The status quo of domestic virtual currency

『One』Virtual currency usually goes bankrupt after a few months?

No. A virtual currency with good investment and operation has a long survival time, and it will not go bankrupt after a few months, such as Bitcoin and the Internet currency of Internet companies.

There are various types of virtual currencies. The virtual currencies with high acceptance abroad include Facebook’s F coin, the online game Second Life’s Linden coin, etc. The representative virtual currency in China is Tencent’s Q coin , Sina U Coin, Internet Coin, Shanda Yuanbao, etc.

Virtual currency is different from checks and wire transfers. The value that virtual currency cannot achieve cannot be transferred through banks. Currently, it can only be circulated in the online world. and management practices.

2. The special currency issued by the portal website or instant messaging tool service provider is used to purchase the services on this website. The most widely used is Tencent’s Q coin, which can be used to purchase value-added services such as membership and QQ show.

3. Virtual currency on the Internet. Such as bitcoin, lite currency, etc., bitcoin is an electronic currency generated by open source P2P software, and some people paraphrase bitcoin as “bit gold”, which is a kind of network virtual currency. It is mainly used for Internet financial investment, and can also be used directly in life as a new currency.

『細』Virtual currency, is this legal now in China?

For example, Bitcoin
The People’s Bank of China issued the “About Preventing Bits” on the afternoon of December 5th. In this notice, the central bank stated that Bitcoin is not a currency, but a virtual commodity. In addition, financial institutions and payment institutions are not allowed to conduct business related to Bitcoin.
In order to avoid excessive speculation in the name of “virtual currency” for virtual commodities such as Bitcoin and damage the public interest and the legal tender status of the RMB, the notice requires financial institutions and payment institutions to correctly use the concept of currency in their daily work, pay attention to Strengthen the education of the public’s currency knowledge, and incorporate the concepts of a correct understanding of currency, a correct view of virtual commodities and virtual currency, rational investment, reasonable control of investment risks, and maintenance of their own property safety into the content of financial knowledge popularization activities, and guide the public to establish a correct currency. Concepts and investment ideas
A virtual commodity is willing to fight, and the other is willing to suffer. How can I say whether it is legal for the two to love each other? . .
Game equipment is not the same. Worth the money if you want to buy it.

“Three” How many virtual currencies are there currently in China? Are these virtual currencies legal in China?

In the age of material abundance, money can buy what you want Therefore, people have a dream of realizing wealth freedom and entering a better life in their hearts. There are many such dreams, which are often used. With the development of the Internet, online transactions have become convenient and fast, and people’s financial management thinking has also improved. Too deep, in general, the gains cannot be tempted by greedy people.

1. Financial trading platforms not recognized by the China Securities Regulatory Commission and the China Banking and Insurance Regulatory Commission are illegal. As the concept of blockchain was put forward, virtual currencies became popular. In China, there are Bitcoin, Litecoin, Ritecoin, etc. The income of these virtual currencies was blown out of wonder, and everyone who listened to it would be jealous. Newborn fantasy, everyone knows that this is just a Ponzi scheme. The virtual currency trading platform will fool investors into asking you to enter the urn. After defrauding investors’ funds, it will be a series of numbers. , Some buys skyrocketed at the opening, investors kept adding chips, and eventually could not cash out.

『4』 China’s top ten virtual currency rankings

China’s top ten virtual currency rankings are: Bitcoin, Ethereum, Binance Coin (BNB), Ripple (XRP), Polkadot (DOT), Litecoin (LTC), Litecoin, LINK, Cardano (ADA), XTZ, Dash.

1. Ranking of the top ten virtual currencies in China
1. Bitcoin (BTC)
When talking about the top ten cryptocurrencies to invest in at the moment, general cryptocurrencies or just smart cryptocurrency investments , all discussions must be from Bitcoin. Bitcoin is by far the most widely used cryptocurrency and is often referred to as the “King of Cryptocurrencies”.
2. Ethereum (ETH)
Ethereum is one of the best cryptocurrencies and the first major project to introduce smart contracts, allowing developers to launch desktop and mobile powered by blockchain technology Decentralized Applications (dApps).
Since then, Ethereum has remained one of the top 10 cryptocurrencies through 2021 and will likely remain so for decades to come.
3. Binance Coin (BNB)
If you want to diversify your portfolio and already own major coins like BTC or ETH, Binance Coin is 2021��One of the best cryptocurrencies. The company behind the token, Binance, has a solid business history with an experienced team behind its main concept, which is a “utility token”. Binance Coin is also one of the most liquid cryptocurrencies out there, within the top ten on CoinMarketCap.
4. Ripple (XRP)
XRP is sure to remain strong in the crypto community and is indeed one of the best cryptocurrencies, it just needs a little time to stand up. City Telegram gave Ripple a 2021 price prediction of $1 per coin for 2021. All of this could mean that Ripple is one of the best cryptocurrencies to invest in in 2021.
5. Polkadot (DOT)
Polkadot is the native token of the Polkadot platform. Founded in 2015, it is the world’s first open decentralized payment network platform. Stable, many fans, very active community, 201 exchanges have been listed, and the trading depth is very wide. The stable currency price shows that there are many users and high consensus. It is possible to support all virtual digital currencies in the future. I believe the future will be better.
6. Litecoin (LTC) Litecoin
The creator of Litecoin, Li Qiwei, graduated from the Massachusetts Institute of Technology and used to be an employee of Google. He designed Litecoin in 2011. This person’s name looks like Chinese, but he is actually Chinese. Litecoin was born on October 7, 2011, and it has been a full eight years of history so far. The total amount mentioned above is 84 million, and 63.7 million have been mined so far. The highest unit price is 2,000 yuan, and the current price is about 410 yuan.
The full name of LINK is ChainLink, which is an ERC20 standardized token based on the Ethereum blockchain, used to pay Chainlink node operators to retrieve data from off-chain data and format the data as Blockchain readable format, off-chain computation and guaranteed uptime. Chainlink tokens act as part of running a node, preventing bad actors. 1. The project introduces the first decentralized oracle network that allows anyone to securely provide smart contracts, access critical external data, offline payments and any other API functionality.
8. Cardano (ADA)
Cardano has been a strong player since it entered the game in 2015, and 2021 looks set to be another strong year for the cryptocurrency one year. In February 2021, Cardano has a market cap of nearly $30.7 billion and a single coin of $1.07 (quite affordable!). Some believe that Cardano has more to offer. Dare Shonubi, for Coin Pedia, thinks it could go as high as $10 by the end of 2021, and if true, it will be one of the best investment coins to date.
9. XTZ
XTZ is the abbreviation of Tezos. It is very popular in foreign countries, and its market value has been rising, and its development prospects are very good.
10. Dash
Dash has a two-layer network, which can monitor the transaction status of Dash in time and continuously update the system. Unlike Bitcoin, Dash can achieve the decentralization of technology and the centralization of currency operation and management. Dash (DASH) is a digital currency that supports instant transactions and aims to protect user privacy.

Second, what is virtual currency
Virtual currency refers to non-real currency. Well-known virtual currencies such as Internet coins of Internet companies, Q coins of Tencent companies, Q points, coupons of Shanda companies, micro coins launched by Sina (used in micro games, Sina reading, etc.), chivalrous ingots (used in chivalrous games, etc.) ), silver pattern (used in Bixue Qingtian game), popular digital currencies in 2013 include Bitcoin, Litecoin, Unlimited Coin, Quark Coin, Zeta Coin, BBQ Coin, Penny Coin (external network), Invisible Gold Bar, Red coins, prime coins. At present, there are hundreds of digital currencies issued around the world. The legend of “bit gold, Wright silver, infinite copper, penny aluminum” is popular in the circle.
According to the notices and announcements issued by the People’s Bank of China and other departments, virtual currency is not issued by the monetary authority, and does not have currency attributes such as legal compensation and mandatory. It is not currency in the true sense and does not have the same legal status as currency. , cannot and should not be used as currency in the market, and citizens’ investment and trading of virtual currency are not protected by law.

“Wu” The development status and impact of network virtual currency

For example
The underground transaction of network virtual currency
Network virtual currency Why is money addictive

『Lu’ Status of virtual currency in my country

Virtual currency can be defined as an electronic representation of monetary value, which can be developed by private issuers, developers Issued, managed and controlled by a person or founding organization. This virtual currency, usually in the form of a token, may not be regulated in the absence of fiat currency.

『柒』How about the prospect of virtual currency in China

The prospect of virtual currency in China is still good, and virtual currency is called a special kind of currency in China Internet goods,People can freely buy and sell at their own risk, but deny their currency properties.
my country’s central bank has issued its own digital currency, and the central bank’s version of the digital currency will first be applied to the bill market. There are other digital currencies in China, such as the tea-standard digital currency Puyin launched by Puyin Group.

『渌』 Is there still virtual currency now?

As a typical representative of virtual currency, the sharp fall of Bitcoin has directly or indirectly affected related industries. News such as player net worth shrinking and mining machines selling by kilograms emerge in an endless stream. The market is in a downturn as investors become cautious about investing in virtual currencies. In the face of a sluggish market and no hope of investment, players will inevitably feel that virtual currency has no future. However, there are also players who are low-key bottom-hunting, thinking that the virtual currency headed by Bitcoin is of great investment value.

The essential value of any currency is that it can be used as a value scale to measure other things and has stability. The virtual currency here is not game currency, but a digital encrypted currency like Bitcoin. The underlying layer uses blockchain technology, which has the characteristics of decentralization, information cannot be tampered with, and anonymity. At present, cryptocurrencies headed by Bitcoin cannot bear the attributes of money. It is not fair enough to conclude that there is no value.

A consensus is reached by default in the currency circle that Bitcoin is similar to diamonds in the real world. The value of diamonds is given by businessmen and has been agreed by everyone. Diamonds can symbolize love and have practical properties. Mining diamonds and gold also consumes a lot of costs, but it is because of the huge costs that ensure the constant intrinsic value of the resources, and the resources that can be obtained casually are prone to inflation.

The fall in 2018 has made investors return to rationality, which is actually conducive to the standardized development of the currency circle. For now, regardless of whether digital currency really has practical value, this capital harvest allows investors to further Understand the importance of risk management. The currency circle and Internet finance allow investors to see profits, so they don’t need to think about investing in it, and it is themselves who suffer in the end. Whether this bear market can make investors recognize the essence of the currency circle is still unknown. However, the future development of the currency circle still requires government regulations, as well as the formal operation of platforms and projects. Of course, this has the support of capital to allow the currency circle to develop systematically and soundly. Therefore, capital outflow is the biggest reason for Bitcoin’s plunge.

『玖』What are the virtual currencies in China

Virtual currency refers to non-real currency. According to the notices and announcements issued by the People’s Bank of China and other departments, virtual currency is not issued by the monetary authorities, does not have the properties of currency such as legal compensation and mandatory, is not currency in the true sense, and does not have the same legal status as currency. It should not be used as currency in the market, and citizens’ investment and trading of virtual currency are not protected by law.

Warm reminder: Investment is risky, so choose carefully. Before you make any investment, you should ensure that you fully understand the investment nature of the product and the risks involved, and then make your own judgment on whether to participate in the transaction after understanding and carefully evaluating the product.
Response time: 2021-03-25, please refer to the official website of Ping An Bank for the latest business changes.
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