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Is virtual currency illegal in the United States

Publish: 2021-04-22 03:52:10
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.
2. Why should the United States recognize bitcoin as a legal financial instrument? Its purpose is to bring bitcoin into the financial regulatory system to protect the interests of ordinary investors. This is the same starting point as our central bank's announcement to ban bitcoin. A typical representative case is a case called Trenton? In 2011-2012, he amassed 700000 bitcoins with a total value of more than US $4.5 million, but he suddenly closed the trust in August 2012, and then claimed that bitcoin was not money and was not regulated by the US government. In order to protect the interests of investors, in August 2013, the court ruled that bitcoin as a financial instrument should be regulated by the US government. This is interpreted as "the United States recognized bitcoin"
3. 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.
4.

[characteristics of bitcoin]

the reason why bitcoin is anonymous is that they are built on a decentralized system. Bitcoin is completely independent, and the outside world cannot shut it down through some kind of core infrastructure

"anonymity" is very useful for those who don't want to associate their name with the goods or services they purchase. What outsiders see is nothing more than the address of your bitcoin wallet and a string of random words and numbers. Besides, there is no information that can identify themselves. For relatively paranoid users, they can also create many new wallets for free.

bitcoin is designed to allow anonymous ownership and use rights. Bitcoin can be stored in personal computers in the form of computer files (wallets) or in third-party hosting services. No matter how it is saved, bitcoin can be sent to anyone on the Internet through its address. The distributed characteristics of P2P and the design of no central management mechanism ensure that no organization can manipulate the value of bitcoin or create inflation. Its main features are as follows:

< UL >
  • decentralization

  • < / UL >

    bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of the security and freedom of bitcoin

    < UL >
  • circulation around the world

  • < / UL >

    bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

    < UL >
  • exclusive ownership

  • < / UL >

    the private key is required to manipulate bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself

    < UL >
  • low transaction cost

  • < / UL >

    bitcoin can be remitted free of charge, but in the end, a transaction fee of about 1 bit will be charged for each transaction to ensure faster execution of the transaction

    < UL >
  • no hidden cost

  • < / UL >

    as a means of payment from a to B, bitcoin has no cumbersome limit and proceres. If you know the other party's bitcoin address, you can pay

    < UL >
  • cross platform mining

  • < / UL >

    users can explore the computing power of different hardware on many platforms


    [bitcoin acquisition method]

    first of all, your computer should be installed with the latest version of bitcoin client. After opening the client, all the transaction information data on the network will be automatically downloaded to the local. Depending on the network speed, this process may take several hours. At this time, the account balance is 0. Users can ask friends to send some coins, but a more feasible way is to do mining or merchant acquisition[ 6]

    < UL >

  • mining as a miner

  • < / UL >

    to be a miner is to proce bitcoin with one's own computer. In the early client, there was the option of mining, but it has been cancelled. The reason is very simple. With more and more people participating in mining, it may take several years for one to dig 50 coins, So miners generally organize into miners' guild, and they dig together. Specific mining methods, you can go online search. This method is already very unrealistic

    < UL >
  • as a businessman, you can buy coins g by miners with money, open an online shop to sell things and collect bitcoin, and even go to the exchange to speculate in coins. There are many websites providing bitcoin exchange services, which can be converted into almost any kind of currency. If you really don't know how to exchange, you can also come to laoan for help


    the difficulty of bitcoin mining is directly proportional to the amount of money that has been mined. The more difficult it is to mine, the more difficult it will be. After 20 million bitcoins are mined out in 2030, the remaining 1 million bitcoins will probably take decades to be mined out. And bitcoin has no central issuing authority, which is generated by network nodes through complex calculations. Anyone can run bitcoin software on a computer to make it. During circulation, enter the quantity 1 on the client software, then come to the other party's bitcoin address and sign with the payer's password. After that, the bitcoin is the other party's




    relevant information and pictures are from the Internet: search through the Internet for

    relevant reference sources are as follows:

    http://finance.chinanews.com/it/2013/08-09/5141755.shtml

    http://it.sohu.com/20130410/n372202897.shtml

  • 5.

    Personally, I don't think blockchain development technology is reliable. It's just what kind of R & D technology group you choose. Even if you choose a better R & D technology group, you may not be able to achieve the blockchain technology you require. Different instries and fields have different technical indicators, not to mention this complex new technology. On the other hand, let the R & D technology group agree with the machine instry thinking you need to apply, otherwise the procts developed will not meet your requirements. We focus on the professional field of blockchain technology, and the project has been carried out for more than a year, but it has not been successfully implemented. The difficulty is that overthrowing the traditional model will touch a great chain of interests, so it must be a process of graal infiltration

    according to what you said: blockchain based on machine learning can be understood as asking a technical question


    I hope the above answers can help you

    6. This currency is legal in the United States. It's just a virtual currency, a bit like bitcoin.
    7. It should not be illegal
    why
    there are many companies, such as 88 gold coins, which are specially made for games. They recruit people to play games and equipment, and sell RMB for money. But their biggest markets are abroad, especially American clothing and European clothing, and their profits are very high.
    8. This does not necessarily mean that treasure coin has been sued before, and the probability of success is estimated to be zero
    Vicat China has internally confirmed that Vicat is "direct selling", but it has not obtained the domestic license. In the list of 61 direct selling enterprises published by the Ministry of Commerce, the reporter did not find the name of Vicat
    bitcoin and other virtual currencies are open source programs, and the parameters and methods of their total amount limit are displayed in the open source code, so as to show the operation mechanism of the currency system openly and transparently. However, Vicat does not disclose its source code, which in itself violates the basic principles of virtual currency. " In addition, bitcoin and other virtual currencies are scattered transactions spontaneously formed in the market, and after the scale is formed, the third party graally establishes an exchange to complete the transaction. The Vicat is issued by itself and traded on its own platform. The so-called cooperation with the bank is nothing. Vicat currency, which has problems in basic properties, has high investment risk, so investors need to be cautious Netease News)
    in the coin circle, bitcoin home and many mass media have also exposed the pyramid scheme of Vicat under the guise of bitcoin
    economists point out that Vicat is a virtual currency with the nature of multi-level pyramid selling, and its investment risk is extremely high, so participants should be cautious China business website)
    9. Unknown_Error
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