The development of French bitcoin
at the end of June 2013, after the German parliament decided that bitcoin would be tax-free if it was held for more than one year, bitcoin was recognized as a "unit of account" by the German Ministry of finance, which means that bitcoin has been regarded as a legal currency in Germany and can be used to pay taxes and engage in trade activities< In August 2013, judge Amos mazant of Texas District Court ruled in a case of bitcoin virtual hedge fund that bitcoin is a kind of currency and should be included in the scope of financial regulation
legal status
bitcoin can still be considered as legal at present. In the world, bitcoin can be regarded as a virtual commodity and protected by law; If bitcoin cannot be officially recognized as a kind of currency by law, it may bring inconvenience to the businesses and indivials who accept bitcoin in tax declaration, because the businesses who accept bitcoin will be regarded as barter transactions, and such transactions are more troublesome than ordinary transactions in tax declaration
at the same time, bitcoin, as a commodity highly similar to currency, needs to meet the demand of anti money laundering. Bitcoin needs to be included in the personal property declaration, banking anti money laundering system, anti insider trading, anti market manipulation and other systems in terms of transaction and possession. Bitcoin exchanges and storage institutions may also need government supervision and licensing. Some fast-growing bitcoin exchanges and payment service providers are actively exploring cooperation with regulatory agencies to bring bitcoin payment into the regulatory framework of anti money laundering and anti-terrorism financing by applying for licenses and actively communicating with regulatory authorities
in Europe, the European Central Bank published a report on "virtual currency architecture", and the French bitcoin trading platform obtained the PSP qualification. On December 6, 2012, the central bank wrote in the report: "this report is the first attempt to provide a basis for discussing the virtual currency system. While these systems may play an active role in financial innovation and in providing consumers with alternative means of payment, they also clearly create risks. " "Because of the small size of virtual currency systems, these risks do not affect anyone other than the users of these systems," the report added The report reviews the history of bitcoin and reviews its basic features, including currency and technical operation.
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press
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.
according to the regulations on the administration of RMB, the proction and sale of token tickets are prohibited. 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< On June 4, 2009, the notice of the Ministry of culture and the Ministry of Commerce on strengthening the management of virtual currency in online games (Wen Shi Fa [2009] No. 20) stated that the scope of application of virtual currency in online games was defined for the first time, and a distinction was made between the current virtual currency in online games and the virtual props in games; 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 have begun 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 March 13, the price of bitcoin once exceeded $60000 per unit, a record high< bitcoin's new record is mainly e to four reasons: first, the US $1.9 trillion fiscal stimulus plan has been approved, which makes the market expect that the US Federal Reserve and the US Treasury will further release us dollar liquidity, greatly easing the financial market investors' worries about the tightening of the US Federal Reserve's monetary policy, As a result, under the condition that inflation pressure is rising e to the continued overflow of US dollar liquidity, the investment institutions that left the market will return to bitcoin again
Second, it was rumored in the market that French congressmen signed a petition to urge the French central bank to buy bitcoin, which stimulated the market's buying enthusiasm
Thirdly, MicroStrategy and other institutions continue to purchase bitcoin, which makes the financial market feel that the attention and recognition of large companies to bitcoin are still increasing Fourthly, the profit making effect of bitcoin rebound is driving new investors to rush into this market 
extended data
be alert to market risk
a number of encrypted digital asset exchanges believe that although the price of bitcoin continues to rise, investors need to pay close attention to the high volatility risk of bitcoin price. Over the past month, bitcoin has repeatedly appeared at record highs, and suddenly showed a sharp correction trend, which made many highly leveraged pursuers fall into the risk of burst positions. In addition, investors also need to pay close attention to the possible price manipulation risk of bitcoin. Because bitcoin liquidity is not high enough, any big bitcoin investors suddenly sell their positions to make profits and leave the market, which will trigger a sharp decline of bitcoin in a short period of time
Wang Jinlong, founder and CEO of Haitou, told reporters that the price of bitcoin is quite volatile at present, and there are a lot of high leverage investors' accounts exploding every day. Therefore, on the whole, we still need to be cautious to catch up with bitcoin. In addition, investors should pay close attention to the trend of global central banks. As more and more central banks plan to issue their own digital currencies, will they bring about a huge "crowding out effect" compared with the application scenarios and demand of bitcoin, which may trigger a new round of valuation adjustment of bitcoin
From the north entrance of Jingning Road, take bus No.144, after 11 stops, to the geological Hotel station