India legislates against bitcoin
Publish: 2021-05-15 21:48:31
1. bitcoin is a kind of P2P digital code. Bitcoin does not rely on specific currency institutions to issue. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized characteristics and algorithms of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin by mass manufacturing
bitcoin lacks stability, so it doesn't have "inherent value", it's just a virtual proct. If we recognize its legitimacy, it will have a significant adverse impact on the banks of all countries, and even can replace the currencies of all countries. Finally, a few people will manipulate the world's monetary system, which is a very dangerous existence. It's not money. Whether it's legal or not depends entirely on whether a country recognizes it as legal or not< At present, the United States, China and South Korea all think it is not a currency. Among the big countries, bitcoin is only recognized as the "unit of account" by the German Ministry of finance, but it is only a unit of account, which does not mean that it is mainly a currency.
bitcoin lacks stability, so it doesn't have "inherent value", it's just a virtual proct. If we recognize its legitimacy, it will have a significant adverse impact on the banks of all countries, and even can replace the currencies of all countries. Finally, a few people will manipulate the world's monetary system, which is a very dangerous existence. It's not money. Whether it's legal or not depends entirely on whether a country recognizes it as legal or not< At present, the United States, China and South Korea all think it is not a currency. Among the big countries, bitcoin is only recognized as the "unit of account" by the German Ministry of finance, but it is only a unit of account, which does not mean that it is mainly a currency.
2. First, bitcoin is not issued by the monetary authority. It does not have the monetary attributes of legal compensation and compulsion. It is not a real currency. Here, we have to compare the properties of bitcoin and currency. Take bitcoin as an example, it belongs to a virtual asset of the network, and there is no specific issuing institution, while bitcoin is calculated by network nodes. In contrast, money is a commodity separated from commodities and fixed as a general equivalent. As a result, bitcoin cannot replace traditional currency. Today, management has made it clear that bitcoin is not a real currency, that is, it denies the currency status of bitcoin. Second, bitcoin websites should earnestly fulfill the legal anti money laundering obligations such as customer identification and suspicious transaction reporting, and effectively prevent the money laundering risks related to bitcoin. As a virtual asset of network, bitcoin has an unpredictable regulatory risk. Due to the anonymity and decentralization of the ownership and circulation of bitcoin, it is difficult to guess the regulatory risk of bitcoin. With the significant improvement of bitcoin's global influence, it has graally become a place for some criminals to commit money laundering and other violations. Undeniably, this also provides an effective way to deal with the regulatory loopholes of bitcoin. Third, all financial institutions and Payment institutions are not allowed to carry out business related to bitcoin, price procts or services with bitcoin, buy or sell bitcoin or act as central counterparties. In essence, the management prevents a series of unpredictable problems by blocking the bitcoin related business of financial institutions. Of course, this move is to a greater extent considered from the perspective of national strategy.
3.
From this year's point of view, the digital money market is also very hot. For Tesla to buy bitcoin, the United States will support more than 300 million US dollars to buy bitcoin. Even some NBA teams also buy bitcoin in proportion. Therefore, after the exposure of the photos, countries around the world have strengthened their supervision on this matter
recently, Japan has also issued a bill to ban all cryptocurrencies, including digital currency, and impose fines on cryptocurrency transactions or holders. This bill may also bring heavy damage to the digital currency investors of millions of Indian enterprises. It is reported that this bill has won the majority of votes in the Indian government meeting. A working group in India also said that the maximum penalty for Indians involved in the exposure, possession, transaction or transfer of cryptocurrency is 10 years{ RRRRR}
4.
As long as the influence of bitcoin scam is not particularly bad, the government generally adopts the policy that the people do not sue, the officials do not blame, and turn a blind eye to it. Because even if the government enters, it is difficult to find the culprit. The information of some operation teams is not public, and it is difficult to find it on the Internet. Some of them are still abroad, so it is difficult to solve the case. Some of the culprits turn around and become victims. There are also those who participated in the bitcoin pyramid scheme. A large number of victims are also the biggest accomplices< br />
5. Australia
in October 2013, bitcoin Bank of Australia was attacked by hackers, with a loss value of more than US $1 million. This incident has aroused the concern of bitcoin security in Australia. The Reserve Bank of Australia and the Australian tax office have said they want a virtual currency tax like a business transfer tax
Bangladesh
the Central Bank of Bangladesh banned the use of virtual currency in September 2014. Using bitcoin will be punished by law
Brazil
Brazil is one of the few countries in the world that has enacted laws related to electronic currency payment systems. Brazil has not banned bitcoin
Bolivia
for regulatory reasons, the Central Bank of Bolivia (BCB) has banned the use of bitcoin. BCB believes cryptocurrency will help business entities evade taxes
Canada
bitcoin is not considered legal, that is, bitcoin is not recognized by Canadian law. Canada's tax authorities plan to implement the same tax plan as barter trade and speculative trading for the bitcoin
China
China is one of the few countries in the world that ban bitcoin completely and prohibit financial institutions and banks from dealing with bitcoin transactions. In December 2013, the people's Bank of China issued a notice calling bitcoin & quot; Virtual goods;, And prevent it from becoming money
trading has been suspended
Ecuador has banned bitcoin, but it has chosen to set up a new state-owned electronic currency and monetary system, and the currency will be protected by the assets of the Central Bank of Ecuador
EU
at present, the EU still has different views on the classification of bitcoin. In October 2012, the European Central Bank's report on virtual currency concerns the legality of bitcoin under the EU legal framework. The European Banking Regulatory Authority issued a bitcoin risk warning, saying that the use of bitcoin has not been restricted at present
Finland
Finland has relevant regulations for the use of virtual currencies such as bitcoin. The relevant regulations are issued by the Finnish tax authority Vero skatt. Any gains arising from bitcoin transactions will be subject to capital gains tax
Hong Kong
Hong Kong has no regulations for bitcoin or any other virtual currency. However, the government is closely monitoring the use of bitcoin to prohibit money laundering, fraud and other illegal activities
India
India does not explicitly stipulate or prohibit the use of bitcoin. However, the Reserve Bank of India (RBI), equivalent to the Central Bank of India, has been forced to shut down India's largest bitcoin trading platform after it issued a notice that the use of bitcoin could cause money laundering and security problems
Israel
the Israeli tax authority is considering levying income tax on bitcoin transactions. Israeli banks even blackmail bitcoin payments
Kyrgyz
Kyrgyz central bank has banned the use of digital currency and bitcoin for the reasons of lack of centralized management, high currency risk and legal problems
Russia
the Central Bank of Russia believes that bitcoin may be used for money laundering and terrorist financing. Therefore, the Russian government banned the use of bitcoin
Taiwan
Taiwan's financial supervision commission is concerned about the uncertainty and speculation of bitcoin, so Taiwan opposes the installation of bitcoin ATM
UK
at present, there are no relevant regulations for the bitcoin. Profits or losses from bitcoin transactions are subject to capital gains tax, while the purchase of bitcoin is still subject to VAT
the U.S.
the U.S. is probably the most supportive country for virtual currencies such as bitcoin. There are no final rules on bitcoin. However, there are also many new rules for the establishment of bitcoin management framework.
in October 2013, bitcoin Bank of Australia was attacked by hackers, with a loss value of more than US $1 million. This incident has aroused the concern of bitcoin security in Australia. The Reserve Bank of Australia and the Australian tax office have said they want a virtual currency tax like a business transfer tax
Bangladesh
the Central Bank of Bangladesh banned the use of virtual currency in September 2014. Using bitcoin will be punished by law
Brazil
Brazil is one of the few countries in the world that has enacted laws related to electronic currency payment systems. Brazil has not banned bitcoin
Bolivia
for regulatory reasons, the Central Bank of Bolivia (BCB) has banned the use of bitcoin. BCB believes cryptocurrency will help business entities evade taxes
Canada
bitcoin is not considered legal, that is, bitcoin is not recognized by Canadian law. Canada's tax authorities plan to implement the same tax plan as barter trade and speculative trading for the bitcoin
China
China is one of the few countries in the world that ban bitcoin completely and prohibit financial institutions and banks from dealing with bitcoin transactions. In December 2013, the people's Bank of China issued a notice calling bitcoin & quot; Virtual goods;, And prevent it from becoming money
trading has been suspended
Ecuador has banned bitcoin, but it has chosen to set up a new state-owned electronic currency and monetary system, and the currency will be protected by the assets of the Central Bank of Ecuador
EU
at present, the EU still has different views on the classification of bitcoin. In October 2012, the European Central Bank's report on virtual currency concerns the legality of bitcoin under the EU legal framework. The European Banking Regulatory Authority issued a bitcoin risk warning, saying that the use of bitcoin has not been restricted at present
Finland
Finland has relevant regulations for the use of virtual currencies such as bitcoin. The relevant regulations are issued by the Finnish tax authority Vero skatt. Any gains arising from bitcoin transactions will be subject to capital gains tax
Hong Kong
Hong Kong has no regulations for bitcoin or any other virtual currency. However, the government is closely monitoring the use of bitcoin to prohibit money laundering, fraud and other illegal activities
India
India does not explicitly stipulate or prohibit the use of bitcoin. However, the Reserve Bank of India (RBI), equivalent to the Central Bank of India, has been forced to shut down India's largest bitcoin trading platform after it issued a notice that the use of bitcoin could cause money laundering and security problems
Israel
the Israeli tax authority is considering levying income tax on bitcoin transactions. Israeli banks even blackmail bitcoin payments
Kyrgyz
Kyrgyz central bank has banned the use of digital currency and bitcoin for the reasons of lack of centralized management, high currency risk and legal problems
Russia
the Central Bank of Russia believes that bitcoin may be used for money laundering and terrorist financing. Therefore, the Russian government banned the use of bitcoin
Taiwan
Taiwan's financial supervision commission is concerned about the uncertainty and speculation of bitcoin, so Taiwan opposes the installation of bitcoin ATM
UK
at present, there are no relevant regulations for the bitcoin. Profits or losses from bitcoin transactions are subject to capital gains tax, while the purchase of bitcoin is still subject to VAT
the U.S.
the U.S. is probably the most supportive country for virtual currencies such as bitcoin. There are no final rules on bitcoin. However, there are also many new rules for the establishment of bitcoin management framework.
6. Generally, it's legal, but I don't think it's reliable. If you put it in your wallet, it's equivalent to being in someone else's, so you can't make your own decisions
7. (a+b)+c=a+(b+c)
8. At present, there is no special country to crack down on bitcoin. Generally, it is to ban the exchange of cryptocurrency rather than bitcoin itself
9. The circulation of bitcoin will lead to a series of illegal acts, which is not concive to maintaining the stability of the financial market. The Reserve Bank of India (RBI) will not legalize any form of bitcoin.
10. The cleaning method of white clothes stained with signature pen oil:
1, because the composition of the ink of the signature pen is different, the methods to remove the stains are different. General ink stains with gasoline scrubbing, and then detergent cleaning
2, or soak the contaminated fabric in carbon tetrachloride and rub it, then rinse it with clean water. If it cannot be washed with clean water, wipe it with 10% ammonia or 10% sodium bicarbonate solution, and finally rinse it with water
how to clean the white clothes with signature pen oil Cleaning methods for white clothes with signature pen oil: 1. Due to the different components of the ink, there are different ways to remove the stains. General ink stains are wiped with gasoline...
how to wash the white cotton clothes with black gel pen oil Don't get wet. Drop blue moon hand washing liquid on the clothes. After 10 minutes, it can be washed off. Remember to wash it by hand. Machine washing is easy to fade (white...
How do you wash the white clothes when you get the black neutral pen oil? Thank you: 1. Rinse the stains with clean water, and let the water flush the stains as far as possible; 2. Apply alcohol on the stains, and then apply washing liquid, gently scrub...
how to do if you get black neutral pen oil on the white clothes: skillfully remove the stains on the clothes (2) ■ remove the sweat stains by rubbing with a small amount of wax gourd juice, you can remove the sweat stains on the white clothes. To remove the oil stains, take a piece of radish to wipe the oil stains, and then...
How can neutral pen oil be cleaned on white clothes?
first of all, we need to see what kind of material the clothes are made of. The general method is to put a towel under the stains, use a small bristle brush with alcohol, and then brush gently until the stains dissolve and expand...
How can neutral pen ink be washed off white cotton clothes 1. Shampoo + white vinegar: soak the dirty part with shampoo, and then gently scrub it with white vinegar with a brush. 2. Alcohol + soap: wash with a brush dipped in alcohol,
how to clean white clothes that have been stained by the ink of neutral refill for more than 24 hours Cleaning method of medium-sized ink on white clothes: first wash with water, then soak it in warm soap, and then wash it with clean water after the color stains are removed For white clothes, I usually drop one or two drops directly. Then rub it off and wash it off with clean water More about the gel pen...
how to remove the signature pen water from clothes Signature pen oil is oily, so you need to use chemical similarity to dissolve... Laundry tips collection 1, clean white clothes, white socks, white clothes....
how to wash off signature pen oil on clothes: clothes stained with pen ball pen traces, there is another solution: don't rush to put the clothes into the water, but first wash the stained part with gasoline, and then wash it again
1, because the composition of the ink of the signature pen is different, the methods to remove the stains are different. General ink stains with gasoline scrubbing, and then detergent cleaning
2, or soak the contaminated fabric in carbon tetrachloride and rub it, then rinse it with clean water. If it cannot be washed with clean water, wipe it with 10% ammonia or 10% sodium bicarbonate solution, and finally rinse it with water
how to clean the white clothes with signature pen oil Cleaning methods for white clothes with signature pen oil: 1. Due to the different components of the ink, there are different ways to remove the stains. General ink stains are wiped with gasoline...
how to wash the white cotton clothes with black gel pen oil Don't get wet. Drop blue moon hand washing liquid on the clothes. After 10 minutes, it can be washed off. Remember to wash it by hand. Machine washing is easy to fade (white...
How do you wash the white clothes when you get the black neutral pen oil? Thank you: 1. Rinse the stains with clean water, and let the water flush the stains as far as possible; 2. Apply alcohol on the stains, and then apply washing liquid, gently scrub...
how to do if you get black neutral pen oil on the white clothes: skillfully remove the stains on the clothes (2) ■ remove the sweat stains by rubbing with a small amount of wax gourd juice, you can remove the sweat stains on the white clothes. To remove the oil stains, take a piece of radish to wipe the oil stains, and then...
How can neutral pen oil be cleaned on white clothes?
first of all, we need to see what kind of material the clothes are made of. The general method is to put a towel under the stains, use a small bristle brush with alcohol, and then brush gently until the stains dissolve and expand...
How can neutral pen ink be washed off white cotton clothes 1. Shampoo + white vinegar: soak the dirty part with shampoo, and then gently scrub it with white vinegar with a brush. 2. Alcohol + soap: wash with a brush dipped in alcohol,
how to clean white clothes that have been stained by the ink of neutral refill for more than 24 hours Cleaning method of medium-sized ink on white clothes: first wash with water, then soak it in warm soap, and then wash it with clean water after the color stains are removed For white clothes, I usually drop one or two drops directly. Then rub it off and wash it off with clean water More about the gel pen...
how to remove the signature pen water from clothes Signature pen oil is oily, so you need to use chemical similarity to dissolve... Laundry tips collection 1, clean white clothes, white socks, white clothes....
how to wash off signature pen oil on clothes: clothes stained with pen ball pen traces, there is another solution: don't rush to put the clothes into the water, but first wash the stained part with gasoline, and then wash it again
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