Can Asian dollar become a virtual currency in the future
I haven't heard of the name of this company. I can't understand the details. But there are some companies that are involved in these businesses. For example: Shenzhen Qianhai yawencang Yayuan digital currency asset management Co., Ltd
Yayuan is MLM
On August 21, the people's Court of Shaodong county tried a case of organizing and leading pyramid selling activities in public. Li and other seven defendants were sentenced to fixed-term imprisonment ranging from two years to three years and six months, and were also fined. Meanwhile, the funds involved in the case were confiscated and turned over to the state treasuryfrom May 2015 to February 2018, LAN and Ouyang established Shenzhen Qianhai yawencang Yayuan digital currency asset management Co., Ltd. and established an online trading platform for virtual assets such as "Yayuan" and "cultural tourism assets"
after joining the company, the seven defendants, including Li, actively used wechat, telephone, on-site meeting to organize visits and other ways to promote, lured people to buy "Yayuan" and "cultural tourism assets" to join the company, and asked the participants to continue to develop others to participate, and formed levels according to a certain order, according to the number of development downline, the amount of investment, according to the trends, the number of employees, the number of employees, the number of employees, and the number of employees Static rewards and other ways to rebate
extended information
according to the information disclosed on the official website of Shaodong county people's court in Hunan Province, the court recently heard a huge online pyramid selling case in the name of issuing virtual assets such as "Yayuan" and "cultural and tourism assets", involving 341000 members with a capital of 1.99 billion yuan
suspect, such as Ou et al, used the project of Yuan Yuan and Wen Lu as the pretext. He asked participants to get the qualification of paying the fee and form a hierarchy according to a certain order. The amount of the developer was directly used as the basis for the payment and rebate, and the money was taken for serious purposes, which seriously disrupted the economic and social order. p>
the website platform attracted members' investment, forming six levels of provincial branch, municipal branch, County branch, township branch, shareholder member and ordinary member. All the seven defendants, including Li Mou Bao, were above the level of municipal branch, with tens of thousands of development members. The case involved 341000 participants, involving Hunan, Shandong, Jiangsu and other provinces, and absorbed more than 1.99 billion yuan of MLM funds
After trial, it was found that seven defendants, including Li Mou Bao, had committed the crime of organizing and leading pyramid selling activities, and the circumstances were serious. In accordance with the relevant provisions of the criminal law of the people's Republic of China, the above judgment shall be made in accordance with the law At present, there are various forms of MLM, but no matter traditional MLM or all kinds of online financial MLM, no matter how "cosmetic surgery" is also inseparable from its origin, it has the following three characteristics:one is the entry fee, which needs to pay money or in disguised form (such as purchasing procts) to obtain the membership qualification
the second is to pull people to get high reward
The third is the way of remuneration, which is based on the direct or indirect development of personnelthe masses should keep their eyes open, be alert to the temptation of "profiteering", keep in mind the three basic characteristics of MLM and guard against falling into the trap of MLM
"Asian dollar" is not a physical paper money or copper money that can be used on the spot, but a virtual currency based on the weighted value of the monetary value, GDP and trade scale of 13 Asian countries. The Asian Development Bank will determine the exchange rate of the Asian dollar against the US dollar and the euro, and publish it through its website
the Asian dollar is the first stage to realize the Asian common currency, which can be used as a reference index for countries to formulate exchange rate policies. Most of the governments of major Asian countries such as South Korea, China and Japan support the formulation of the Asian common currency. However, an agreement has been reached on a specific plan for the Asian dollar to be as common as the euro. If the Asian dollar is used as a real currency, the world will be divided into three polar currency circles: the US dollar, the euro and the Asian dollar“ The birth of "Asian dollar" also means that Asian countries will realize economic integration in the face of the regionalized American economic area and European economic area
"for a long time, the Chinese and Japanese governments have been trying to make RMB and yen the currencies representing Asia, but they have not given in to each other, which makes this matter difficult. As a result, there is strong support for the first step in making the Asian dollar the common currency of Asia. "
it has been more than 30 years since European countries began to discuss the issue of common currency to the birth of euro. However, as the transaction growth rate of Asian countries is faster than that of the United States and Europe, many people expect that the birth of Asian dollar may be realized faster than expected. However, there are also many obstacles. Because the United States is worried about weakening its influence in the Asian economic area, it may try to contain it through the International Monetary Fund (IMF). "The birth of the Asian Monetary Fund (AMF), which aims to coordinate monetary policy in the Asian region, is also facing difficulties e to the opposition of the United States," a relevant person from the Ministry of Finance and Economics said. The United States does not want the triple polarization of the US dollar, the euro and the Asian circle in the world financial market. "
the main reason why it can't be realized is that there are many countries in the Asian region with uneven economic development, and even some countries are still in war. In this case, issuing Asian dollar is just an idealism
as the ideal state of Asia dollar, some economists propose to establish an "East Asia dollar", which is just an ideal. Not to mention the disputes among China, Japan and South Korea, China's population alone can crush the East Asia dollar
RMB can not be used as a world currency. Although RMB is a responsible currency, it does not have the ability to become a world currency e to the current internal and external pressure, but it can become a small-scale general currency, which has been realized in Southeast Asia.
He Zhenghong, head of the regional economic integration office of the Asian Development Bank, revealed to Japanese media that the Asian Development Bank is designing the "Asian dollar" concept, which is expected to be completed and officially announced in mid-2006
the English name of the coming "Asian dollar" is "ACU". Its basic design concept is a package of currencies, including RMB, Japanese yen, Korean won and the currencies of 10 ASEAN countries. In addition, whether Taiwan dollar and Hong Kong dollar should be added is still under study. The calculation method adopts the weighted average value of various currencies, that is, the proportion of each country's currency in a package of currencies is calculated according to the gross national proct and foreign trade import and export volume of each country and region. It is estimated that the proportion of RMB, yen and won will be higher. The newly designed "Asian dollar" will form a certain exchange rate with the US dollar and the euro. The ADB plans to publish the exchange rate of "Asian dollar" against the US dollar or the euro every day from some time next year
it is said that the design of the "Asian dollar" mainly referred to the experience before and after the birth of the euro, that is, the "European unit of account" announced by the European Union at that time, which also adopted a package of currencies, which played a bridge role in the smooth transition to the "euro" in the full sense. However, he he believes that the current situation in Asia is different from that in Europe at that time. Asia's economic development is unbalanced, the regional and economic gap is large, and the integration process is low. Therefore, the formal birth of the "Asian dollar" still needs a considerable period of transition. Even if the concept of "Asian dollar" is released next year, the ADB will not require all kinds of currencies to be linked to the "Asian dollar" in the short term. However, we can adjust the financial and monetary policies according to the "Asian dollar", so that the monetary mechanism will graally move closer to the "Asian dollar", which will lay the foundation for the official introction of the "Asian dollar" in the future. At present, it is of great significance to the design and trial implementation of "Yayuan"
It's not a national platform
from May 2015 to February 2018, LAN and Ouyang established Shenzhen Qianhai yawencang Yayuan digital currency asset management Co., Ltd. and established an online trading platform for virtual assets such as "Yayuan" and "cultural tourism assets"
after joining the company, the seven defendants, including Li, actively used wechat, telephone, on-site meeting to organize visits and other ways to promote, lured people to buy "Yayuan" and "cultural tourism assets" to join the company, and asked the participants to continue to develop others to participate, and formed levels according to a certain order, according to the number of development downline, the amount of investment, according to the trends, the number of employees, the number of employees, the number of employees, and the number of employees Static rewards and other ways to rebate
the website platform attracted members' investment, forming six levels of provincial branch, municipal branch, County branch, township branch, shareholder member and ordinary member. All the seven defendants, including Li Mou Bao, were above the level of municipal branch, with tens of thousands of development members. The case involved 341000 participants, involving Hunan, Shandong, Jiangsu and other provinces, and absorbed more than 1.99 billion yuan of MLM funds
extended information
Shaodong county people's Court of Hunan Province tried a case of organizing and leading pyramid selling activities in public. Seven defendants, including Li Mou Bao, were sentenced to fixed-term imprisonment ranging from two years to three years and six months, and were also fined. At the same time, the funds involved in the case were confiscated and turned over to the state treasury
After trial, it was found that seven defendants, including Li Mou Bao, had committed the crime of organizing and leading pyramid selling activities, and the circumstances were serious. In accordance with the relevant provisions of the criminal law of the people's Republic of China, the above judgment shall be made in accordance with the lawin 2018, there were 166 cases of pyramid selling of virtual currency in China. There were 94 in 2017, 46 in 2016, 10 in 2015 and 5 in 2014, with an average annual growth rate of over 100% in recent years. Based on the 166 cases of virtual money pyramid scheme in 2018, after only a few years, virtual money pyramid scheme has accounted for nearly 5% (166 / 3612) of the total pyramid scheme in China, with an amazing growth
The main functions and benefits of the Asian monetary unit (AMU) are as follows:
1. Strengthening economic cooperation among countries in the region can promote the development of trade and proction
2. It enables member countries to rece their dependence on the US dollar, and trade settlement between member countries can be settled in Asian units, which can rece the losses caused by exchange rate fluctuations
3. In the long run, it is expected that the Asian dollar will become a strong international currency, and the member countries can pay and invest according to their own share, without having to reserve too much US dollar and foreign exchange, which is a way to make money
4. The emergence of the Asian dollar can attack the hegemony of the US dollar and weaken the influence of the US
5. It can increase the sense of identity among Asian countries and rece the friction among various countries
although RMB is the most important component of amu, according to people close to the management, the Chinese government is still in the policy wait-and-see stage because it is "unclear" about the preparation method and expected effect of amu
the instability of the yen is fatal. The Amu is designed with reference to the European monetary unit, the predecessor of the euro. It uses a basket of currencies to combine the currencies of 13 countries, including China, Japan, South Korea and 10 ASEAN countries“ There are three main purposes for ADB to compile amu: first, to measure Asia's competitiveness in the global economy; Second, to measure the relative relationship of Asian currencies; The third is to prepare for the issuance of amu denominated bonds. "
according to the compilation method, the weight of currencies in amu depends on the GDP and trade volume of member countries. According to this principle, RMB and yen become the core currencies of amu. The RMB has the highest weight in the amu, about 30%, followed by the yen, at 20%
Williamson, a famous western economist who once proposed the Washington consensus, believes that the yen should not be the dominant currency in the public basket, because "the yen is unstable and fluctuates a lot."< Many economists agree with this view. According to Professor Guo Hongyu of the school of finance, University of international business and economics, first of all, Japan's long-term economic downturn and huge amount of bad debt make the value of yen unstable. Secondly, Japan's foreign demand led economic growth mode determines that the yen is difficult to become the support point of regional currency. The external demand growth model means that Japan has a large trade surplus, a long-term balance of payments surplus and insufficient supply of yen. However, the scale of Japan's domestic market is relatively limited, and the central bank's ability to regulate money supply is limited. To make matters worse, the Japanese economy can't bear the pressure of yen appreciation. If the yen continues to appreciate, it will bring a disastrous blow to the Japanese economy. As a result, when Japan adjusts the exchange rate relationship between yen and regional currencies, yen can only depreciate, not appreciate. It can be seen that if we build the Asian monetary system with yen as the core currency, it will lead to the lack of flexibility of the whole monetary system
"it is unrealistic to exclude Japan completely." Dr. Zhang Bin believes that Japan, as a big investor, has different scale of investment in the member countries of amu“ If we want to promote the Amu process, the Japanese government should take a cooperative attitude, for example, to ensure the relative stability of the yen, rather than let the yen continue to depreciate. "