Has China liberalized bitcoin trading

1.

Prior to that, the regulatory authorities decided to close the exchanges of virtual currency in China. On September 14, regulatory rumors finally came to the ground. Just now, bitcoin China, one of China's three major virtual currency trading platforms, announced that bitcoin China would stop all trading business on September 30

according to public information, bitcoin China is the longest operating bitcoin trading platform in China, which was established on June 9, 2011. Affected by the news, bitcoin, lightcoin and Ethereum all fell sharply

2.

On the evening of September 14, bitcoin China's official website announced that according to the spirit of the document issued on September 4, bitcoin China digital asset trading platform stopped new user registration from September 14; On September 30, the digital asset trading platform will stop all trading business

except bitcoin China, the other two platforms have not released relevant announcements yet. In response to reporters, Huo coin said that it has not received any clear documents or notices about the content of news reports. Okcoin said that the official announcement of okcoin should be taken as the standard

virtual currency has a long way to go and needs further supervision

3. You can trade in currency.

4.

Radar currency is a kind of virtual currency, which does not have the value of real currency and has high risk, so it should not be invested

in 2017, the people's Bank of China and other seven ministries and commissions jointly issued the announcement on preventing the risks of token issuance and financing, which clearly pointed out that the token or "virtual currency" used in token issuance and financing is not issued by the monetary authority, has no monetary attributes such as legal compensation and mandatory, and does not have the same legal status as currency, It cannot and should not be used as currency in the market

at the same time, the announcement also pointed out that illegal selling and circulation, raising so-called "virtual currency" from investors, such as bitcoin and Ethernet, is essentially an unauthorized illegal public financing behavior, which is suspected of illegal selling token bills, issuing securities, illegal fund-raising, financial fraud, pyramid selling and other illegal criminal activities

extended materials

the value of real currency or something with monetary attribute is guaranteed from two aspects: one is the strong state power guarantee and endorsement, the other is the general public use and irreplaceable. Therefore, virtual currency is obviously not real currency<

after the regulatory authorities have made clear their attitude, although bitcoin China, huocoin.com and other "virtual currency" operators have successively taken restrictive measures on the trading platform, the risk of "virtual currency" speculation still deserves high vigilance

in response, the China Internet Finance Association also said in the "tips on preventing the risks of bitcoin and other so-called" virtual currencies ", that bitcoin and other so-called" virtual currencies "lack a clear value basis and are increasingly becoming tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other criminal activities

investors participate in speculation through the "virtual currency" trading platform, and face the risk of price fluctuation, security risk, platform technology risk, etc., which need to be borne by investors themselves

5. Where are the five or three exchanges? They are just deceiving themselves. BTCC is OK. People who don't have a bit of bitcoin history can't find its spray point. It's one of all the rotten peaches that is not too bad; As for Huabi, the title of "cancer" in the instry is not in vain. However, the sharp rise and fall of bitcoin in China are all caused by Huabi. The best example is the sudden drop of Leyte coin from more than 100 yuan to 1 yuan in early 2014. This wave of harvest by Huabi is really awesome; As for okcoin, the whole company, from Xu Mingxing to its employees, is a liar. From 2013 to now, countless scandals have been proved. As for the forgery of transaction volume, false Reserve Certificate, internal employee transactions, and forged contracts, you can see Zhao CHANGPENG and Xu Mingxing's press conference. Save money to okcoin? How dare you! In addition, btctrade, chbtc, Yunbi, btc100, bter, btc38 and so on, basically have nothing to say. They have done the bad things that the first three exchanges have done, and they have done the bad things that the first three exchanges have not done. In the future, we can only fool novices who don't understand bitcoin. Now that we have said so much, let's talk about some foreign ones. Let's not talk about US dollars. Anyway, the landlord can't use them. We only talk about the ones that support RMB trading: the earliest offline trading platform of local bitcoin has the advantage that you don't need to risk the misappropriation of funds by the platform, that is, you can buy and sell them, and bitcoin can get to the account quickly; The disadvantage is that the price is increased by 2-10% on the basis of the general market price, and the arrival of RMB is slow. Lakebtc service center is located in a global exchange in Shanghai. At first, all transactions were charged. Later, we saw that domestic exchanges are free, so RMB transactions are free. The advantage is that there are almost no scandals. It's a rare platform for quiet trading in the circle. The disadvantage is that the Chinese language used to come and go, which didn't exist in the beginning, then existed, and now disappeared. Anx, a global exchange headquartered in Hong Kong, supports many currencies. However, from global BTC to mycoin and hkcex, it may be because there are too many fraud companies in Hong Kong. There are few discussions about anx not only at home but also abroad. Perhaps anx itself feels that it has been lukewarm in the bitcoin circle, and it seems to be developing to other types of transactions recently.

6. Bitcoin has never left China. 70% of the mines are in China, and there is little possibility of a future ban. And personal holding and peer-to-peer trading are not prohibited, nor can they be prohibited.

7. Since 2004, the price of liquefied gas has been rising rapidly. Guangzhou's liquefied gas relies on imports, which is greatly affected by the international crude oil price. In this case, people in Guangzhou have increased their demand for pipeline gas and honeycomb briquette. The prices of pipeline gas and honeycomb briquette have increased, and the government does not impose price control on liquefied gas for the time being. Why does this happen< Using the existing economic knowledge, we can get the following six reasons:
(1) according to the downward trend of demand curve, when the price of a commodity rises (while keeping other conditions unchanged), buyers tend to buy less quantity. Therefore, when the price of bottled liquefied gas soars, even when it reaches 82 yuan / bottle in September, residents will rece their consumption of liquefied gas and actively look for other ways to solve this problem. For example, ring 1999-2000, the international crude oil price showed a downward trend, and the price of bottled liquefied gas in Guangdong also kept falling. Therefore, the residents consumed more liquefied gas than they do now
(2) 1. According to the substitution effect, when the price of an item rises, consumers are more inclined to replace the more expensive item with other items. Because bottled liquefied gas, pipeline gas and honeycomb briquette are substitutes for each other, when the price of bottled liquefied gas rises, residents tend to consume pipeline gas and honeycomb briquette with lower price. Therefore, when the price of bottled liquefied gas rises, pipeline gas and honeycomb briquette are favored again. 2. Pipeline gas and pipeline gas installation business are complementary procts. Therefore, when the demand for pipeline gas rises, the demand for pipeline gas installation business also rises, just like cars and gasoline, left shoes and right shoes
(3). 1. The price elasticity of demand refers to the corresponding change in the demand of an article when its price changes. Bottled gas is a necessity of daily life, so even if the price rises, its demand is almost unaffected. Therefore, we think that the demand for bottled gas and pipeline gas is inelastic. 2. Moreover, it is difficult for most people to adjust their demand in the short term, which means that the demand for bottled gas will not decrease significantly with the rise of price in the short term. 3. However, e to the substitution effect between pipeline gas, honeycomb briquette and bottled gas, when the price of bottled liquefied gas rises, the price elasticity of demand will increase to a certain extent, and the demand will decrease slightly. 4. Due to the lack of price elasticity of demand for essential goods such as fuel mentioned above, the price elasticity of pipeline gas is different for different customers. Guangzhou Gas Company implements price control on residents, non-commercial public welfare users and commercial public welfare users and charges different fees. 5. The price of related goods, climate and other special factors can affect the demand for goods, therefore. As mentioned in the material, the price of bottled gas and the cooling weather will affect the hot sale of honeycomb briquette. Similarly, pipeline gas is also the same
(4) cross elasticity of demand refers to the change of the demand of another commodity caused by the change of the price of one commodity. The rise of LPG price leads to the increase of demand for pipeline gas and honeycomb briquette, which reflects the economic principle of cross elasticity of demand< (5) 1. Government policies will have a significant impact on supply. When the price of bottled liquefied gas rises, the government does not take administrative measures to intervene in the price, which stabilizes the psychology of suppliers to a certain extent and ensures that the supply of liquefied gas does not decline significantly. 2. Proction cost affects the price and supply of goods. The reason why the price of bottled liquefied gas rises sharply is that the price of international crude oil rises. Therefore, the proction cost of liquefied gas affects its price and supply. 3. The difficulty of obtaining inputs affects the supply. Besides state-owned coal stores, there are many private coal Stores and indivial coal stores that proce honeycomb briquette. The supply share of honeycomb briquette in these private coal stores is estimated to account for about two-thirds of the Guangzhou market, and China has abundant coal resources, which determines the supply of honeycomb briquette to a certain extent< (6) 1. The government controls the price of bottled liquefied gas. When the price cap is set, there may be a phenomenon that there is a price but no goods. If the price of the equilibrium point of supply and demand without the upper limit is higher than the equilibrium point after the upper limit is set, the supply will be less than the demand, so there will be a shortage of market supply. 2. In addition, when the government intervenes in supply and demand, it often leads to waste, inefficiency and shortage. Therefore, we believe that the price department did not intend to intervene in the price of liquefied gas after in-depth investigation into the reasons for the rise in the price of liquefied gas
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