Can virtual currencies only be bought with US dollars?

Not necessarily, you can buy Bitcoin with yuan just by looking at it? It's all different.

In addition to the US dollar, you can also use RMB. However, it needs to be realized through the docking of trading platforms and over-the-counter transactions. The process is to let the buyer directly to the seller**, Alipay, bank cards are OK.

I recommend OKEx exchange, the characteristics of the big platform is long-term stability, large trading volume, and strong strength.

Significance: Bitcoin was originally proposed by Satoshi Nakamoto on November 1, 2008, and officially born on January 3, 2009. According to Satoshi Nakamoto's ideas, the open source software is designed and released, and the P2P network on it is built.

Bitcoin is a virtual cryptocurrency in the form of P2P, and peer-to-peer transmission means a decentralized payment system.

The value of Bitcoin:

1. As a virtual currency, Bitcoin is limited in quantity, but it can be exchanged for the currencies of most countries, which is the largest value of Bitcoin at present. 2. Bitcoin can be used to recharge and buy equipment in the game, and in the virtual world, the value of Bitcoin is greater than that of real money.

Significance of Bitcoin:

1. The original intention of the designer was to build a free, centerless, and orderly currency trading world, and the emergence of Bitcoin realized the designer's idea.

2. The time used for Bitcoin calculation is unlimited, while human life is limited, which maintains the long-term eternal development of Bitcoin to a certain extent. 3. Cryptography ensures the security of Bitcoin, and it is also well used and packaged.

Extended Materials. 1. The principle of Bitcoin:

Unlike real money, Bitcoin is not issued by a specific monetary institution, it is generated through a large number of calculations according to a specific algorithm. From the essence of Bitcoin, it is a special solution generated by some miscellaneous algorithms. Each special solution solves the equation and is unique, and when it is solved, it is equivalent to owning this special currency.

2. The definition of virtual currency is very simple, it refers to non-real currency.

There are several categories of virtual currencies:

1.In-game currency. Yes, you heard it right, the currency that can be traded in online games can also be called virtual currency. However, the currency in a single-player game cannot be called virtual currency, because it cannot be connected to the Internet and traded with other players.

4.Blockchain currency. The blockchains that everyone is more familiar with, Ethereum and what I often call FIL.

3. Are all the above currencies legal?

The answer is that it's all legal tender. But don't rush to the coffin, although they are all legal tender, they are still 108,000 miles away from fiat currency. Take blockchain currency as an example, the state has listed blockchain currency as legal property, and on September 28, 2019, Hainan established a block center.

The block center was established under the leadership of Huobi Group. According to reports, digital currency is also the main driving force of China's economic growth, and the country has also affirmed the technology of the block industry.

Although there are a lot of digital currencies that can be traded in China, the vast majority of them are tokens that circulate money under the guise of blockchain. If you are more interested in investing in digital currencies, then you should try to choose the top 20 coins by market capitalization.

Virtual currency is legal in China, but it is illegal to use virtual currency to engage in illegal activities. For example, Bitcoin is a special Internet commodity in China, and at this stage, financial institutions are not allowed to provide Bitcoin-related products or services. Bitcoin cannot and should not be used as a currency.

Article 8 of the Civil Code.

Civil entities engaged in civil activities must not violate the law and must not violate public order and good customs.

Article 16 of the People's Bank of China Law.

The legal tender of the People's Republic of China is the renminbi. No unit or individual may refuse to accept all public and private debts within the territory of the People's Republic of China in renminbi payment.

Article 19. It is forbidden to forge or alter the renminbi. It is forbidden to purchase counterfeit and altered RMB.

It is forbidden to transport, possess or use counterfeit or altered renminbi. It is forbidden to deliberately damage the renminbi. It is forbidden to illegally use the renminbi pattern on promotional materials, publications or other goods.

Summary. Legal basis: Article 225 of the Criminal Law of the People's Republic of China violates state regulations by committing any of the following illegal business activities, disrupting market order, and the circumstances are serious, a sentence of up to five years imprisonment or short-term detention is to be given, and/or a fine of between 1 and 5 times the amount of unlawful gains; where the circumstances are especially serious, a sentence of five or more years imprisonment is to be given, and a concurrent fine of between 1 and 5 times the amount of unlawful gains or confiscation of property is to be given

1) Engaging in monopoly or monopoly goods or other restricted items as provided for by laws and administrative regulations without permission; (2) Buying and selling import and export licenses, import and export certificates of origin, and other business licenses or approval documents provided for by laws and administrative regulations; (3) Illegally operating **, **, or insurance business without the approval of the relevant competent state departments, or illegally engaging in fund payment and settlement business; (4) Other illegal business activities that seriously disrupt market order.

Hello! I am Mr. Kang of the cooperation platform, with many years of experience in finance, insurance, **, and joining, and I work as the financial director of Huading.

Kiss! It is legal to buy and sell virtual currency, but if you use virtual currency to engage in illegal world model activities, it is illegal, and it is illegal to operate **, **, insurance business without the approval of the relevant national filial piety and return sales department, or illegally engage in fund payment and settlement business is an illegal business crime.

The object of this crime should be the market order, and in order to ensure the restriction of the sale and purchase of goods and the market for import and export goods, the State implements a business licensing system for goods.

Legal basis: Article 225 of the Criminal Law of the People's Republic of China violates state regulations by committing any of the following illegal business activities, disrupting market order, and the circumstances are serious, a sentence of up to five years imprisonment or short-term detention is to be given, and/or a fine of between 1 and 5 times the amount of unlawful gains; where the circumstances are especially serious, a sentence of five or more years imprisonment is to be given, and a concurrent fine of between 1 and 5 times the amount of unlawful gains or confiscation of property is to be given: (1) Engaging in the operation of monopoly or monopoly items or other restricted items as provided for by laws or administrative regulations without permission; (2) Buying and selling import and export licenses, import and export certificates of origin, and other laws and administrative regulations that provide for the return of filial piety permits or approval documents; (3) Illegally operating **, **, or insurance business without the approval of the relevant competent state departments, or illegally engaging in payment and settlement business of capital appeals; (4) Other illegal business activities that seriously disrupt market order.

What I asked was that I transferred 2 million to someone else and asked him to make virtual currency, and in the end the money was frozen, and then the money was spent, so what is the calculation of this?

You have no signed contract.

No. Are you being deceived?

Is there an IOU? No.

I did it to him, not to him.

What to do if you run away.

I asked if this could be treated as a criminal case.

This can be sued.

Your transfer history should still be there.

Is he your friend in reality?

Both are also chat logs and yes.

This can be used as evidence in the prosecution.

You can buy virtual currency on the trading platform, and the purchase method is very simple. The process is as follows:

First of all, register an account on a digital currency trading platform, conduct real-name authentication, and bind a mobile phone number and bank card (this is a requirement of the central bank);

Secondly, use bank transfer to recharge the trading platform account;

Thirdly, you can use the recharged RMB to buy virtual currency, or you can conduct normal transactions on it;

Finally, it is possible to withdraw RMB, as well as virtual currency.

At present, the more popular virtual currencies are Bitcoin, Fuyuan Coin, Litecoin, Dogecoin, and so on.

There are many types of virtual currency, which one do you want to buy?