National Development of virtual currency experiment

1.

Some virtual currencies are illegal in China. Chinese laws prohibit virtual currencies. The only legal currency in China is RMB. Since the people's Republic of China issued RMB, it has lasted 71 years. With the development of economic construction and the needs of people's life, it has graally improved and improved. So far, it has issued five sets of RMB, forming a multi variety and multi series monetary system of paper money and metal money, ordinary commemorative money and precious metal commemorative money

except for 1,2,5 fen coins, the first, second and third sets of RMB have been withdrawn from circulation, and the fourth set of RMB has been suspended from circulation since May 1, 2018 (except 1 jiao, 5 jiao notes and 5 jiao, 1 yuan coins). The current circulation of RMB is mainly the fifth set of RMB issued in 1999

< H2 > extended information

the people's Bank of China is scheled to issue the fifth set of RMB 50 yuan, 20 yuan, 10 yuan, 1 yuan banknotes and 1 yuan, 5 jiao, 1 jiao coins of the 2019 edition from August 30, 2019. The fifth set of RMB inherits the traditional experience of China's printing technology and draws lessons from the advanced technology of foreign banknote design, which has greatly improved its anti-counterfeiting performance and currency processing modernization

Chairman Mao Zedong's head portrait in the early days of the founding of the people's Republic of China is used on the front of each denomination currency, the famous Chinese flower pattern is used on the bottom, and the main scenery pattern on the back fully shows China's long history and magnificent mountains and rivers, and carries forward China's great national culture by selecting representative patterns with national characteristics

2. 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.

3. Global Forex - the risk of bitcoin is that bitcoin users are very vulnerable: using bitcoin may make your computer and mobile data targets for hackers. Thieves will try to pry into your virtual currency "wallet." Even if you use a powerful computer, as long as you connect to the network, you are likely to be attacked by hackers. By the way, if

4. There is still a lot of room for the development of virtual currency in China
but most of the current network platforms have their own virtual currency, big Tencent's Q currency
small starting point Chinese network's starting point currency
if you can create a virtual currency to combine all these big network platforms, If it is universal,
it has a bright future.
it means that gold can be exchanged in every country.
now, Q coin has done a lot.
I don't know if the virtual currency you mentioned is this virtual currency.
if it is useful, please adopt it.
if it is useless, please ignore it

5.

According to the published data and conclusions, China will be ahead of foreign countries in terms of science and technology theory, e-payment habit and mature payment system{ RRRRR}

finally, in China, the electronic payment system is relatively perfect, that is to say, if digital currency is implemented in the future, it can be easily implemented, and the related construction cost is relatively low. Moreover, whether it is digital currency or electronic payment, the difference between the two is not big, and digital currency can adapt to more diverse scenarios, and people can accept it more easily, It will not become unaccustomed because of the sudden change, which will also lay a good foundation for the development of digital currency in our country. However, such a system and payment habit are not possessed by other countries at all, and most countries are not used to electronic payment, so there is no digital currency base at all

6.

There are two reasons for the prohibition of virtual currency trading by the state:

1. The price fluctuates violently and the consumer protection is lacking:

virtual currency is the proct of network, and the digital information flowing in the network is beyond everyone's control. The code of cyberspace is the basis of the operation of virtual currency, investors can only operate through the front-end interface, seemingly "control" the virtual currency. The operator of the virtual currency service organization may become the actual controller of the virtual currency through the control code

bitcoin and other so-called "virtual currencies" lack a clear value basis, the market is full of speculative atmosphere, the price fluctuates violently, and investors blindly follow suit, which is easy to cause capital losses

2. Evade supervision and become the "accomplice" of criminal activities:

bitcoin is popular as a payment tool in the so-called "dark web" world“ The "dark net" is full of all kinds of serious criminal activities. One of the original intentions of the invention of bitcoin is to evade regulation. It has the characteristics of anonymity and convenient cross-border flow, and has become the preferred tool of "underground economy"

the existence of bitcoin and exchanges and other instrial chains has constructed a illegal financial market for asset transfer and financing in addition to legal currency, increased the difficulty of regulatory authorities in managing financial security and stability, and promoted regulatory arbitrage and financial crimes. The risks and social security risks it brings to the financial market are far higher than its innovative value

extended information

virtual currency transactions are not protected by law:

according to the notice on preventing bitcoin risks issued by the people's Bank of China and other departments on December 3, 2013 and the announcement on preventing financing risks of token issuance issued by seven ministries and commissions including the people's Bank of China on September 4, 2017, virtual currency is not issued by monetary authorities, It is not a real currency because it does not have the monetary attributes of legal compensation and compulsion

in terms of nature, virtual currency should be a specific virtual commodity, which does not have the same legal status as currency, and can not and should not be used as currency in the market. Although citizens' investment and trading in other virtual currencies are personal freedom, they can not be protected by law

7. At present, no country in the world is fully operating virtual currency. However, in South America, some countries have issued their own virtual currency as a supplement to the existing monetary system

it is reported that the Ecuadorian government will soon adopt digital currency as a supplement to its dollar based real currency system

the Ecuadorian government is going to adopt digital currency instead of popular bitcoin. In fact, Ecuador will implement its own electronic currency system, officially known as "sistema de dinero electric" ó "Nico", Ecuadorian officials said that the digital currency is only a supplement to Ecuador's real currency, but some experts seem to think that there may be other motives for this move

Ecuador is not the only country to use digital currency. Sweden is also using digital currency, but the difference is that Ecuador's digital currency is run by the government itself, which can't help raising doubts. Of course, Ecuadorian officials guarantee that Ecuador's financial system will maintain the status quo, and e-money will only supplement the existing monetary system

since 2013, the popular virtual currencies are bitcoin, Fuyuan coin, Laite coin, doggy coin, Ruibo coin, Yuanbao coin and so on.

8. Because this technology is crucial, the state should re promote the blockchain technology

9. BT = bit test bit detection instruction format: BT / BTC / BTR / BTS, reg / MEM, reg / IMM; 80386 + affected flag bit: the CF bit detection instruction transmits a bit value in the second operand to the flag bit cf. the specific bit is determined by the second operand of the instruction. According to the differences in the processing of specific bits in the instruction, there are several instructions: BT: transmit the pointing position to CF; BTC: after transferring the finger positioning to CF, the bit will be reversed; BTR: after transferring the finger positioning to CF, the bit will be changed to 0; BTS: the bit is changed to 1 after the finger positioning is transmitted to CF; For example, suppose (AX) = 1234h, execute the following instructions BT, ax, 2 respectively; After the instruction is executed, CF = 1 (AX) = 1234h BTC ax, 6; After the instruction is executed, CF = 0 (AX) = 1274h, BTR ax, 10; After the instruction is executed, CF = 0 (AX) = 1234h, BTS ax, 14; After the instruction is executed, CF = 0 (AX) = 5234h [edit this paragraph] BT seed release and upload provide free BT seed upload release space online upload download BT seed support: torrent format upload file upload [edit this paragraph] back track 3 1. Originally, it was specially set up to crack wireless, but later it has more integrated tools, which can completely invade other computers. Whether it's wired or wireless. 2. Multimedia: it's OK to listen to music and watch movies. 3. It is a system, similar to Win XP.. More like PE]. What can be done under win, it can also be done. Of course, in addition to online games can not play outside [does not seem to support DX and graphics advanced driver]. Some boring [or lack of money] used to steal the neighbor's wireless network. See "computer enthusiasts" issue 12, 2009 [that is, Volume 2 in June] "Beijing floating life story of an it migrant worker" digging the wall to steal the network "[edit this paragraph] BT may mean any of the following: 1. BitTorrent (BT for short) is a file distribution protocol, which identifies content through URL and seamlessly integrates with the network. Compared with HTTP / ftp protocol, MMS / RTSP streaming media protocol and other download methods, it has the advantage that a file's downloaders are constantly uploading data to each other at the same time, so that the file source (which can be server source or personal source) can be changed, Generally, it refers to the first seeder or the first publisher of the seed) can support a large number of downloaders to download at the same time with a very limited load. Therefore, P2P transmission methods such as BT also have the saying that "the more people who download, the faster the download speed". 2. BT is generally used in network vocabulary, which means "abnormal". It is the Pinyin abbreviation of "abnormal". It is used to curse people, and it is also used to express the vulgarity of language. Sometimes it is just to express a kind of emotion and sigh at things beyond one's imagination or surprise, such as: you BT (noun, meaning abnormal person) you BT ah (verb). The boss is too BT (adjective, to express surprise) 3. 4. Brian transeau, the electronic music artist BT 5. Business tax. 6. Short for Bacillus thuringiensis in biology. 7. ISO 3166-1 country code of the kingdom of Bhutan. 8. Bodensee Toggenburg Bahn is the name of a Swiss railway company. 9. Bt toxin: a poison. 10. Bt-2, bt-5 and BT-7 are all fast tank models of the former Soviet army. 11. Binary terrain file format a file format of geographic information system. 12. The bt - the Burton Taylor there 13. 14. Bluetooth 15. B.t. = Baker of philosophy. From baronet to baronet, the traditional abbreviation is Bart and the modern abbreviation is BT. 17. The temple of darkness is short for world of Warcraft: the black temple. 18. Movie and game special effects - "bullet time". 19." Baotou City, Inner Mongolia & quot The phonetic abbreviation of Baotou. 20." Pentium & quot; Pinyin abbreviation of. 21." White Rabbit & quot; Pinyin abbreviation. 22." Please & quot; Pinyin abbreviation of. 23." Daytime & quot; Pinyin abbreviation of. 24." The Pinyin abbreviation of white bar. 25." Beat him; Pinyin abbreviation of. 26." Chapel & quot; Pinyin abbreviation of. 27. It is also the abbreviation of beta, namely & quot; Beta & quot; The meaning of the word. 28. Pinyin abbreviation for snot. 29. Pinyin abbreviation of the title. 30. Pinyin abbreviation of subsidy. 31. Get rid of the phonetic abbreviations. 32. Phonetic abbreviation of Honda. 33. Pinyin abbreviation of BINGTUAN. 34. Pinyin abbreviation of rock candy. 35. A character in "fall in love with a thief" (BT) (Li Sijie) age: 29 years old (May 3, 79) occupation and identity: theft group computer expert character: jumping out of the ordinary rules, rebellious personality, full of eccentric ideas. Although he has no outstanding achievements in worldly vision, he still has ambition. He hopes to give full play to his computer expertise, develop epoch-making computer software, make it free and open, and benefit the people. He is fond of collecting dolls of beautiful girls. Background and experience: Bin's personality is rebellious, he doesn't follow the normal rules, and his academic performance is mediocre under the traditional ecation system, which makes his mother disappointed. Although bin can't read, he is actually a computer genius. He once invented Internet software, but he was taken possession of the right. Bin indignant, from the beginning to become a hacker expert, attack the online computer software. After Bin's mother passed away, bin came to Hong Kong to take refuge with zhe. He discovered that zhe was the head of a banditry group, specializing in robbing the rich and helping the poor. Bin asked to join the gang and use his computer expertise to develop his strong points. From then on, he became a "rogue" and enjoyed it. Bin because of character jump off, act every leak, every critical moment to zhe timely rescue. Because of an accident, bin meets Jiang Yang's younger sister, Jiang Qiao, who is the director of the security company. They have a conflict at the same time. But do not fight do not know, Qiao and bin found that everyone has a common hobby, so become friends. However, they are in a hostile position. Although bin tries his best to hide the identity of the thief in front of Qiao, he is finally broken by Qiao in an ultimate armed robbery. The conflict between them intensifies, and their relationship is facing the test of Yan Jun. at this time, bin discovers that Wang Mingxiang, the female photographer he once failed to pursue, is secretly in love with himself, Lingbin is full of contradictions... 36. The meaning of derogation or mischief in maopu forum. In the maopu often see someone send their own photos to ask for PS, and note not BT, is to let everyone don't mischievous meaning, although a photo or n people will be mischievous.. In addition, some people often send photos of their girlfriends and girlfriends to netizens to identify whether they are beautiful or not, and then declare not to BT, that is, if you think it's not good, it doesn't matter, but don't say some excessively hurtful words[ BT = binary tree = binary tree binary tree is a kind of special tree structure, whose degree is 2. That is, each node of the binary tree has at most two children. Each child node is called left child and right child, and its two children are called left subtree and right subtree[ BT = building transfer BT (building transfer) mode: construction transfer is a financing mode in which the government uses non-governmental funds to carry out infrastructure construction projects. The investor shall be responsible for the investment and financing of the project, and specifically implement the project investment, construction and management. After the completion of the project, the assets will be delivered to the government after the completion acceptance organized by the government; According to the repurchase agreement, the government pays the investors in installments to ensure the quality of the project within the warranty period. Bacillus thuringiensis is written as BT or BT for convenience. A Gram-positive bacterium belonging to the group of aerobic Bacillus cereus. In 1911, a strong insecticidal bacterium, Bacillus thuringiensis, was isolated from the Mediterranean pink moth in a flour mill in this part of suyunjin Province, Germany. According to the difference of flagellum antigen, the BT can be divided into 71 serotypes and 83 subspecies. It is commonly used as an insecticide by releasing toxic parasporal crystals