Is virtual currency usdt protected
Usdt is TEDA currency and cannot be converted into RMB Notice on carrying out self inspection and rectification of payment services for illegal virtual currency transactions all Payment institutions within the jurisdiction shall carry out self inspection and rectification, strictly prohibit providing services for virtual currency transactions, and take effective measures to prevent payment channels from being used for virtual currency transactions
TEDA currency is a virtual currency that links cryptocurrency with legal currency US dollar. Each TEDA coin is symbolically associated with government supported legal tender. TEDA currency is a virtual currency kept in the foreign exchange reserve account and supported by legal tender. This method can effectively prevent the price fluctuation of cryptocurrency. Basically, the value of a TEDA currency is equal to US $1
on January 16, 2018, among the top 50 cryptocurrencies in global value, most of the digital virtual cryptocurrencies suffered a sharp drop in price, but the price of TEDA currency rose against the trend. The price of TEDA was $1.04, up 3.23% from the previous day, with a total market value of $1.69 billion. In addition to TEDA, most virtual currencies, including bitcoin, Ethereum, and lightcoin, have experienced sharp declines
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in 2017, the regulatory authorities issued the notice on preventing the financing risk of token issuance, which clearly pointed out that financial institutions and non bank payment institutions are not allowed to carry out business related to token issuance financing transactions. All financial institutions and non bank payment institutions shall not directly or indirectly provide procts or services such as account opening, registration, trading, clearing and settlement for token issuance and financing and "virtual currency", nor undertake insurance business related to token and "virtual currency" or include token and "virtual currency" into the scope of insurance liability
the Internet Finance Association of China issued the risk tips on preventing ICO activities in disguised form, calling on consumers and investors to recognize the essence of relevant models, enhance risk prevention awareness, invest rationally, and not blindly follow the trend of speculation. Previously, blockchain technology was once sought after by a number of listed companies and the capital market, but it also led to questions about whether it was over hyped and "stepping on the red line"
It's not illegal, but there are legal risks
in September 2017, the central bank, together with seven ministries and commissions, issued the announcement on the risk of token financing, which explicitly prohibited the trading of RMB and digital currency and the issuance of ICO (abbreviation of initial coin offering, which means initial public offering of digital currency)
the court reminded that the investment transaction of virtual currency is not protected by law, and investors should keep sober and rational. Virtual currency is not issued by monetary authority, it has no monetary attributes such as compensation and compulsion, it does not have the same legal status as currency, and it can not be used as currency in the market
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related policies:
on December 5, 2013, the central bank, together with five ministries and commissions, issued the notice on preventing bitcoin risks, which identifies the identity of bitcoin virtual goods and prompts financial risks
on September 4, 2017, the central bank, together with seven ministries and commissions, issued the notice on preventing the financing risk of token issuance, in which the central bank defined the identity of digital currency as "virtual currency" rather than "virtual commodity"
different countries have different attitudes towards digital currency. North America, Western Europe and Japan are the countries with high acceptance of bitcoin; Russia defines bitcoin as illegal; India and other countries have not issued relevant policies for the bitcoin< br />
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Xiaoba tourist station mianzhuxin Street
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1 Xiaoba tourist station
2 Dajian wharf
3 Leshan Normal University
4 Muruo square
5 Haitang square
6 Jinbei Ginza
7 Gaobei gate
8 Minjiang Grand Hotel Bridge
9 pishuiyuan pedestrian street
10 shiyan'er
11 Jiazhou Huacheng West
12 Municipal Audit Bureau
13 yangjiahuayuan
14 gaonzi
15 intermodal transport station
16 Municipal Judicial Bureau
17 Tongjiang intersection
18 Baiyan intersection
19 wangheyuan
20 tianniu Auto City
21 used car trading market
22 fanshankou
23 Gaoba village power management station
24 grain warehouse
25 Jinying Villa
26 Leshan Changyi valve
27 Jiazhou Grand View Garden
28 Mianzhu New Street