Financial valuation standard of virtual currency

1. Virtual property is not protected by law at present! Money in society is just a kind of special commodity to facilitate economic exchanges, which is issued by special state institutions. Moreover, money can not be issued indiscriminately. If the ratio between the currency in circulation and the country's GDP is out of balance, it may lead to one of two consequences: first, inflation. 2、 Economic crisis. Every year, the country carries out macro-control and evaluation on the gross output value of the economy, so as to determine the amount of money issued in the next year. To maintain the economic balance of the country. Now you can think about how money comes from in the virtual society of online games. The answer is very simple. Most of the money in the game is earned by killing monsters or virtual skills. No game has a special currency issuing agency. In other words, money can grow infinitely in the game. So inflation is very common in the game. Similarly, other virtual items in the game can be increased infinitely, regardless of the daily economic law, as long as they are used by appropriate means (such as plug-ins). If we link these two kinds of property completely affected by different economic laws, what will be the consequences?

2. There is no special regulation

3. Now the virtual RMB has also been issued, and the state's policy on virtual currency must strengthen supervision. In this case, we can agree.

4. 3.15 has passed, but the government has done nothing about virtual currency. However, it is said that digital currency is one of the focuses of the government's crackdown. Before, P2P was checked, and many people ran away. Pyramid schemes of digital currency also emerge in endlessly, and it is normal for the government to investigate them. Before that, many rampant MLM coins have been severely investigated by the government
but not all virtual currencies are illegal, and many of them are excellent, such as bitcoin, Ruitai coin, Laite coin and other mainstream digital cryptocurrencies.

5. Theoretically, the price of virtual currency is determined by the market. When people have a better psychological expectation of a virtual currency, the supply will increase and the price of the currency will rise; When people do not hope for a virtual currency, the demand for the currency will decrease, and the price will also fall
however, in China, the price of virtual currency is also affected by policies to a certain extent. Recently, the central bank has tightened its attitude towards digital currency, and the price of bitcoin and other digital currencies has fallen sharply. The digital currency of PBoC is less affected, probably because PBoC has the support of real assets.

6. At present, the management of virtual currency in our country is: it is only allowed to buy virtual currency with real currency, but not to convert virtual currency into real currency. However, some virtual currencies have begun to play the edge of the virtual currency into real currency through the form of bonus points, eager to open this channel. If the exchange between virtual currency and real currency is smooth, it actually means that online game merchants have obtained the real financial power to a certain extent, especially when the virtual currency is widely unified. This will cause chaos to the real financial order, indivial profit-making online game operators can fish in troubled waters, and the victims are not just players. At present, the state holds the attitude of "encouraging, guiding and supporting" to the online game instry, but this does not mean that online game merchants are allowed to do whatever they want. Especially for sensitive financial issues, instry insiders said that the network virtual currency should be supervised by the financial authorities. If it is not included in the existing monetary supervision system, it may have an impact on the central bank's monetary policy or even fail, and the virtual currency will seriously interfere with the real world monetary order.

7. If you buy a q-coin card, you can use the card as the original voucher to enter the account. If you pay online, you can print out the flow account number and other information on the webpage to enter the account as the original voucher.

8. The service charge of the toobi platform is much lower than that of exchanging foreign exchange by yourself or doing foreign exchange by yourself. You can find out when you go to other places for investigation.

9. 1 The definition of functional currency
functional currency refers to the currency in the main economic environment in which an enterprise operates< According to the accounting law of the people's Republic of China, enterprises whose business income and expenditure are mainly in currencies other than RMB can choose one of these currencies as the base currency, but the financial statements should be converted into RMB. The following factors should be taken into account when an enterprise chooses the functional currency:
1. The currency mainly affects the sales price of goods and services, and is usually used for the valuation and conversion of goods and services
2. This currency mainly affects the labor, materials and other expenses required for goods and services, and is usually used for pricing and settlement of the above expenses
3. The currency obtained from financing activities and the currency used to keep the money collected from operating activities< (3) the determination of the recording currency of an enterprise's overseas operation
overseas operation has two meanings:
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2. When a subsidiary, joint venture, joint venture or branch of an enterprise within the territory of China chooses a recording currency different from that of the enterprise, it shall also be regarded as an overseas operation. The determination of overseas operation is not based on whether the location is overseas, but on whether the selected bookkeeping base currency is the same as that of the enterprise< In addition to the factors mentioned above, enterprises should also consider the following factors when selecting the recording currency for overseas operations:
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3. Whether the cash flow from overseas business activities directly affects the cash flow of the enterprise and whether it can be remitted at any time
4. Whether the cash flow from overseas business activities is enough to repay its existing and predictable debts< (4) change of functional currency
once the functional currency selected by the enterprise is determined, it shall not be changed at will
If an enterprise really needs to change its functional currency e to major changes in its main economic environment, it shall convert all items into the changed functional currency at the spot exchange rate on the day of change, and the converted amount shall be regarded as the historical cost measured in the new functional currency. Since the same spot exchange rate is used for conversion, there will be no exchange difference.