Withdrawal of virtual currency ustd
secondly, confirm your question, you mean whether you can convert the game currency back to RMB, because if it exists in the form of RMB, it is called withdrawal, and it is impossible to withdraw if it is a virtual currency
back to your question, the reason why the app can't withdraw cash is that if the virtual currency inside can be reversed into RMB, it will impact the real monetary system, which is risky
I remember many online games in which the game currency purchased by RMB is used for gambling, For example, if the game currency (happy beans) can be reverse converted into RMB, what's the difference between this and changing chips in casinos, so in my impression, one of the keys for law enforcement agencies to determine whether it is gambling is whether the game currency can be reverse converted into RMB
hope to adopt, thank you!
usdt is the token of US dollar (USD) launched by tether company. 1 usdt = 1 US dollar, users can use usdt to exchange 1:1 with USD at any time. Tether company implements the 1:1 reserve guarantee system, that is, each usdt token will have a reserve of $1 to support the constant price of usdt. The unit price of a digital asset is usdt, which is equivalent to the unit price of the digital asset in USD
since usdt is equivalent to the same amount of US dollars, it is a digital asset with relatively stable value. When the market price fluctuates violently, the user can replace the blockchain assets in the account with usdt to achieve the function of hedging
users can transfer US dollars to the bank account provided by tether company through swift, or exchange usdt through the trading platform such as otc.huobipro.com. When redeeming US dollars, reverse operation is enough. Users can also exchange bitcoin for usdt on the trading platform.
According to the notice on carrying out self inspection and rectification of payment services for illegal virtual currency transactions in China, all Payment institutions within the jurisdiction carry out self inspection and rectification, strictly prohibit providing services for virtual currency transactions, and take effective measures to prevent payment channels from being used for virtual currency transactions
therefore, usdt cannot be directly converted into RMB
extended data:
TEDA currency is a virtual currency that links cryptocurrency with legal currency US dollar. Each TEDA coin is symbolically associated with government supported legal tender. TEDA currency is a virtual currency kept in the foreign exchange reserve account and supported by legal tender
usdt is the same value as US dollar, which can be exchanged directly on the official website. But the exchange of RMB should be carried out on other digital trading platforms. Usdt is TEDA currency and cannot be directly converted into RMB
it doesn't give you cash
warm tips:
the above data are for reference only, and the details are subject to the official website of tether company
according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law
response time: January 20, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
it's said that coin easy has opened up the usdt recharge and withdrawal business, and it is free of transaction fees. Is that true
Expand