Why Japan develops virtual currency

1.

virtual currency is the currency used for electronic circulation. Now the scope of virtual currency is very large, including q-coin, bitcoin and so on. With the development of digital currency, virtual currency is becoming more and more abundant, which may become the mainstream in the future. For example, BTC, EOS, bcbot and so on are not only virtual currencies, but also algorithms, landing projects and technologies

virtual currency is mainly issued by online game service providers to purchase game props, such as equipment, clothing, etc. But at present, the use of virtual currency has gone far beyond this category. Virtual currency can be used to buy game cards, physical objects and download services of some movies and software

extended data:

real risk

as the proct of e-commerce, virtual currency has begun to play an increasingly important role, and it is more and more connected with the real world. However, with the growth of virtual currency, the relevant laws and regulations are lagging behind, which has laid many hidden dangers

fraud

the private transaction of online virtual currency has realized the two-way circulation between virtual currency and RMB to a certain extent. The activity of these traders is to buy all kinds of virtual currencies and procts at a low price, and then sell them at a high price to earn profits. With the increase of such transactions, there are even virtual mints. In addition to the virtual currency provided by the main company, there are also some people who specialize in "virtual coin making" to obtain virtual currency by playing games and then resell it to other players

Taking Wenzhou as an example, there are about seven or eight such "virtual mints" with four or five hundred practitioners. This not only creates a bubble for the price of the virtual currency itself, but also causes trouble for the normal sale of the issuing company. It also provides a platform for selling and collecting money and money laundering for various cyber crimes. p>

impact system

in modern financial system, the issuers of money are generally central banks, which are responsible for the management and supervision of money operation. As the equivalent exchange goods used to replace the real currency circulation on the Internet, the virtual currency on the Internet is essentially the same as the real currency. The difference is that the issuers are no longer central banks, but Internet companies

if the development of virtual currency makes it form a unified market, each company can exchange with each other, or virtual currency is integrated and unified, and all of them are based on the same standard and price, then in a sense, virtual currency is currency, which is likely to form a threat impact on the traditional financial system or economic operation

reference: network virtual currency

2. For the hard bifurcations of bitcoin network, the foreign market is very calm. As the largest trading market of bitcoin in Japan, the development of bitcoin in Japan has experienced twists and turns. After the bankruptcy of Japan's largest bitcoin trading platform in 2014, the bitcoin market once fell to the bottom. However, recently, the trading volume of bitcoin in Japan has increased sharply again, and the application scope of bitcoin is also expanding

coincheck is one of the largest bitcoin trading platforms in Japan. At present, the total monthly transaction amount of this platform has increased from about 3 billion yen at the beginning of last year to 36 billion yen now, expanding 12 times. As for the development of the platform, the president of coincheck, a bitcoin trading platform in Japan, said that in the near future, one bitcoin can be exchanged for 140000 to 150000 yen (about 8700 to 9300 yuan), which is 2.5 times higher than that of the same period last year, and the total number of users registered on the major bitcoin platforms in Japan has exceeded 600000.

among the prosperous shops in Ginza, Tokyo, Japan, You can also see a bitcoin trading machine that can exchange invisible bitcoin and yen notes. People choose to buy, sell and other operations in the trading machine interface, and can easily complete the transaction by scanning the two-dimensional code of the bitcoin wallet on their mobile phone. At present, there are six such bitcoin trading machines in Tokyo and 14 in Japan

in Japan, more than 4200 businesses have accepted bitcoin payment. At this sushi restaurant, when customers check out, they can choose to pay by scanning the QR code of bitcoin bill. Since the introction of bitcoin payment system into the sushi restaurant, the turnover generated by bitcoin payment in one month has reached 500000 to 1 million yen, equivalent to 30000 to 60000 yuan. The manager of a sushi restaurant in Japan said that for businesses, the service charge for using bitcoin to settle accounts is only 1%, which is very cost-effective and convenient.

3. Japan's financial services agency (FSA) announced earlier that the latest revised version of Japan's payment services act has been passed and officially took effect on April 1, 2017. Bitcoin is recognized as a payment method in the service bill and strictly regulated
in this bill, the Legislative Council defines bitcoin as an asset rather than a currency. People can use it as a way of payment for transactions
relevant units have also put forward requirements that service providers or exchanges operating in bitcoin must register with the Prime Minister of Japan, and the capital scale must not be less than 10 million yen. They must have information technology systems that can prevent theft and loss, and must establish a variety of systems and processes, involving training, internal regulations, governance, outsourcing guidance, etc
the amendment bill also amends the prevention of the transfer of proceeds of crime act. Regulators have asked bitcoin to implement a more stringent "know your customer" process than it currently does. The exchange must verify the identity of the account opening user, keep the transaction records, and report the suspicious transaction records to the regulatory authorities.

4. Views on virtual currency
from q-coin and counting roll used to buy props to bitcoin which can be exchanged with us dollar and euro today. It shows that the utilization rate and universality of virtual currency are graally increasing. I think this kind of virtual currency has both advantages and disadvantages. Virtual currency makes up for the deficiency of currency, but it will not replace the real currency
1. Security of virtual currency. The day before yesterday, a bitcoin trading platform headquartered in Japan was favored by many people. However, e to the loss of 750000 bitcoins from customers and 100000 bitcoins of its own, the company had to file for bankruptcy protection. This fully shows that the security of virtual currency is difficult to guarantee
2. The use of money cannot be regulated. The problem is that there is no manager similar to the central bank. Due to the strong anonymity, it is easy to be used for illegal transactions such as speculation and drugs, as well as money laundering. Without the network of financial institutions, it is difficult to grasp their liquidity, which will bring difficulties to taxation
although it has many uncertainties, virtual currency is very effective and reliable to a certain extent
1. The possibility of inflation of virtual currency is small, and it is not affected by policy. Avoiding the influence of the central government on finance, virtual currency can prove the stability of its value because of its limited circulation. It will not raise prices and lower the value of money because of the increase of money supply
2. Strong circulation. People can use bitcoin to trade anywhere in the world where there are networks and computers, which is very convenient
it not only saves time, but also saves a lot of transaction costs
after comparison, I think that the virtual currency will be saturated and will not pose a threat to the real currency. On the one hand, in the backward regions and countries, they rely more on currency, resulting in a gap with the developed regions. On the other hand, with the development of network technology, the security of virtual currency will be more and more difficult to determine. It is also very difficult for people to use a lot of money in the form of virtual currency in huge investment. Especially in a country with traditional culture such as China, people are more confident that they will hand over their property to the financial instry such as banks, rather than in the online world like flowers in the mirror< There is no comparability between bitcoin and stock. Stock is people's profit expectation for a company. For example, a company constantly proces new procts to increase its wealth. People can obtain wealth growth with the company by holding shares of the company. And the stock is an investment proct, without monetary attribute, it is impossible to say how much ICBC stock an iPad is worth. On the contrary, like bitcoin, the stock can be converted into legal currency through the exchange to purchase the iPad. Similarly, in the so-called companies that accept bitcoin payment, all of them are marked with legal currency. They accept bitcoin through a third-party company, and finally receive legal currency from a third-party company
therefore, stock is people's expectation for the future development of a company, and it is an investment proct. There is no comparison with bitcoin, which clamors to become a currency
2. The existence of money lies in circulation and pricing. A thing that has been reced to a speculative tool since its existence, expecting appreciation and redistributing wealth can not become money
3. As cndx God said, bitcoin will have 2.0 in the future, which will be seamlessly connected with 1.0. That's funny. Why should the inventor of 2.0 connect with 1.0? Just as bitcoin does not connect with RMB, it is another opportunity for wealth redistribution
4. The existence of virtual currency can only meet the money laundering needs of a small number of people, so there is a market. For example, if someone wants to launder US $1 million recently, the ratio of bitcoin to legal currency will change, which is also in line with the market rules. Of course, money laundering is risky. If you buy one million dollars of bitcoin, you will hold it forever without losing any money
5. My legal currency is in the bank. If I lose it, I can still get it back with my ID card. Is my bitcoin password gone? Who should I go to
6. The currency expected by cndx will not be lost. At most, it will play in a certain circle just like Q currency
7. This thing is the proct of anarchism. If you want to embody value, you can only do it without government. The distribution of wealth depends on power and blood. For example, if you hold 10000 bitcoins, ZF says not to use them, and you say I'll use them. Bang, you're dead. Oh, bitcoin has appreciated again, because the total amount is less than 10000.

5. In fact, I don't know. I think they may have a better acceptance of new things!

6. Time zones are areas of the earth that use the same time definition. In the past, people determined the time by observing the position (time angle) of the sun, which made the time of different longitudes different (local time). Time zones partly solve this problem by setting up a standard time for a region. Countries in the world are located in different positions on the earth, so the sunrise and sunset time of different countries must be different. These deviations are called time differences. Japan is in the east of China, and the sun rises in the East, so the time difference in Japan is one hour earlier than that in China.

7. In the past two decades, the yen has appreciated a lot. In the 1980s, it was 250:1 against the US dollar, but now it is about 90:1. The face value of a country's currency is caused by historical reasons. After World War II, Japan had to issue a large number of banknotes to concentrate domestic resources in order to repay a large amount of reparations, because other countries could not allow it to repay with Japanese yen banknotes. During the period of great economic development of Japan in the 1960s and 1980s, in order to expand its economy, a large number of banknotes were issued again. In fact, the ratio of yen to us dollar is much higher now than at that time. After the 1980s, Japan planned to push the yen to the international market and keep pace with the US dollar. As an international reserve currency, Japan once tightened the money supply and made the yen appreciate sharply. Later, it turned out to be a failure (probably e to the financial trap deliberately set by the United States to prevent Japan from rising again), which led to Japan's 20-year great depression. At the beginning of China's reform and opening up, the price ratio of RMB to us dollar was about 3.5 to 1. Later, with the increase of economic aggregate, the money supply increased, and the price ratio of RMB to us dollar also dropped to the current level. Now the RMB is not so high against the yen, which is about 1:17

8. This is related to the whole social history of Japan. After World War II, the Japanese government, according to its own policies, formulated the road of scientific and technological development. Toyota, Honda, Sony, Panasonic and a series of other companies all originated from national policies. They started from introcing advanced technology to leading advanced technology. In the 1980s, the Japanese government realized the arrival of the aging population in the country and took the technical route ahead of time to improve the national skill level. At the same time, enterprises pay attention to the cultivation of staff quality and loyalty, many Japanese enterprises are lifelong employment system. Japan's currency is related to the economic crisis of the 90s of last century. Its essence is the domestic real estate bubble and stock market bubble. Meanwhile, the US demanded the yen to rise and Japan failed to withstand it. So the yen appreciated, the housing bubble and stock bubble burst, inflation expanded, and then the yen appreciation process intensified, forming a vicious spiral. It is not difficult to see that what the United States did to China is exactly what it did to Japan 20 years ago. The difference is that China's manufacturing instry can not withstand the disastrous blow brought by the appreciation of RMB. Japan's currency is only different in calculation basis, not cheap

9. ha-ha. The landlord must have never studied finance... Low currency value doesn't mean that any country is poor< On the contrary, if RMB keeps rising.. It is estimated that our economists will be worried
when you have time, go to the books about this.

10. Only by devaluing and making money worthless can it be concive to exports, and only by expanding exports can it be concive to economic growth. Don't look down on the Japanese. No one is willing to devalue the RMB, just for fear of China's export expansion and economic growth....