How to delist virtual currency

1. Reason: with the rapid development of information technology, real money is far from meeting people's demand for capital flow. If there are enough people to recognize the value of a virtual currency, it may become a substitute unit of material exchange, and the existence of virtual currency will inevitably cause another upsurge in the financial sector
in view of the possible risks of virtual currency, many international organizations and central banks have responded publicly to the supervision of virtual currency system. These responses can be roughly divided into four categories: warning and risk warning, supervision and registration permission, legislative norms, and explicit prohibition
(1) warning and risk warning
some central banks and regulators have issued risk warnings against the special currency and virtual currency system. The federal financial regulatory authority of Germany, the Bank of France, the central banks of the Netherlands and Belgium have issued public warnings against the possible money laundering and terrorist financing caused by the use of bitcoin. In the report released at the end of 2013, the European Banking authority (EBA) warned consumers of many risks of virtual currency, such as exchange loss, e-wallet theft, unprotected payment, price fluctuation and so on. Although Spain did not have a similar risk warning, it issued a timely information announcement related to virtual currency
(2) supervision and registration license
generally speaking, international organizations believe that the supervision of virtual currency should find a balance between risk prevention and innovation promotion. Since 2012, Sweden has required transactions related to virtual currency to be registered with financial regulators. Other countries pay attention to qualification supervision, so as to make it indirectly meet the requirements of prudential supervision. In other countries, the regulation mainly focuses on the business model of virtual currency transaction. The financial prudential regulatory authority of France regards the provision of bitcoin circulation and trading services and the act of earning funds in the process as a payment service and requires the authorization of the government. In addition, some countries focus on the intermediary institutions related to virtual currency. The German federal financial regulatory agency and Danish regulators believe that the provision of intermediary services for virtual currency needs to be authorized< (3) legislative norms
at present, some countries have proposed legislation to regulate virtual currency transactions. Canada plans to legislate to allow the government to supervise the transaction of bitcoin, and to include the transaction of more than US $10000 into the scope of suspicious supervision. The United States hopes to adjust the relevant legal structure should be compared with the development of the special currency. In order to make the Bank Secrecy Act (BSA) applicable in the context of network, the financial crime enforcement network (FinCEN) of the U.S. Department of the Treasury issued the explanatory guidance on the behavior and subject definition of private generation, holding, distribution, trading, acceptance and transmission of virtual currency in 2013. The European central bank stressed that it should strengthen international cooperation under the existing legal framework, and regulate virtual currency from the European and global level under the existing legal framework. More countries believe that bitcoin is not a currency in circulation, has no legal status, and does not meet the definition of financial instruments, such as Finland, Sweden, Malaysia and Indonesia
(4) it is forbidden
in some countries, bitcoin related transactions are prohibited. In December 2013, the people's Bank of China banned financial institutions from trading in bitcoin, which was subsequently extended to payment service providers. The central banks of Thailand and Indonesia share the same attitude. The circulation of anonymous internet currency (including bitcoin) is prohibited by the Russian judicial inspection department as a substitute for currency. The Central Bank of Russia has earlier included the provision of bitcoin services in the scope of suspicious transaction monitoring. The U.S. Securities and Exchange Commission (SEC) has banned the issue of unregistered shares in exchange for bitcoin, and unregistered online securities trading activities in virtual currency.

2. There are two methods: buy back and lock up or buy back and destroy. The former aims to sacrifice liquidity for a short-term good gimmick + theoretical deflation. The method is to buy back through the secondary market. Of course, there is also the practice of transferring money directly from the primary market to the lock address. In this case, we should pay attention to monitoring the capital flow of the lock address, which generally occurs in the public chain projects. Comparatively speaking, repo lock is better than repo destroy to reflect the sincerity of the project party, because the repo part will be directly put into the "black hole address" which can be checked, so as to cash in the positive, and attract new investors through the actual deflation and positive pull. Moreover, unlike the buyback lock, which can recover assets, the long-term benefits of buyback destruction are considerable
mainly speaking, it depends on the project party's idea. Gongxinbao and Xingyun chain both adopt the buyback lock mode, while trip of platform currency and blockchain tourism projects on several major platforms uses the buyback destruction mode. The former two brothers were very popular at that time, but they are not making any noise now, and the latter are still developing well. I don't know which mode eke belongs to

3.

As a proct of e-commerce, virtual currency is playing a more and more 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

1. fraud

2. impact on financial system

3. network security problems

   
   

4. solutions

   with the continuous progress of technology, electronic payment (including electronic money) is changing people's payment habits, but also changing people's consumption habits, promoting the expansion of consumer credit. It is necessary to pay close attention to the innovation of the form, the evolution of the nature, the difference of the operation mode and the possible impact on the credit risk and moral hazard of this new thing, and properly supervise it. But the more important thing is to give the market main body corresponding development space, avoid strangling the development vitality of the corresponding business organization in the early stage of market development. Therefore, the best way to treat e-money is to observe its changes and strengthen research. In the face of such remarks as "q-coin impacts the RMB financial market", we need to discuss them in the context of scientific and technological progress. The key to understand the problem is how to design relevant policies and encourage the development of electronic payment instruments such as electronic money, rather than the harm of speculative virtual money and electronic money. We call for strengthening supervision

4.

With the popularity of bitcoin and other virtual currencies, the risk of fueling illegal economic activities is increasing. The reporter recently learned that the regulatory authorities will ban the domestic virtual currency trading platform

for ordinary consumers, investing in bitcoin is also risky. Many experts and regulators in China have repeatedly appealed that virtual currency trading platforms such as bitcoin are lack of supervision and have become tools for money laundering in illegal economic activities. At the same time, these trading platforms are vulnerable to manipulation by makers, resulting in huge price fluctuations and easy to make retail investors suffer losses. They have become channels for manipulation and ransacking of retail investors by makers and should be banned as soon as possible

"banning bitcoin trading platform is a channel for banning the massive exchange between bitcoin and legal tender, not bitcoin." A person close to the regulator said that the ban on activities related to bitcoin exchange does not affect the development of blockchain technology

the reporter learned from the China Internet Finance Association that the reminder on preventing the risks of bitcoin and other so-called "virtual currencies" released on September 13 said that in recent years, bitcoin and other so-called "virtual currencies" have carried out centralized transactions on some Internet platforms, the number of stakeholders has graally expanded, and the potential financial and social risks can not be ignored

the Internet Finance Association stressed: "there is no legal basis for the establishment of various so-called" currency "trading platforms in China." Investors participate in speculation through bitcoin and other so-called "virtual currency" trading platforms, and face the risk of price fluctuations and security risks. Recently, a large number of trading platforms have been stopped by the regulatory authorities for supporting the token issuance financing (ICO)

more virtual money will inevitably disturb the social order, and it is an inevitable trend to restrict virtual money< br />

5. It's an administrative service center. Can we make Quanzhou procts? Well, you have to ask the personnel of relevant departments

6. Digital currency is currently a prohibited instry in China, so whether to make money or not is another key factor.

7.

Dag's full name is "directed acyclic graph". There is no block concept. Instead of packaging all data into blocks and linking blocks with blocks, each user can submit a data unit, which can contain many things, such as transactions, messages, etc. Data units are linked by reference relation to form DAG (directed acyclic graph) with partial order relation. The characteristic of DAG is to write data units asynchronously. A large number of wallet clients can write transaction data to DAG autonomously and asynchronously, which can support huge concurrency and high speed. At the same time, trustnote, which uses DAG technology, also supports declarative smart contracts. Declarative smart contracts mean that users can directly write and describe the results they want, and describe what they want to do in a very simple language that everyone can understand

by the end of 2017, there are more and more "high traffic applications". In addition to the mainstream e-commerce platforms, there are also live broadcast platforms, P2P financial management, today's headlines, Momo and so on. If "high traffic applications" are combined with DAG blockchain technology, what changes will it bring to the instry? In addition to the characteristics of the blockchain itself, such as decentralized, distributed ledger and tamper proof, DAG blockchain technology can not only support high concurrency, combine with double-layer consensus mechanism, use workload to prove consensus algorithm, but also prevent the "double flower" problem

then, how can DAG support high concurrency? First, the data is not as strong synchronization as bitcoin and Ethereum, but weak synchronization, allowing nodes to have different data at the same time, and the data can have some small differences. Second, the transaction can be confirmed through the reference between data units, that is, the subsequent units refer to the previous units. In this way, we don't need to transfer the data to the miners, and the whole process is completed by ourselves. This process is very fast. Dag is a beautiful way to solve the problem of high concurrency. Compared with the previous lightning network, DAG has its inherent advantages in other aspects

let's see how DAG can prevent "double flower"? If you can select a mainchain in a directed graph, you will find that all the nodes in the graph can be sorted in one way. If you connect the serial numbers in a row, the graph will become the same sequence structure as a blockchain, that is, the nodes that are sorted out, and each node is a transaction, not a block. Therefore, the determination of the main chain, through the main chain, can form a total order. The final result is that in a certain logical state, the transactions are sorted, which is the most critical part of DAG

"high traffic application" is a smooth expansion with the increase of the number of nodes and transactions. When the number of nodes exceeds 100 million or the number of transactions exceeds 1 million, the DAG's characteristic is that the more transactions, the faster, the more nodes

8. Generally refers to a currency price may return to zero, so it will be delisted

9. How much did you put in? Are there any records

10.

It is reported that the exchange of the fourth set of RMB partial bonds in Beijing will start on May 1 at a time when the circulation of the fourth set of RMB partial bonds will stop. It is reported that the delisted currency can either be exchanged or collected

previously, the central bank said publicly that the circulation of stopped bonds accounted for less than 1% of the circulation of RMB, and most of them were damaged or in a state of precipitation, that is, they were rare in circulation, only received but not exchanged, and there were less and less money on the market. There were two ways to collect and exchange the money after it could not be circulated:

it is reported that, The centralized exchange period of the fourth set of RMB bonds is from May 1, 2018 to April 30, 2019. During this period, the holders can go to the business outlets of various banking financial institutions for exchange. After the end of the centralized exchange period, the holders of part of the fourth set of RMB bonds can go to the banking financial institutions selected by the branches of the people's Bank of China for exchange

Article source: cctv.com