Illegal exchange of virtual currency for us dollar

1.

It is illegal to issue virtual currency privately

According to Article 29 of the regulations of the people's Republic of China on the administration of RMB, no unit or indivial is allowed to print or sell token tickets to replace RMB in circulation on the market

In addition, the "emergency notice of the State Council Office for rectifying unhealthy tendencies in the instry, the State Economic and Trade Commission and the people's Bank of China on prohibiting the issuance and use of various token certificates (cards)" also strictly prohibited similar issues

extended data

virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, q-coin of Tencent company, q-point and voucher of Shanda company, micro currency launched by Sina (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver grain (used for bixue Qingtian game), and popular digital currencies in 2013 include bitcoin, Laite coin, infinite coin, quark coin, zeta coin, etc Barbecue coins, pennies (Internet), invisible gold bars, red coins, prime coins. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"

market formation

the Internet has led to the emergence of a new market, which is a virtual market based on cyberspace. The Internet provides a lot of communication places for consumers, and also provides business market for enterprises. Enterprises must change from proct centered to service centered to customer centered. With the development of computer artificial intelligence technology and database technology, enterprises can conveniently collect customers' information, understand customers' needs in time, change business strategies and grasp economic arteries in real time

With the rapid development of computer and network communication technology, the application of Internet technology has graally penetrated into various fields of human activities, and the unlimited business opportunities that it contains make businesses turn their eyes to e-commerce. E-commerce is penetrating into all aspects of social and economic life at a speed that people can hardly imagine

the traditional finance is also closely watching this irresistible trend of global economic integration and networking. As a result, value-added services take art as the selling point and can be regarded as commodities; The sword in the game is not a brand-new financial services business philosophy - e-finance came into being

from the historical development process, to understand e-finance, we must start from the electronic finance and e-commerce. The so-called e-financialization means that financial enterprises adopt modern communication, computer, network and other information technology means in addition to Internet technology to improve the work efficiency of traditional financial service business, rece operating costs, realize the automation of financial business processing, informatization of financial enterprise management and scientific decision-making, and provide customers with faster and more convenient services, And then enhance the financial enterprise is the behavior of market competitive advantage

e-finance is a transcendence of financial electronization. Different from the electronic finance, the main technical basis of e-finance operation is the increasingly perfect Internet technology. Due to the characteristics of global connectivity, openness, quickness and low marginal cost of Internet technology, e-finance strengthens the restructuring and innovation of financial services business based on Internet technology, so that customers are free from the restrictions of business hours and places, and enjoy all kinds of high-quality and low-cost services provided by financial enterprises anytime and anywhere

with the development of Internet, the form of money is becoming more virtual, and there is an electronic money that only exists in the form of electronic signal

reference source: Network: virtual currency

2. Although I don't know much about games, some people can make money by playing games, and it's not illegal or professional.

3. Network virtual property transactions are also protected by law, you can trade through normal channels

4.

Illegal

legal basis: Article 45 of the regulations on foreign exchange administration shall be issued a warning by the foreign exchange administration, confiscate the illegal income and impose a fine of less than 30% of the illegal amount; If the circumstances are serious, a fine of not less than 30% of the illegal amount shall be imposed; If a crime is constituted, criminal responsibility shall be investigated according to law

Article 46 those who engage in the business of foreign exchange settlement and sale without approval shall be ordered to make corrections by the foreign exchange administration authorities. If there is any illegal income, the illegal income shall be confiscated. If the illegal income is more than 500000 yuan, a fine of more than one time and less than five times the illegal income shall be imposed; If there is no illegal income or the illegal income is less than 500000 yuan, a fine of not less than 500000 yuan but not more than 2 million yuan shall be imposed; If the circumstances are serious, the relevant competent department shall order it to suspend business for rectification or revoke its business license; If a crime is constituted, criminal responsibility shall be investigated according to law

Foreign exchange administrations or financial regulatory agencies shall punish those who engage in foreign exchange business other than settlement and sale of foreign exchange without approval in accordance with the provisions of the preceding paragraph

There are various forms of illegal foreign exchange trading, which can be summarized as follows:

1. According to the relevant regulations of foreign exchange management in China, all foreign exchange income of Chinese and foreign institutions or indivials must be sold to the Bank of China, Foreign exchange trading must be concted through designated banks or foreign exchange swap centers

2. According to the state regulations, organs, organizations, enterprises and institutions in China have a certain amount of foreign exchange, but they must use it within the scope of relevant regulations. However, some units, disregarding the laws and regulations of the state, illegally trade the amount of foreign exchange they have and seek illegal profits from it. This kind of behavior also belongs to illegal foreign exchange trading

Some other disguised foreign exchange trading activities are actually illegal exchange of foreign exchange with RMB or physical objects under the cover of legal form

source of reference: Internet - crime of illegal trading of foreign exchange

5. Of course, it's illegal, and it's easy to go wrong. Being ripped off will bring endless troubles. Don't do anything for money that may hurt you at any time. Money should be controlled by people

6. Illegal,
Bank: it is illegal to trade foreign currency in private

according to Yu section chief of Guangxi Branch Office of Bank of China, foreign currency cannot be freely convertible according to national laws and regulations. In order to make it as convenient as possible for the holder, in addition to banks, some hotels, restaurants or shops can also exchange foreign currency for RMB, but it is illegal to conct foreign currency transactions in private.

7. The Chinese government has opened the foreign exchange control in 2007. Indivials can go to the domestic large, medium and small banks with foreign exchange signs to freely exchange 17 kinds of foreign currency equivalent to less than US $50000 with their own valid identity documents. Foreign currency includes cash / cash (limited to less than US $50000 per person per year)
to travel abroad, just go to the bank with your ID card and fill in a foreign exchange settlement / purchase form
the types of purchase are: US Federal Reserve notes, Japanese bank notes, British pound notes, EU dollars, Canadian dollars, Australian dollars, Korean dollars, Hong Kong dollars of China, Macao dollars of China, etc. (there are detailed lists and big screens in the bank
Bank of China, instrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China all have them (for example, Bank of China Hebei head office Shijiazhuang Branch Shijiazhuang suburban town branch), and even medium-sized banks such as Minsheng Bank, Everbright Bank, Bank of communications, China Merchants Bank and postal savings bank
private exchange of US dollars is not allowed at present. In addition, private exchange of foreign currency is easy to exchange for foreign currency counterfeit currency. Due to the poor identification of foreign currency notes, it is not recommended that indivials exchange US dollars in private.

8. According to Article 8 of the regulations of the people's Republic of China on the administration of foreign exchange, the circulation of foreign currency is prohibited within the territory of the people's Republic of China, and foreign currency pricing and settlement are not allowed, unless otherwise stipulated by the state< Article 33 foreign exchange administrations are entitled to take the following measures when performing their ties in accordance with the law:
(1) conct on-site inspection on financial institutions operating foreign exchange business
(2) enter the place where the suspected foreign exchange violations occur to investigate and collect evidence< (3) ask institutions and indivials with foreign exchange receipts and payments or foreign exchange business activities to explain the matters directly related to the foreign exchange violations under investigation< (4) check and the transaction documents and other materials directly related to the investigated foreign exchange violations< (5) check and the financial and accounting data and relevant documents of the parties to the foreign exchange violations under investigation and the units and indivials directly concerned, and seal up the documents and materials that may be transferred, concealed or damaged< (6) with the approval of the foreign exchange administration department under the State Council or the person in charge of the foreign exchange administration at the provincial level, inquire about the accounts of the parties to the foreign exchange violations under investigation and the units and indivials directly concerned, except the personal savings accounts< (7) if there is evidence to prove that the property involved in the case, such as illegal funds, has been or may be transferred or concealed, or important evidence has been concealed, forged or damaged, it may apply to the people's court for freezing or sealing up
relevant units and indivials should cooperate with the supervision and inspection of the foreign exchange administration, truthfully explain the relevant situation and provide relevant documents and materials, and shall not refuse, hinder or conceal.

9.

Article 45 of the regulations of the people's Republic of China on foreign exchange control stipulates that those who violate the regulations of the people's Republic of China on foreign exchange control shall be given a warning by the foreign exchange administration, confiscate their illegal income and be fined less than 30% of the illegal amount; If the circumstances are serious, a fine of not less than 30% of the illegal amount shall be imposed; If a crime is constituted, criminal responsibility shall be investigated according to law

There are two ways to convert large amount of foreign exchange into RMB:

(1) every person in mainland China has a settlement limit of 5W US dollars per year, which can be settled directly online or at the bank counter. If you have used up your foreign exchange settlement limit, you can make a transfer with your immediate family at the bank counter, transfer the US dollars in your account to your immediate family account, and use their foreign exchange settlement limit for foreign exchange settlement

(2) transfer to the domestic corporate account with foreign exchange function, open relevant documents at the safe, increase the settlement limit, and settle foreign exchange as a company (it will involve import and export, tax related expenses)

extended materials

prohibition on US dollar converting into RMB

(2) failing to submit financial and accounting reports, statistical statements, etc. as required

(3) failing to submit valid documents in accordance with the provisions or the documents submitted are untrue

(4) violation of foreign exchange account management regulations

(5) violation of foreign exchange registration regulations

(6) refusing or hindering the supervision, inspection or investigation by the foreign exchange administration authorities in accordance with the law