Malaysian virtual currency

1.

Bank of Malaysia: it does not recognize or prohibit the public from deciding on the future of virtual currency

the president of the National Bank of Malaysia, dansri Muhammad Ibrahim, said that the concept document of cryptocurrency will be finalized this month, and the future of the virtual currency will be decided by the public

he mentioned that Malaysia's response is slightly different from that of some countries that have decided to ban cryptocurrency. Malaysia will not ban cryptocurrency at present, but let the market decide the future of cryptocurrency. The key is that our country must understand what is inside it

however, on September 28, Dato Mohamad zabidi bin Ahmad, senior director and global head of CIMB, Malaysia's second largest bank, attended the launching ceremony of an exchange called "urcoin" and publicly expressed the bank's support for it

It can be seen from this that although Malaysia does not affirm digital currency as its legal tender, it has selected some projects to support it, observe its development and prepare for the future legislation

2. These so-called imported digital currencies are generally unreliable. They are mainly promoted by the marketing mode. In fact, they have no value. The so-called concept of their publicity does not exist. There is no technical support. It is just a digital game. And these coins will often play under the banner of an international or a company to cheat
it is suggested to pay more attention to the mainstream digital currencies such as bitcoin, Ruitai coin, Laite coin and vitality coin.

3. Fake, domestic split currency, virtual currency, many of them are Malaysian, just because the Chinese market is big, there are many young people want to take a shortcut, do not work hard, want to get rich overnight, how can there be such a good thing in the world, if there is you will say it, Li Ka Shing, he will tell you how to make money? Think about it!

4. The National Bank of Malaysia has stated that there can be no online currency trading or virtual currency, and the money will not come back
once you meet them, ignore them.

5. I'm doing it

7. MBI has been listed as illegal pyramid scheme.

8. I haven't heard of this kind of virtual currency. It should not be very reliable. It may be offline. This kind of currency is different from bitcoin, Ruitai currency, Laite currency and Qianjin card. Of course, NBA also refers to NBA< The National Basketball Association (NBA) was founded in New York on June 6, 1946. It is a men's Professional Basketball League composed of 30 teams in North America and one of the four major professional sports leagues in the United States. It is the highest level basketball game in the world
thirty NBA teams belong to two leagues: the eastern and Western leagues. Each league consists of three divisions, and each division has five teams.

9.

In short, digital currency is electronic banknote, which can be replaced by paper money. If need a professional concept, so digital currency is issued by the central bank, based on national credit legal cryptocurrency. Basically, you can think of digital currency as the sixth set of RMB. Conventional paper money is not limited by the use of the environment, as long as there is a transaction can be used. Whether it's rain or wind or power off, money can still be used

before an outbreak, you need to use a health code. But many old people or older people don't use it. To be sure, the implementation of a technology is a good thing in the long run, but it can also make people lose touch. Throughout the history of business, the importance of money to us is self-evident. From the early barter exchange to shellfish and other valuables as exchange currency; From gold and silver to paper money. Each currency iteration promotes the development of commercial history and improves the efficiency of commodity exchange. In the future, digital cash and paper money coexist, but the future belongs to digital cash

10. Malaysian ringgit, or Malaysian dollar, is issued by Bank Negara Malaysia. The denominations of banknotes in circulation are 100, 50, 10, 5, 1 ringgit, and 50, 20, 10, 5, 1 mints. 1 ringgit equals 100 points
Malaysia used to use the currency Malaya yuan, with the gold content of 0.417823 g. compared with the British pound, 1 British pound equals 8.57142 Ma Yuan, and 1 US dollar equals 2.1269 Ma Yuan. The new currency issued by the Central Bank of Malaysia after its establishment is equivalent to the old Malay dollar, with a gold content of 0.290299g. Compared with the US dollar, one US dollar is equal to 3.06122. In 1967, the International Monetary Fund announced that the gold content of the new Malaysia dollar was equal to that of the original one. After the pound floated in June 1972, the Malaysian dollar was pegged to the US dollar instead of the pound. In June 1973, the Central Bank of Malaysia announced the implementation of managed floating. In August 1975, the Malaysian government officially designated the name of the currency as "ringgit". In September of the same year, it announced that it was decoupled from the US dollar, implemented the managed effective exchange rate, and changed it to "a package of currencies". The external value of the ringgit is determined on the basis of the weighted index of the basket of currencies of the ringgit and Malaysia's major trading partners
bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items[ 1]
the biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million
the concept of bitcoin was first proposed by Nakamoto in 2009. Bitcoin, also known as bitcoin, is an open source software designed and released according to the idea of Nakamoto Tsung, and a P2P network built on it. Unlike most currencies, bitcoin does not rely on a specific central issuing institution. It uses distributed databases throughout the P2P network nodes to record currency transactions, and uses cryptography design to ensure the security of all aspects of currency circulation[ 1]
Joe Manchin, a Democratic senator from West Virginia, sent an open letter to a number of US federal government regulators on Wednesday, hoping that relevant institutions would pay attention to bitcoin's status quo of encouraging illegal activities and disrupting financial order, and demanding that actions be taken as soon as possible to completely ban the electronic currency.