The influence of American election on virtual currency
Publish: 2021-04-18 19:27:57
1. bitcoin has been regulated by the US government in the United States. The US Commodity Futures Trading Commission (CFTC) recently released a document saying that bitcoin and other virtual currencies are reasonably defined as commodities, just like crude oil or wheat. This means that bitcoin futures and options are subject to CFTC regulations and regulation. It is necessary to apply for a license to carry out bitcoin related business in New York State, otherwise it will be considered illegal. In California, the attitude of bitcoin and other virtual currencies is relatively friendly, but they need to be registered
in the United States, it is legal as long as we do not use virtual currency to carry out illegal activities. Fuyuan coin is registered in the United States, and treasure coin is also registered in the United States. However, according to relevant media reports, the Chinese Americans represented by Liu Longzhu are targeting an enterprise called Regal group. On September 29, the Chinese company in Los Angeles was seized. The company was accused of using a virtual currency called "treasure coin" to cheat investors by pyramid selling, and Jiang Kun's photo became their propaganda material. In mainland China, there are still people peddling "precious coins", but the peddler did not mention Jiang Kun to mainland buyers.
in the United States, it is legal as long as we do not use virtual currency to carry out illegal activities. Fuyuan coin is registered in the United States, and treasure coin is also registered in the United States. However, according to relevant media reports, the Chinese Americans represented by Liu Longzhu are targeting an enterprise called Regal group. On September 29, the Chinese company in Los Angeles was seized. The company was accused of using a virtual currency called "treasure coin" to cheat investors by pyramid selling, and Jiang Kun's photo became their propaganda material. In mainland China, there are still people peddling "precious coins", but the peddler did not mention Jiang Kun to mainland buyers.
2. The United States has no anti money laundering agency specifically for virtual currency. Because virtual currency is very small in the face of the huge amount of money in the United States, and it has not been officially circulated in the world, it is not worth spending a lot of taxpayers' money to establish a special anti money laundering agency.
3. Because he thinks that what he is doing is more popular than bitcoin speculation
4. That's a good question
but your question has already been answered
but your question has already been answered
5.
The result of the US election will not have much impact on the RMB
No matter who is elected president of the United States, he will devote his economic policy to safeguarding his own interests, so the new US government is unlikely to have much impact on the capital market. China's economy is in the process of transformation, upgrading and opening up, and the economy going out of L-shape will support the long-term strength of RMBe to the early release of the Federal Reserve's expectation of interest rate increase in December, the US dollar index is hovering at a high level, and there is great uncertainty in the future. The future trend of RMB is mainly determined by internal factors, so the results of the US election will not have much impact on RMB
China's CPI in July 2006 only increased by 1% over the same period of the previous year, while the overall consumer price in the United States increased by about 4.1% over the same period of the previous year. The difference in price increases between China and the United States in July was 3.1 percentage points, roughly the same as the 3.3% increase in RMB since 2006 In May 2006, the yield of one-year US dollar bonds on the London market was 5.7%, while the yield of one-year bonds issued by the people's Bank of China was only 2.6%, and the difference between the two was just 3.1%as of July 2016, the appreciation rate of RMB against US dollar in the past year is 3.28%, which is roughly the same as the above yield difference! The reason why investors in RMB assets are willing to accept a lower rate of return is that they expect the appreciation of RMB to be slightly more than 3%
as long as investors continue to expect RMB to appreciate at this rate every year, according to the above monetary policy rule of keeping China's inflation rate lower than that of the United States, the interest rate gap between RMB and the US dollar will remain at about 3%
6. It is generally believed that the democratic government will support a strong US dollar policy, so when Obama is elected, the US dollar exchange rate will rise
the Democratic Party will emphasize taking care of the interests of the middle and low class, such as employment, while their position is that the low RMB exchange rate will lead to a large Sino US trade surplus, which will rece the competitiveness of American enterprises, rece employment, and require RMB appreciation
the Democratic Party will emphasize taking care of the interests of the middle and low class, such as employment, while their position is that the low RMB exchange rate will lead to a large Sino US trade surplus, which will rece the competitiveness of American enterprises, rece employment, and require RMB appreciation
7. Trump's rise to power is a global shock. Of course, I'm afraid one of these countries has a nightmare, and that is Japan. One of the main policies of trump election is to consider the unfair Security Treaty between the United States and Japan, and vowed to force Japan to bear more funds for US troops in Japan after its election. I hope my reply can answer your confusion.
8. At present, the US dollar will further raise interest rates, and the risk of RMB devaluation is relatively large.
9. In the short run, the financial market will be impacted and the foreign exchange market will be polarized
on the day of the general election, the market has shown great ups and downs. Although the brexit crisis has enhanced the awareness of market risk prevention, the market fluctuation will continue for a long time
the risk aversion sentiment of the market has increased greatly, and precious metals such as gold and silver will rise rapidly in the short term. The uncertainty of economic growth and policy will put pressure on the prices of energy such as oil and bulk commodities such as metal minerals
the results of the general election will have an important impact on monetary policy
the foreign exchange market will be polarized. On the one hand, the US dollar panic index will rise, the US dollar will further weaken, and the traditional safe haven currencies such as yen, Swiss franc, euro and pound will appreciate; On the other hand, there will be further pressure on the currencies of resource exporting countries represented by the Australian dollar and many emerging market currencies in Asia, leading to further devaluation, which may even exceed the depreciation of the US dollar
the pressure on RMB will weaken in the short term, and it is even expected to become a safe haven currency. I noticed that in September and October, China's capital outflow was still quite serious, foreign reserves further declined, and the exchange rate depreciated to around 6.8. However, after Trump came to power, the pressure of capital outflow decreased. Even if the central bank allows the RMB to depreciate slowly, the RMB exchange rate is still expected to remain between 6.7 and 6.8 by the end of the year
in terms of US dollar assets, US long-term treasury bonds are risk averse assets, and the pressure will not be too great, while the pressure on short-term treasury bonds may increase. On the whole, considering that trump will not take office until January 20, 2017, his economic policies will be greatly affected by the new Congress, the Supreme Court, the presidential cabinet, etc., so in the short term, it will have little impact on the global economic fundamentals
in the long run, China's economy may have a negative impact, but it will show resilience< First, global economic growth may decline< Second, inflation may be pushed up
thirdly, the trade surplus of trading partners decreased
Fourth, it further led to the rise of risk aversion in the United States, which was negative for risk assets and positive for gold, yen and other risk aversion assets
in the short term, the financial market will be impacted and the foreign exchange market will be polarized
on the day of the general election, the market has shown great ups and downs. Although the brexit crisis has enhanced the awareness of market risk prevention, the market fluctuation will continue for a long time
the risk aversion sentiment of the market has increased greatly, and precious metals such as gold and silver will rise rapidly in the short term. The uncertainty of economic growth and policy will put pressure on the prices of energy such as oil and bulk commodities such as metal minerals
the results of the general election will have an important impact on monetary policy
the foreign exchange market will be polarized. On the one hand, the US dollar panic index will rise, the US dollar will further weaken, and the traditional safe haven currencies such as yen, Swiss franc, euro and pound will appreciate; On the other hand, there will be further pressure on the currencies of resource exporting countries represented by the Australian dollar and many emerging market currencies in Asia, leading to further devaluation, which may even exceed the depreciation of the US dollar
the pressure on RMB will weaken in the short term, and it is even expected to become a safe haven currency. I noticed that in September and October, China's capital outflow was still quite serious, foreign reserves further declined, and the exchange rate depreciated to around 6.8. However, after Trump came to power, the pressure of capital outflow decreased. Even if the central bank allows the RMB to depreciate slowly, the RMB exchange rate is still expected to remain between 6.7 and 6.8 by the end of the year
in terms of US dollar assets, US long-term treasury bonds are risk averse assets, and the pressure will not be too great, while the pressure on short-term treasury bonds may increase. On the whole, considering that trump will not take office until January 20, 2017, his economic policies will be greatly affected by the new Congress, the Supreme Court, the presidential cabinet, etc., so in the short term, it will have little impact on the global economic fundamentals
in the long run, China's economy may have a negative impact, but it will show resilience< First, global economic growth may decline< Second, inflation may be pushed up
thirdly, the trade surplus of trading partners decreased
Fourth, it further led to the rise of risk aversion in the United States, which was negative for risk assets and positive for gold, yen and other risk aversion assets.
on the day of the general election, the market has shown great ups and downs. Although the brexit crisis has enhanced the awareness of market risk prevention, the market fluctuation will continue for a long time
the risk aversion sentiment of the market has increased greatly, and precious metals such as gold and silver will rise rapidly in the short term. The uncertainty of economic growth and policy will put pressure on the prices of energy such as oil and bulk commodities such as metal minerals
the results of the general election will have an important impact on monetary policy
the foreign exchange market will be polarized. On the one hand, the US dollar panic index will rise, the US dollar will further weaken, and the traditional safe haven currencies such as yen, Swiss franc, euro and pound will appreciate; On the other hand, there will be further pressure on the currencies of resource exporting countries represented by the Australian dollar and many emerging market currencies in Asia, leading to further devaluation, which may even exceed the depreciation of the US dollar
the pressure on RMB will weaken in the short term, and it is even expected to become a safe haven currency. I noticed that in September and October, China's capital outflow was still quite serious, foreign reserves further declined, and the exchange rate depreciated to around 6.8. However, after Trump came to power, the pressure of capital outflow decreased. Even if the central bank allows the RMB to depreciate slowly, the RMB exchange rate is still expected to remain between 6.7 and 6.8 by the end of the year
in terms of US dollar assets, US long-term treasury bonds are risk averse assets, and the pressure will not be too great, while the pressure on short-term treasury bonds may increase. On the whole, considering that trump will not take office until January 20, 2017, his economic policies will be greatly affected by the new Congress, the Supreme Court, the presidential cabinet, etc., so in the short term, it will have little impact on the global economic fundamentals
in the long run, China's economy may have a negative impact, but it will show resilience< First, global economic growth may decline< Second, inflation may be pushed up
thirdly, the trade surplus of trading partners decreased
Fourth, it further led to the rise of risk aversion in the United States, which was negative for risk assets and positive for gold, yen and other risk aversion assets
in the short term, the financial market will be impacted and the foreign exchange market will be polarized
on the day of the general election, the market has shown great ups and downs. Although the brexit crisis has enhanced the awareness of market risk prevention, the market fluctuation will continue for a long time
the risk aversion sentiment of the market has increased greatly, and precious metals such as gold and silver will rise rapidly in the short term. The uncertainty of economic growth and policy will put pressure on the prices of energy such as oil and bulk commodities such as metal minerals
the results of the general election will have an important impact on monetary policy
the foreign exchange market will be polarized. On the one hand, the US dollar panic index will rise, the US dollar will further weaken, and the traditional safe haven currencies such as yen, Swiss franc, euro and pound will appreciate; On the other hand, there will be further pressure on the currencies of resource exporting countries represented by the Australian dollar and many emerging market currencies in Asia, leading to further devaluation, which may even exceed the depreciation of the US dollar
the pressure on RMB will weaken in the short term, and it is even expected to become a safe haven currency. I noticed that in September and October, China's capital outflow was still quite serious, foreign reserves further declined, and the exchange rate depreciated to around 6.8. However, after Trump came to power, the pressure of capital outflow decreased. Even if the central bank allows the RMB to depreciate slowly, the RMB exchange rate is still expected to remain between 6.7 and 6.8 by the end of the year
in terms of US dollar assets, US long-term treasury bonds are risk averse assets, and the pressure will not be too great, while the pressure on short-term treasury bonds may increase. On the whole, considering that trump will not take office until January 20, 2017, his economic policies will be greatly affected by the new Congress, the Supreme Court, the presidential cabinet, etc., so in the short term, it will have little impact on the global economic fundamentals
in the long run, China's economy may have a negative impact, but it will show resilience< First, global economic growth may decline< Second, inflation may be pushed up
thirdly, the trade surplus of trading partners decreased
Fourth, it further led to the rise of risk aversion in the United States, which was negative for risk assets and positive for gold, yen and other risk aversion assets.
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