How to deal with China's bitcoin
This situation must be timely feedback to customer service, to retrieve
if bitcoin is stored in the account of the exchange, all the coins are in the big account of the exchange. If the exchange stops trading or goes bankrupt, all the coins belong to the actual controller of the exchange (the person who has the key of the big account)
therefore, if there are official problems in the exchange, we must contact the official customer service in time to retrieve them. In addition, digital assets, blockchain and other technologies will have unpredictable effects, and problems in the development process need to be standardized
extended information:
people who really own bitcoin do not store them on the Internet, but store them on the hard disk. Bitcoin's code is open source, which means that technicians can modify the code to proce a continuous stream of virtual currency
which breaks through the "limited amount" attribute of bitcoin. These virtual currencies can be exchanged with fiat currencies. For example, bitcoin can be exchanged into yen, and yen can be exchanged with almost all fiat currencies in the world
in this case, if the number of virtual currencies increases arbitrarily, there will be problems in the whole international monetary system. Therefore, on September 4, 2017, the central bank stopped the exchange function of the token trading platform, especially the exchange function with legal tender
as the third largest bitcoin trading platform in the world in terms of trading volume, bitcoin China is the first of the three major bitcoin trading platforms in China to announce the cessation of trading business on the evening of September 13, China Internet Finance Association issued a risk warning, pointing out that bitcoin and other so-called "virtual currencies" lack a clear value basis, there is a strong speculative atmosphere in the market, the price fluctuates violently, investors blindly follow the trend of speculation, which is easy to cause capital losses, and investors need to strengthen their risk prevention awareness as soon as the ban came out, all localities responded. The Beijing rectification office under the Beijing Municipal Bureau of financial affairs immediately issued a document to coordinate with the clean-up and rectification of the ICO platform and immediately stop all kinds of ICO token issuance and promotion activities
In the notice on prevention of bitcoin risks jointly issued by the people's Bank of China and other fifth ministries and commissions, financial institutions are prohibited to intervene in bitcoin, but at the same time, it holds that "bitcoin is a specific virtual commodity, 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. "
according to the relevant national laws and regulations, buying and selling bitcoin is legal.
according to the statement of the five ministries and commissions, bitcoin is a commodity and is legal
so generally speaking, bitcoin can be traded publicly, but it needs to be traded on the corresponding exchange. However, the trading platform is centralized. There is only one article about the Chinese government's policy on bitcoin. Please refer to the website link
On September 27, 2017, Beijing time, venture capitalist and founder of "social + capital" Fund said that although bitcoin encountered temporary difficulties in supervision and other aspects, "no one can stop its development."
the key lies in whether it can be realized and recognized by the management. The world is very different
one is in southern Europe, the Balkans, the capital of BIH, and the other is in the easternmost part of Asia. The distance is similar to that of Yugoslavia, but closer than that of Italy
it only represents personal views, don't spray if you don't like it, thank you.