People's daily reports virtual currency financial license
Publish: 2021-04-14 01:04:45
1.
The 60 kinds of pyramid selling virtual currencies broadcast by CCTV news include MBI, m3, Diablo, Asian currency, star currency, Jinyuan shopping alliance e-currency, Changjiang international virtual currency, qileba, micro TV media e-currency, bonus point currency, virtual gold coin, HGC, COA, LFG, Sri, bismall, ahkcap, CPF, Yifen, K currency, R currency, Baichuan currency, K Bao, Zhongfu Tongbao, Hongtong currency, etc Raines e-money
Global BlackRock No.1, Glasberg, BCI, m, wing, EV, performance, FIS, u, ES, zangbao performance, huiai e-money, jianyipan e-money, subsidy, hftag, Kaixin compound interest, kuailinian virtual currency, Shihua currency, ente currency, CPM, Kara currency and supreme currency
there are at least 65 kinds of "virtual currency" with different names, such as Wuhua union virtual currency, Meisheng e, Zhonghua currency, Mimi virtual currency, FIS, world Yunlian cloud currency, Liwu currency, Vicat currency, mark currency, Shanxin currency, Wuji currency, ATC, IPC, central currency, Wuxing currency, huiai currency and nautical currency
in the 141 cases of virtual currency pyramid selling found on China's judicial documents, the number of such criminal cases is increasing year by year. In 2014, the court ruled 5 cases, and then increased by multiple, to 62 cases in 2017. According to the judgment documents, among the above-mentioned virtual currency pyramid schemes, "Vicat" has the highest amount of money involved, with a total of 7 billion, and its global membership number is 10770000, with the largest number
in terms of the development scale of MLM organizations in China, "cloud coin" (also known as world UnionPay and world cloud Alliance Network MLM platform) has the largest number of MLM organizations (4391449); Second, the "dark money" pyramid marketing organization has developed more than 3.4 million members
source of reference: phoenix.com - virtual money pyramid scheme: 65 kinds of pyramid schemes cheat 10 million people, over 10 billion
2. Virtual currency is not licensed in China. The birth of virtual currency is not controlled by any country, any government and any financial institution! It has nothing to do with whether it's legal or not, whether it's spread or not! In many countries, even judges and lawyers do not know what he is! He has long been recognized in the global circulation! How does the law manage him? You don't even have time to know it! It works! The host of China TV news channel, when reporting bitcoin! She said it was the first time I heard of this new type of thing today! He has been circulating in the world for six years
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
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
3. Financial license, that is, financial institution license, is an official document to approve financial institutions to carry out business. All institutions engaged in financial business must first obtain the corresponding financial institution license
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)
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)
4. China forbids all online transactions of virtual currency, so it is impossible to license virtual currency.
5.
China's regulatory authorities have stopped the issuance and trading of virtual currency, and China's policy does not allow the issuance of any virtual currency
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announcement on preventing the financing risk of token issuance:
< UL >accurately understand the essential attribute of token issuance financing activities
no organization or indivial is allowed to illegally engage in token issuance and financing activities
strengthen the management of token financing trading platform
all financial institutions and non bank payment institutions are not allowed to carry out business related to token issuance financing transactions
the public should be highly alert to the risks of token issuance financing and transaction
give full play to the self-discipline role of instry organizations
6. 1. International Monetary Fund: stabilize the international exchange rate, eliminate the foreign exchange control hindering world trade, strengthen the cooperation of international monetary organization, and alleviate the imbalance of international payments of member countries by providing short-term loans
2. World Bank: provide loans to member countries to promote the economic recovery and development of the country, Promote and promote the balanced growth of international trade
3. The difference is that although they all provide loans, one is to stabilize the international market through short-term loans, the other is to promote the development of the country
please adopt
2. World Bank: provide loans to member countries to promote the economic recovery and development of the country, Promote and promote the balanced growth of international trade
3. The difference is that although they all provide loans, one is to stabilize the international market through short-term loans, the other is to promote the development of the country
please adopt
7.
American MSB license is a kind of financial license issued by the U.S. Department of finance. It mainly deals with businesses and companies related to money services, including digital currency, virtual currency transactions, issuance, foreign exchange, international remittance and so on
companies engaged in the above-mentioned related businesses in the United States must apply for MSB license to operate legally. It is also a license that all companies that want to operate digital currency business in the United States must have
extended information:
US MSB is used to supervise the businesses and companies related to currency services, including cross-border remittance, foreign exchange, currency transaction / transfer (including digital currency / virtual currency), ICO issuance, provision of prepaid items and issuance of traveler's checks, etc. Companies engaged in the above-mentioned businesses in the United States must apply for MSB license in order to legally conct business
MSB is the abbreviation of money services business, which belongs to FinCEN (financial crime enforcement agency under the U.S. Department of the Treasury) and belongs to the registration and licensing system. It is necessary to apply for the permission to engage in the business related to money service
provide relevant tax advice according to the operation structure of the exchange; Tax treatment of income or capital gains arising from final liquidation or conversion of digital currency or token received into legal tender; Tax treatment of income or capital gains arising from remuneration for services provided by an exchange
8. EOS is now one of the mainstream currencies in virtual currency.
9. Radar currency is not allowed in financial license.
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