Virtual currency what is legal currency
Legal currency is the abbreviation of "legal currency" or "legal compensation currency", which is the currency given by the state in the form of law for compulsory circulation. Among them, the main coin is the unlimited legal compensation coin, which can be cast freely; The subsidiary currency is the compensation currency of limited law, which is restricted by the state
Legal currency is the name of currency in circulation in old China from November 4, 1935 to August 19, 1948. In old China, the silver standard system was adopted for a long time. Before "Abolishing the two systems and changing them into yuan" in April 1933, it was actually the combination of silver and yuan“ Although the currency was unified, the financial and economic difficulties of the Kuomintang government were not solved. In order to control the monetary power of old China, Britain and the United States launched a fierce struggle At the beginning of 1948, prices in Peiping soared. "To buy an egg, you need 24 Jin of French currency (the currency in circulation at that time)," to buy a jin of corn flour, you need 100 Jin of French currency. The French currency is two miles and a half from the beginning to the end, and you can buy a foot of coarse cloth. Compared with the previous year, the price of grain has increased 149 times. " The price of rice, flour and cereals went up crazily, and people's life went from bad to worse In August, the soaring prices have far exceeded the affordability of the people. In order to alleviate the crisis, the national government decided to issue gold coupons. However, it backfired. Not only did prices fail to stabilize, but the gold dollar coupon became more and more worthless, and the people fell into despair againat this time, silver yuan became popular, and silver yuan trading markets appeared in Qianmen, Xuanwumen, Dongdan, Xisi, Gulou and other places. There are also many silver dealers in the street, who are jingling and shouting "buy two, sell two"
if you want to use RMB to exchange new Taiwan dollars in Taiwan, you can choose Zhaofeng international commercial bank, Bank of Taiwan and other banks or post offices with higher exchange rates.
As the founder of Tesla, musk has great influence. With his driving, bitcoin market will surely usher in a big wave of growth recently, not only musk changed his account profile to bitcoin, but also the founder of reddit changed his profile to bitcoin. Their common feature is that bitcoin is highly respected. Last year, musk wrote on the social platform that he had had in-depth communication with seller, the promoter of digital currency, and was exploring the possibility of converting Tesla's debt into bitcoin. The other side said that if Tesla converts all its debt into bitcoin, it will definitely be a great help to shareholders
According to the definition of the European Central Bank in 2012, "a kind of digital currency that is not legally binding, issued and controlled by developers, and accepted and used in specific virtual community members."
at the 2013 congressional hearing, Federal Reserve Chairman Ben Bernanke said that "in the past two decades, virtual currency has been regarded as an electronic currency, or a payment system technology field that has been developing."< In 2013, the financial crime enforcement network (FinCEN) of the U.S. Department of the Treasury defined it as: "virtual currency is a medium of exchange that operates like real currency in some environments, but it does not have all the attributes of real currency." It also has no legal tender status. In 2014, the European Banking authority defined it as "a digital form of value that is not issued by central banks or government departments and is not necessarily associated with legal tender, but it is accepted by natural and legal persons as a means of payment and can be transferred, stored and traded electronically
in Chinese mainland refers to the currency that runs on the Internet, and the famous virtual currency, such as Tencent Inc's Q coins and the grand company's roll, also has virtual currency in online games. Virtual currency is usually used for users to purchase virtual services on the network, such as QQ membership function of Tencent's QQ coin, online game equipment, etc. Virtual currency is usually a means of payment. For example, the Ministry of culture of the people's Republic of China defined it in 2009 as a virtual exchange tool that is issued by online game operators, directly or indirectly purchased by game users using legal tender in a certain proportion, existing outside game programs, stored in servers provided by online game operators in the form of electromagnetic records, and expressed in specific digital units
data source: virtual current from Wikipedia