Illegal personal transaction of bitcoin

1. To be an intentional criminal of bitcoin, we need to make use of bitcoin to do non-material things. The central bank and other five ministries and commissions issue bitcoin risk notice (full text of bitcoin experts in China): the notice clearly defines the nature of bitcoin, recognizes that bitcoin is issued by the monetary Bureau, has monetary attributes such as compensatory and mandatory, and has real significance. From the perspective of monetary nature, the specific virtual goods of bitcoin have the same legal potential as money and should be used for currency market circulation Bitcoin trading is a kind of Internet Chinese commodity trading bank. Ordinary people are free to participate at their own risk. The notice requires payment institutions of financial institutions to buy and sell bitcoin procts or services at a fixed price, or buy and sell bitcoin as a central bank. Bitcoin underwrites insurance business related to bitcoin, or bitcoin is included in the scope of insurance liability. Direct or indirect customers provide bitcoin related services, including: customers Users provide bitcoin registration, trading, clearing, settlement and other services; Accept bitcoin or bitcoin as payment and settlement tool; Bitcoin and foreign currency exchange services; Bitcoin storage, custody, mortgage and other business; Issue financial procts related to bitcoin; Bitcoin as a trust Fund and other investment targets are stipulated in the notice as the main trading platform of bitcoin. Bitcoin Internet China station shall, in accordance with the regulations of the Chinese Communist Party of China on telecommunications and the provisions of the Internet China Information Service Management Office, file with the telecommunications management agency. The notice requires the relevant agencies to fulfill the requirements of the Chinese Communist Party on anti money laundering The "notice" requires financial institutions and Payment institutions to make sure that they use the concept of currency in their work, and pay attention to strengthening the public's monetary knowledge ecation, recognizing and treating the virtual currency of virtual commodities Rational investment, reasonable control of investment risk, maintaining the safety of their own property and other concepts are included in the content of financial knowledge popularization to guide the public to establish a correct monetary investment concept

2.

It's not against the law to do bitcoin business, but don't use bitcoin to do illegal things

the following is the bitcoin risk notice issued by the central bank and other five ministries and commissions (bitcoin home has the full text):

the notice defines the nature of bitcoin, and holds that bitcoin is not issued by the monetary authority, has no monetary attributes such as legal compensation and mandatory, and is not a real currency. In terms of nature, bitcoin is a specific virtual commodity, which does not have the same legal status as currency and cannot and should not be used as currency in the market. However, bitcoin trading as a commodity trading behavior on the Internet, ordinary people have the freedom to participate at their own risk

3.

It's not against the law to do bitcoin business, but don't use bitcoin to do illegal things

in China, the regulations on the administration of RMB prohibit the proction and sale of token tickets. Because there is no clear judicial interpretation of the definition of token ticket, if bitcoin is included in the "token ticket", the legal prospect of bitcoin in China will face uncertainty

the notice of the Ministry of culture and the Ministry of Commerce on strengthening the management of virtual currency of online games (Wen Shi Fa [2009] No. 20) on June 4, 2009 stated that the application scope of virtual currency of online games was defined for the first time, and the distinction between the current virtual currency of online games and the virtual props in the game was made; At the same time, the notice said that the "notice" stipulates that enterprises engaged in related services must be approved before they can operate

in China, some Taobao stores also began to accept the use of bitcoin, and the number of businesses will graally increase

in October 2013, the first bitcoin quarterly, one bit, was released

on October 15, 2013, the network accelerator service of the network announced its support for bitcoin

on October 26, 2013, btcmini reported that GBL was hacked

on October 31, 2013, Lei Teng, a famous Internet lawyer, proposed the event of "filing a case to investigate the closure of GBL bitcoin trading platform as soon as possible", analyzed the "value function" and "use function" of bitcoin, and bitcoin should be governed by relevant laws

on December 5, 2013, notice of the Ministry of instry and information technology of the people's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing bitcoin risk: bitcoin is a specific virtual commodity

as a commodity trading behavior on the Internet, ordinary people have the freedom to participate in bitcoin trading at their own risk

on September 4, 2017, announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risk of token issuance financing: it is prohibited to engage in token issuance financing activities (ICO)

the trading platform shall not engage in the exchange business between legal tender and token, or virtual currency, or buy or sell token or virtual currency as a central counter party, or provide pricing, information intermediary and other services for token or virtual currency

on November 2, 2018, the people's Bank of China released the 12th topic of China financial stability report 2018, which talked about "encrypted assets"

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extended information:

currency transaction

purchase method

< P > users can buy bitcoin, and at the same time, they can use computers to "mine" bitcoin according to algorithms. When users "mine" bitcoin, they need to search for 64 bit numbers by computer

and then, by repeatedly solving mysteries, compete with other gold miners to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, it will get 25 bitcoins

e to the decentralized programming of bitcoin system, only 25 bitcoins can be obtained every 10 minutes, and by 2140, the upper limit of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes

source of reference: network bitcoin

4. Is BTC trading platform legal? A comprehensive guide to bitcoin transactions. Bitcoin is mainly a computer-generated file stored in a digital wallet application on a smartphone or computer. People can transfer bitcoin to digital wallet, he can distribute bitcoin to other people. Each transaction is recorded in a public list called blockchain. Bitcoin is a digital currency introced in 2009 by anonymous characters using the code name Satoshi Nakamoto. It can be used to buy or trade items from indivials and companies that accept this form of bitcoin cryptocurrency as payment. However, it differs from conventional currencies in many key ways< How to conct bitcoin transaction

several markets called bitcoin exchanges allow indivials to trade bitcoin in a variety of global currencies. Although every bitcoin transaction is recorded in the public account book, it never reveals the identity of the buyer and the trader, as well as a secret afternoon. They can be identified by Wallet ID, code or false name. That's why bitcoin is the preferred form of trading. But there is a drawback to this feature. Due to unidentification, some people carry out illegal occupations, such as selling illegal drugs through the bitcoin exchange. The accumulated bitcoin can be cashed and transferred to the account used to withdraw bitcoin. Cash can only be transferred to the account that originally purchased cryptocurrency. If someone does not, it is recommended that the user should first purchase a small amount of cryptocurrency and activate the account function. Learn more about bitcoin transactions Schweizer kochrezepte.ch

the key element of bitcoin is its decentralized location, which means it is not regulated by any major authority. This distinguishes it from fiat money. Bitcoin payments are managed through a remote computer grid linked through a shared ledger. Each transaction is instantly recorded in each network's blockchain, which notifies and informs all accounts. Blockchain can be used as a decentralized ledger and eliminates the requirement of any central authority to supervise such archives

central banks or government organizations will not distribute bitcoin as legal tender does. Instead, bitcoin is either mined by processors or purchased in standard local currency and then placed in the bitcoin wallet, which is most often retrieved through computers or smartphones

is BTC trading platform legal? Comprehensive guide to bitcoin transactions

5.

Bitcoin has become the most popular cryptocurrency in the world. Some countries allow the transaction of bitcoin, but some countries prohibit it. China belongs to the latter. Why does China shut down bitcoin trading? Let's analyze this problem today

bitcoin does not have the function of trading medium in China, so it can not be called currency. At the same time, bitcoin has the function of storing value and has certain investment value. However, the rapid rise of the current price has formed speculative anticipation and may form a bubble in the future. Therefore, it is necessary to take measures ahead of time, which can also restrain some illegal acts of laundering money and transferring assets through bitcoin. p>

6. There must be fraud in digital currency investment. It's better to find formal institutions to invest, and don't trust high returns.

7. It's not illegal at the moment
bitcoin is not illegal in China. It can be bought and sold in the case of risk, but you know the national conditions
- it's no different from blocking.