Ⅰ Are all virtual currencies engaged in illegal fund-raising? In addition to Bitcoin, are there any other formal currencies?
Illegal fund-raising is not real virtual currency, cheating A very significant feature of people’s “virtual currency” is the unilateral increase in investment income. The real virtual currency has a limited total amount, and the price fluctuates, rising and falling. However, the price of virtual currency under illegal fund-raising scams often rises unilaterally. The assets on investors’ books have been increasing in value, but once the scam cannot continue, these fake virtual currencies are worthless, and investors lose all their capital. At present, in addition to Bitcoin, there are ETH Ethereum, USDT Tether, INMI and other official currencies.
Ⅱ Common types of virtual currency
Virtual currency refers to non-real currency. Well-known virtual currencies such as Internet coins of Internet companies, Q coins of Tencent, Q points, and coupons of Shanda; popular digital currencies in 2013 include Bitcoin, Litecoin, Fuyuancoin, Dogecoin and so on.
Network virtual currency can be roughly divided into
The first category is the familiar game currency. In the era of stand-alone games, the protagonist accumulated currency by defeating enemies and winning money in casinos, and used these to buy herbs and equipment, but they could only be used in their own game consoles. Back then, there was no “market” among players. Since the Internet has established portals and communities and realized the networking of games, virtual currency has had a “financial market”, and players can trade game currency between players.
The second category is the special currency issued by the portal website or the instant messaging tool service provider, which 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.
The third type of virtual currency on the Internet, such as Bitcoin (BTC), Fuyuan Coin (FTC), Lite Currency (LTC), etc. Bitcoin is an electronic currency generated by open-source P2P software. 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.
Ⅲ Is trading virtual digital currency usdt protected by law?
The court reminds that investment transactions in virtual currency are not protected by law, and investors should remain sober and rational.
The court reminded that according to relevant regulations, virtual currency is not issued by monetary authorities, does not have monetary attributes such as compensatory and compulsory, does not have the same legal status as currency, and cannot be used as currency in Circulation and use in the market.
Virtual currency issuance financing is essentially an unapproved and illegal public financing behavior. It is suspected of illegal and criminal activities such as the illegal sale of token tickets, illegal fundraising, financial fraud, and pyramid schemes. Investors should not be “High-yield” gets dizzy.
(3) The difference between virtual currency aqusdt and extended reading:
Related policies:
September 4, 2017 On the same day, the central bank, together with seven ministries and commissions, issued the “Announcement on Preventing the Risk of Token Issuance and Financing”. In this announcement, the central bank defined the identity of digital currency as “virtual currency” rather than “virtual commodity”.
After the central bank issued a document in September 2017, some small digital currency exchanges had to be shut down, and some large exchanges also moved overseas. For example, Huobi.com moved to Japan. Digital currency exchanges are similar to stock exchanges. During the transaction process, the trading platform charges a certain percentage of commission.
IV difference between usd and usdt
usd and usdt have the following differences
1. Different status: usd is the legal tender of the United States; usdt is a P2P digital virtual currency;
2. Different exchange forms: usd circulates all over the world and can be exchanged for any country’s currency; while usdt can only be exchanged into US dollars, and then US dollars can be exchanged for other forms of currency;
3 , The exchange price is different: usd is exchanged in different countries, and its dollar value is different; and one usdt currency is exchanged for 1 US dollar.
Extension information
1. The US dollar (United States dollar currency abbreviation: USD; ISO 4217 currency code: USD; symbol: USA$) is the legal currency of the United States of America. The current U.S. dollar bills in circulation are the various banknotes issued since 1929. Appeared after the passage of the United States Coinage Act of 1792. The current issuance of U.S. dollars is controlled by the U.S. Federal Reserve System. Since 1913, the United States has established the Federal Reserve System and issued Federal Reserve Notes. More than 99% of the banknotes in circulation are Federal Reserve Notes. After World War II, continental European countries and the United States reached an agreement to use the U.S. dollar for international payments. Since then, the U.S. dollar has been widely used as a reserve currency in countries outside the United States and eventually became an international currency.
2. The main scene pattern on the front of the US dollar banknote is the portrait of a character, and the main color is black. The main scene pattern on the back is a building, and the main color is green, but the colors of different versions are rarely different, such as the back of the 1934 version is dark green, and the back of the 1950 versionIt is grass green, and the back of the 1963 edition is dark green. The signature above is the signature of the Minister of Finance, and different Ministers of Finance are issued in different years.
3. USDT, also known as Tether (USDT), is a token issued by the American Tether company in order to be equivalent to the US dollar, that is, 1USDT=1 US dollar, users can use USDT and USD at any time for 1:1 exchange. In order to strictly abide by the 1:1 margin promised by the company, every time it adds 1 new USDT, it will increase the account funds of 1 USD in its bank account, thus ensuring the security of investors’ use and withdrawal. At the same time, users can conduct fund inquiries on the Tether official website platform to monitor the security of their funds at any time to ensure transparency. USDT is a cryptocurrency asset issued on the Bitcoin blockchain through the Omni layer protocol. Each USDT unit can be exchanged for one dollar. USD is held in reserves of Tether Limited and can be redeemed through the Tether platform. USDT can be transferred, stored, spent just like Bitcoin or any other cryptocurrency, and users can transact and store through any Omni layer supported wallet such as Ambisafe, Holy Transaction or Omni Wallet.
Ⅳ What is the difference between USDT trading and BTC trading
1. Tether (USDT) is a cryptocurrency that is pegged to the fiat currency US dollar Virtual currency is a virtual currency that is stored in a foreign exchange reserve account and backed by legal tender.
2. Contract trading is a general term for Bitcoin Litecoin futures contract trading.
Warm reminder: ①The above content is for reference only and does not make any suggestion. Relevant products are issued and managed by the corresponding platform or company, and our bank is not responsible for product investment, redemption and risk management. ② There are risks in entering the market, and investment should be cautious. 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: 2021-02-02, please refer to the official website of Ping An Bank for the latest business changes.
[I know Ping An Bank] Want to know more? Come and see “I know Ping An Bank”~
https://b.pingan.com.cn/paim/iknow/index.html
VI In digital currency What is the USDT of
Tether (USDT) is a virtual currency that links the cryptocurrency to the legal currency US dollar, and is a virtual currency that is stored in a foreign exchange reserve account and is backed by legal currency.
Warm reminder:
①The above content is for reference only;
②According 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 legal compensation Monetary attributes such as sexuality and compulsion are not real currency, and do not have the same legal status as currency. They cannot and should not be used as currency in the market. Citizens investing in and trading virtual currency are not protected by law.
Response time: 2021-02-02, please refer to the official website of Ping An Bank for the latest business changes.
[I know Ping An Bank] Want to know more? Come and see “I know Ping An Bank”~
https://b.pingan.com.cn/paim/iknow/index.html
VII Digital Currency Field What is the currency of USDT?
The price of USDT is pegged to the US dollar and can be exchanged for other virtual currencies on the OKEx exchange, or it can be directly exchanged for fiat currency to RMB. If my answer can help you, please adopt
Ⅷ Is USDT a virtual currency?
It is the same, but it is composed of two different coins are added together.
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