Private issue of virtual currency

1. To be an intentional criminal of bitcoin, we need to make use of bitcoin to do non-material things. The central bank and other five ministries and commissions issue bitcoin risk notice (full text of bitcoin experts in China): the notice clearly defines the nature of bitcoin, recognizes that bitcoin is issued by the monetary Bureau, has monetary attributes such as compensatory and mandatory, and has real significance. From the perspective of monetary nature, the specific virtual goods of bitcoin have the same legal potential as money and should be used for currency market circulation Bitcoin trading is a kind of Internet Chinese commodity trading bank. Ordinary people are free to participate at their own risk. The notice requires payment institutions of financial institutions to buy and sell bitcoin procts or services at a fixed price, or buy and sell bitcoin as a central bank. Bitcoin underwrites insurance business related to bitcoin, or bitcoin is included in the scope of insurance liability. Direct or indirect customers provide bitcoin related services, including: customers Users provide bitcoin registration, trading, clearing, settlement and other services; Accept bitcoin or bitcoin as payment and settlement tool; Bitcoin and foreign currency exchange services; Bitcoin storage, custody, mortgage and other business; Issue financial procts related to bitcoin; Bitcoin as a trust Fund and other investment targets are stipulated in the notice as the main trading platform of bitcoin. Bitcoin Internet China station shall, in accordance with the regulations of the Chinese Communist Party of China on telecommunications and the provisions of the Internet China Information Service Management Office, file with the telecommunications management agency. The notice requires the relevant agencies to fulfill the requirements of the Chinese Communist Party on anti money laundering The "notice" requires financial institutions and Payment institutions to make sure that they use the concept of currency in their work, and pay attention to strengthening the public's monetary knowledge ecation, recognizing and treating the virtual currency of virtual commodities Rational investment, reasonable control of investment risk, maintaining the safety of their own property and other concepts are included in the content of financial knowledge popularization to guide the public to establish a correct monetary investment concept

2.

Digital money is legal

digital currency itself is legal in China. Digital currency is defined as Internet goods in China, but the relevant supervision is still blank, and digital currency is still in the gray area in China. Well known digital currencies include bitcoin, Leyte coin, Ruitai coin, thousand gold card, dog coin, etc

however, there are also some non developers who use the cover of digital currency to carry out pyramid schemes, such as the Vicat scheme, treasure scheme, Porter scheme and so on

development materials:

digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency

3. No, the money is your own. You can buy anything you want, except guns, ammunition, drugs, whoring and nothing else

4. As long as the price is reasonable, it is not illegal for both parties to trade voluntarily. It's like you have an old TV set that you want to sell and someone wants to use. It's not against the law to negotiate the price and pay for it and deliver it.

5. There are no strict restrictions on the issuance of virtual currency in China, but the premise is that illegal activities are not allowed. There is no need to apply to issue a virtual currency in China. Virtual currency is still in a gray area in China. Bitcoin, Ruitai coin, Laite coin and so on are well-known in China.

6. At present, indivials should not be able to issue virtual currency. For example, Internet game companies have to have a license to issue virtual currency.

7. Your account balance may belong to the restricted balance (check the nature of the balance in the account information). The restricted balance can only be used for consumption, and cannot be withdrawn or transferred~

8. In other words, they value short-term benefits more than long-term ones. If the government controls the issuance of money, they can finance the government by issuing money, which will lead to serious inflation. The independence of the central bank from the government is the check and balance of government power. In fact, many western countries now attach great importance to the degree of independence of the central bank from the government, and from practical experience, the better the independence of the central bank, the better the anti inflation situation. In terms of "intelligence", private banks are no worse than state-owned banks. As long as there is a good system to put private banks under control, it may not be able to manage money well. Moreover, the Federal Reserve is not private in the general sense. Its board members change on schele, and the law stipulates that there must be fixed seats occupied by non-financial people

9. In foreign countries, they have the power to specify the scale of issuing currency and designated issuing banks
however, non-state-owned banks issue money and print money
because there are no state-owned banks in foreign countries. It's all personal.