Cambodia's attitude towards virtual currency

1. Globally, governments have different attitudes towards blockchain and blockchain assets, but on the whole, they are still in the exploration period
European and American countries are actively monitoring. Germany is the first country to recognize bitcoin and other digital assets as private property. The US CFTC (US Commodity Futures Commission) has identified bitcoin as a commodity. The state of New York has issued three bitlicenses
the situation in Asia is different. Japan actively supports it. In April this year, Japan implemented the payment services act, officially recognizing bitcoin as a legal payment method
South Korea is actively monitoring. In July, South Korea's "bitcoin Regulation Act" came out, setting a threshold of 500 million won for investors
China has strict supervision. In September, the people's Bank of China and other seven ministries and commissions jointly issued the "notice on preventing the financing risk of token issuance", which stipulates that in China, trading platforms shall not engage in the exchange business between legal tender and "virtual currency".

2. The CFC classifies bitcoin and other virtual currencies as & quot; Commodities & quot; At the same time, each state has successively introced the digital currency regulatory laws and regulations to determine the regulatory framework of the digital currency instry.

3. In the notice on preventing bitcoin risk issued by the central bank and other five ministries and commissions at the end of 2013, bitcoin is clearly defined as a special Internet commodity, and people can buy and sell freely at their own risk, denying its monetary attribute. All financial institutions are not allowed to provide bitcoin related services. Bitcoin related websites must be put on record and require users to carry out real name authentication. Zhou Xiaochuan, central bank governor, said in an interview that bitcoin is a tradable asset like a stamp

in a word, virtual currency represented by bitcoin is legal in China, but the government takes a cold attitude towards virtual currency, which is neither positive nor negative. Most of the major countries in the world also adopt a cold attitude towards virtual currency

since 2015, the popular virtual currencies are bitcoin, Laite coin, Fuyuan coin, doggy coin, reborn coin and so on

it is possible, but at present, the government has not banned it

bitcoin and other virtual currencies exist legally in China. In the 2013 bitcoin risk notice, the central bank and other five ministries and commissions clearly defined bitcoin as a special Internet commodity. People can buy and sell it freely at their own risk. Financial institutions do not have to provide bitcoin related services, denying its monetary attribute. Zhou Xiaochuan, the governor of the central bank, compares bitcoin to a tradable asset like a stamp< Most of the major countries in the world take a cold attitude towards virtual currency. There are several possibilities for countries to ban virtual currency:

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2. The well-known weaknesses and defects of virtual currency can not be overcome in a certain period of time
3. The government can't stand the use of virtual currency in money laundering and other illegal activities

since 2013, the popular virtual currencies are bitcoin, Fuyuan coin, Laite coin, doggy coin, Ruibo coin, Yuanbao coin and so on<

Zhou Xiaochuan, governor of the central bank, said at the Boao Forum for Asia that virtual currency is not a currency approved by the central bank and can not be banned. Since digital currency is not the currency initiated and approved by the central bank, it can not be banned. 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

in fact, the central bank has been studying digital currency for a long time. From the perspective of historical development trend, money has always evolved with the development of technological progress and economic activities. From the early physical money, commodity money to the later credit money, it is a natural choice to adapt to the development of human commercial society. As the currency of the previous generation, paper money has low technology content. From the perspective of safety and cost, it is the general trend to be replaced by new technology and new procts. In particular, with the development of the Internet and the great changes in payment methods all over the world, the establishment of digital currency issuance and circulation system is very necessary for the construction of financial infrastructure and the promotion of economic quality, efficiency and upgrading

does China recognize virtual currency_****** In the notice on bitcoin risk prevention issued by the central bank and other five ministries and commissions at the end of 2013, bitcoin was clearly defined as a special Internet commodity. People can buy and sell bitcoin freely at their own risk, denying its monetary attribute. Financial institutions are not allowed to provide services related to bitcoin, and bitcoin related websites must be put on record, In a word, the virtual currency represented by bitcoin is legal in China, but the government takes a cold attitude towards it, Most of the major countries in the world also adopt a cold attitude towards virtual currency. Since 2015, the popular virtual currencies include bitcoin, Wright coin, Fuyuan coin, doggy coin, Ruibo coin, etc.

Why do not countries ban virtual currency; In other words, what is the connection and difference between the value represented by virtual currency and the value represented by general currency? 3. In view of the depth of the background of the problem, we need to stand higher in the starting point of the research. Currency is a problem in the category of modernity, The problem of virtual currency is the problem of postmodernism. They do not share the same basic paradigm. It is the difference of paradigm, not virtual phenomenon, that leads to the difference between them.

why does China not stop virtual currency_****** As a new thing, virtual currency has its progressive side. One of China's attitudes towards new things is that the law does not prohibit it. However, if virtual currency poses a threat to the existing financial system, the government will take action, What follows is the public...

which countries recognize the legitimacy of virtual currency_****** At present, Japan has recognized bitcoin as legal

is virtual currency recognized by the state_****** No, because it involves money laundering, easy to crash and other factors. Although bitcoin, the most famous virtual currency, can not be said to be suppressed, there are very few transactions between physical objects and virtual currency abroad, and its prospect still remains to be seen, The pure pyramid structure will not be recognized by the state.

is there any policy in China to prohibit the trading of virtual currency****** At the end of 2013, the central bank and other five ministries and commissions jointly issued a bitcoin risk notice, in which bitcoin is clearly defined as a special Internet commodity, and people can buy and sell freely at their own risk, denying its monetary attribute, In an interview with the Boao Forum, President Yang Xiaochuan compared bitcoin to a tradable asset like a stamp, and the central bank has no right to ban it. Since 2013, popular virtual currencies include bitcoin, Leyte, Fuyuan, doggy, etc Is China's virtual currency legal_****** Virtual currency can trade bitcoin, Leyte and ether on chinacoin.com.

is virtual currency illegal in China_****** Virtual currency exists legally in China, but it is illegal to engage in illegal activities by using virtual currency. The notice on preventing bitcoin risks issued by the people's Bank of China and other five ministries and commissions defines the nature of bitcoin, believing that bitcoin is not issued by the monetary authority and has no monetary attributes such as legal compensation and compulsion, Not really...

will China ban all virtual currency commercial transactions? Will virtual currency be banned_****** How to buy and sell virtual currency after China forbids virtual currency trading

how does the state treat virtual currency in 2017****** At present, there is no official recognition of the value of virtual currency in China, but only in some areas suspected of causing actual harm to society, some recognize its existence value

5.

The currency of Cambodia is Khmer . According to the exchange rate on December 6, 2019, 100 RMB = 56895.45 Khmer

the exchange rate between RMB and Cambodian Riel is 1 RMB = 568.9545 Cambodian Riel; 1 Cambodian Riel = 0.0018 RMB

After the liberation of Phnom Penh on January 7, 1979, the people's Democratic Republic of Cambodia announced that a new set of currency was being prepared. It began to circulate on March 20, 1980. While retaining the currencies of the socialist neighbors, these currencies are not signed, depicting the pastoral scenery of Cambodia. Together with the money issued in 1987, they were used until the early 1990s, when the severe economic crisis led to the abandonment of small denominations

First, if the local currency depreciates, then the purchasing power of foreign currency will be strong, so a certain amount of foreign currency can buy more domestic procts, which means that the price of domestic procts in the international market is relatively cheap, thus increasing exports; On the other hand, if the local currency depreciates, the price of foreign goods will be expensive, so the domestic imports will inevitably decrease

Therefore, the result of RMB devaluation is to expand exports, restrain imports, increase trade surplus and promote economic development

The devaluation of local currency will cause trade frictions, which is not concive to the stability of national economy

Devaluation will not solve the problem of external demand slowdown. Although devaluation will help export enterprises survive because of cost rection, it is difficult to last. Especially for the instries that have lost competitiveness in China, devaluation will only delay the exit time of instries

6. The currency used in Cambodia is Riel, and the currency that can be used in Cambodia is US dollar in addition to Riel. And the exchange rate between the real and the dollar is fixed. It's usually 4000 Riels for a dollar. When you go to Cambodia, if you bring us dollars in cash, it's the best choice. Besides, we can't exchange Riel at home. When you go to Cambodia, you can carry the most change in US dollars, because Cambodia has the saying of "one dollar" country in the world. In Cambodia, a lot of things only cost one dollar. And if you spend a large amount of US dollars, the other party will only give you Riel at the exchange rate of 4000 to 1. However, if you exchange US dollars on the market, one dollar can be exchanged for four thousand barrows. In this way, it would be more cost-effective to exchange the US dollar for a part of the Riel after arriving in Cambodia, and then consume. In Cambodia, hotels, car rentals and scenic spot tickets are only charged in US dollars. However, it is very convenient to exchange foreign currency in Cambodia. There are places to exchange foreign currency everywhere in Phnom Penh and Siem Reap. Although there are many small shops and restaurants opened by Chinese in Cambodia, they do not accept RMB. Master / visa card is the most common credit card in Cambodia. It can be used in shopping malls, hotels and supermarkets there. The UnionPay card is not so widely used. The only place it can be used is the Bank of Canada in Siem Reap. In addition, the scope of application of traveler's checks in Cambodia is quite square, which can be used in almost all its cities, and traveler's checks can also be used directly in hotels and hotels. When people go to Cambodia, if they are afraid of the sun, they can only carry sunscreen, because the headscarf for sunscreen can be bought in Cambodia, where the price is very cheap. However, we have to prepare some drugs for the treatment of fever and cold. This is because people traveling often have fever and cold. It is not very convenient to buy drugs in foreign countries. After going to Cambodia, it's better for tourists to drink bottled water, where tap water can't be directly drunk. If it's a drink, it's best to add ice only in regular hotels and hotels. It's best not to add ice on the outside stall at will. When you go to Cambodia, security is a very important issue, because theft often happens there. In addition, it is also stipulated in the hotel that the guests are responsible for the consequences if they lose their belongings. So it's best to take valuable things with you at any time, and don't put them in your backpack to prevent thieves from robbing directly from behind. In addition, stations, airports, restaurants and other places are high incidence of theft. Buffaloes and buffaloes are protected by gods in Cambodia, so they should be taken good care of

7. 1 yuan RMB = 615 Riel, which is the currency of Cambodia. 50 Cambodian currency can be exchanged for 8 cents RMB

8. One yuan is equivalent to about 600 Cambodian Riels. Cambodian currency is called "reir".

9. A friend was blackmailed by his own people in Cambodia. 300000 yuan is not allowed to report back to China, but only there.