What are the reliable virtual currencies to choose
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 19, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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The central bank's digital currency cannot be bought or sold
the central bank stressed that it did not authorize any institutions and enterprises to issue legal digital currency, and there was no promotion team. The so-called digital currency launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud. The general public should raise their risk awareness, invest rationally and prudently, and prevent the interests from being damaged
if digital currency is widely used by the public as a kind of currency, it will have a huge impact on the effectiveness of monetary policy, financial infrastructure, financial market and financial stability
extended data:
compared with the traditional bank transfer, remittance and other methods, digital currency transaction does not need to pay fees to the third party, and its transaction cost is lower, especially compared with the cross-border payment that provides high handling charges to payment service providers
in addition to the physical form of money can achieve point-to-point transactions without intermediary participation, one of the advantages of digital money compared with other electronic payment methods is that it supports remote point-to-point payment, and it does not need any trusted third party as intermediary
both sides of the transaction can complete the transaction in a completely strange situation without mutual trust, so they have higher anonymity and can protect the privacy of the traders, but at the same time, they also create convenience for cyber crime, which is easy to be used by money laundering and other criminal activities