key laboratories, 2 key research bases of Humanities and Social Sciences in Colleges and universities of Hubei Province, 2 provincial engineering laboratories, 2 provincial proctivity promotion centers, 5 provincial outstanding young and middle-aged scientific and technological innovation teams, 1 provincial common technology promotion center for small and medium-sized enterprises, and 1 provincial environmental monitoring talent training base, 1 Provincial Intellectual Property training base. There are 1 national practical ecation base for college students, 1 innovative activity base for college students in Hubei Province, and 1 provincial service outsourcing talent training (training) base. It has 17 research institutes and 18 R & D centers with enterprises. It has undertaken more than 20 national level scientific research projects and more than 150 provincial and ministerial level projects. The school insists on seeking new support in serving the local areas and seeking new development in contributing to the local areas. It takes serving the local areas, contributing to the local areas and promoting the local economic and social development as its service orientation. Every year, the school enterprise and school local cooperation projects reach more than 130, and the cooperation project funds are nearly 20 million yuan. Taking talent cultivation as the fundamental task and talent quality as the lifeline, the University adheres to the principle of "facing the local, grassroots and enterprises", carries out in-depth ecation and teaching research, and explores a new mode of talent cultivation. Over the past decades, the school has been widely praised by employers and Society for its solid professional foundation, strong practical ability, good comprehensive quality, innovative spirit and strong social adaptability. Students have won many awards in national mathematical modeling, electronic design, mechanical innovation design, calligraphy, painting, Putonghua and English competitions, and won many honors such as "China Youth May 4th Medal" and "national women model". The graate entrance examination rate has been rising year after year, and the employment of graates has been rated as the advanced collective of Hubei Province for many times. The University attaches great importance to foreign exchange and cooperation, and has established stable academic exchange and cooperation relations with more than 20 universities and research institutions in Canada, the United States, France, New Zealand, Australia, South Korea, Hong Kong and other countries and regions. The school employs foreign experts and teachers to teach at school all the year round, and selects teachers to go abroad for further study. The number of students studying abroad is increasing. The school is a spiritual civilization unit in Hubei Province, an advanced university for Party Construction at the grass-roots level in Hubei Province, a safe campus in Hubei Province, an urban garden type unit in Hubei Province, an advanced collective funded by students in Hubei Province and an advanced unit for fire protection. It has won many honors such as the advanced Party committee central group and the advanced unit for propaganda and ideological work. The University adheres to the party's ecation policy, people-oriented, follows the law of higher ecation, adheres to the principle of quality, talent, characteristics, reputation and beauty, takes teaching as the center, scientific research as the guidance and support, reform and innovation as the driving force, serves the local economic and social development as the purpose, and follows the principle of "open school, rule-based, ecation oriented, characteristic development", In order to build the university into a high-level Local Application-oriented University, all teachers, students and staff adhere to the school motto of "moral, material, practical and practical", carry forward the science and engineering spirit of "hard work, self-improvement, dare to be the first, open and innovative".