What are the more powerful virtual currency companies in China?

Virtual property is not currently protected by law!

The Association is simply a special agency for the exchange of foreign currency for the special commodity economy, issued by the state. In addition, money is not a matter of chaos, and if the circulation of money and the country's economy are out of balance in the proportion of total output, this will likely lead to one of two consequences, one is inflation. The second is the economic crisis.

The macroeconomic macroeconomic control and evaluation of the annual GDP determines the amount of currency next year. In order to maintain the economic balance of the country. Now we can think about how virtual currency in online games is how society came about.

The answer is simple, most of the currency in the game is won by killing monsters and virtual technology, and no game will be a special currency issued. In other words, in-game currency can grow indefinitely. Therefore, this game is a very common situation for inflation.

Similarly, other virtual items in the game can be added indefinitely by means of appropriate means (such as plugins), or you can ignore the daily economic law. What would happen if the property was currently suffering from these two completely different economic laws and effects?

"On Further Prevention and Handling.

Notice of the risk of speculation in virtual currency trading".

The notice makes it clear that virtual currency does not have the same legal status as legal tender, and virtual currency-related business activities are illegal financial activities. The relevant responsibilities shall be pursued in accordance with law for the domestic staff of the relevant overseas virtual currency exchanges, as well as legal persons, unincorporated organizations and natural persons who still provide them with services such as marketing and publicity, payment and settlement, and technical support, knowing or should have known that they are engaged in virtual currency-related business.

The notice points out that to strengthen the management of virtual currency-related Internet information content and access, Internet enterprises must not provide services such as online business venues, commercial displays, marketing and publicity, and paid diversion for virtual currency-related business activities; Strengthen the registration and advertising management of market entities related to virtual currency, and the registered names and business scope of enterprises and individual industrial and commercial households must not contain words or content such as "virtual currency", "virtual assets", "cryptocurrency", and "crypto assets".

The notice stresses that in accordance with the law, it is necessary to crack down on illegal business operations, financial fraud and other criminal activities in virtual currency-related business activities, money laundering, gambling and other criminal activities using virtual currency, and illegal fund-raising and pyramid schemes using virtual currency as a gimmick.

According to the notice, China will establish and improve the working mechanism to deal with the risk of speculation in virtual currency transactions, coordinate and work together with multiple departments, strengthen territorial implementation, and actively prevent and properly deal with problems related to speculation in virtual currency transactions.

Although there are many altcoins in China, in view of the current proper control of digital currency in China, many domestic altcoins have basically been removed from the shelves and rectified. Here is a reminder to everyone, do not focus your investment attention on domestic digital currencies, because these virtual currencies are basically so-called altcoins or air coins, if you accidentally invest in them, it is likely that the gains outweigh the losses. For those who are very interested in virtual currency, it is better to carefully understand and learn about virtual currency, and only when their knowledge reserves reach a certain level, can your investment be more secure.

If you are deceived by altcoins, you can also go to the relevant departments in time, although virtual currencies cannot be protected like currency, but as the property and funds of consumers, there must be laws to protect you.

There are many virtual currencies in China, but they are all illegal. Real virtual currency must be legal or based on real-life currency or goods.

Although the central bank does not recognize the status of these virtual currencies, it does not deny the legitimacy of Bitcoin as a commodity, and everyone can participate freely under the premise of risk.

Virtual currency refers to money that is not real.

Popular digital currencies since 2013 include Bitcoin, Ethereum, Ritecoin, Litecoin, Dogecoin, Ripple, Ingot Coin, Bitcoin and so on.