Cryptocurrency fell sharply today

1. There are several reasons for the collapse of digital currency:
1. Some unscrupulous media and we media spread false information
2. The domestic policy on digital currency is tightening, and the voice of supervision is endless
3. In recent years, countries such as Europe, America and Japan are not very friendly to digital currencies represented by bitcoin and wikilink
4. After a round of explosion, the value of digital currency instry graally returns to rationality.

2. It's not illegal to issue digital currency in China. It doesn't need the next three years. Now people have already issued digital currency. For example, Ruitai, bitcoin, Yuanbao and sandcoin are all digital currencies issued by domestic companies. But if not

3.

1. Digital money supply:

for example, the supply of bitcoin may be limited (21 million), which is expected to be fully exploited by 2040, but even so, the availability of money will fluctuate with the speed of its entry into the market and the activities of its holders

2, the value of the digital currency: the value of the

digital money market and the expectation of its currency will affect the behavior of traders, choose to participate in a blowout market or short bubbles. p>

3. Negative reports:

any currency will be affected by the public perception, especially digital currency. Even in its heyday, its security, currency value and currency circulation have been questioned

4. Resource integration:

establishing the image of digital currency and building the confidence to defeat traditional currency depend on its integration with new payment system and crowdfunding platform

5. Instry acceptance:

bitcoin and other digital currencies have not been widely accepted by global enterprises, and the impact of placing it in a more important position in enterprises is unknown

6. Key events:

any major event, including regulatory changes, security loopholes, macroeconomic setbacks, may have a serious impact on cryptocurrency

extended data

monetary characteristics:

as a non fully circulating asset, the strong price of digital cryptocurrency must be supported by reserves; The price fluctuation depends on the real-time transaction demand of bitcoin to legal currency

the biggest feature of digital cryptocurrency is that it is global. No matter where you are, of course, the human beings in the Mars bunker outside the earth have no problem. As long as you can log on to the network, you can freely control your own assets within the scope of the global network, which is safe and convenient. The assets in an address can be controlled independently or jointly (multi signature smart contract)

4.

The general sentence for the crime of pyramid selling is fixed-term imprisonment of not more than five years or criminal detention and a fine; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined. According to the law,

Article 224-1 of the criminal law of the people's Republic of China requires the participants to obtain the qualification by paying fees or purchasing goods and services in the name of business activities such as selling goods and providing services, and to form a hierarchy according to a certain order

those who directly or indirectly use the number of development personnel as the basis for remuneration or rebate to ince or coerce participants to continue to develop pyramid selling activities that others participate in, defraud property, and disrupt economic and social order shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and shall also be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined

extended information:

Article 225 of the criminal law [crime of illegal business operation] "Reply of the Supreme People's Court on how to determine the nature of pyramid selling or disguised pyramid selling with serious circumstances" (adopted at the 1166th meeting of the judicial committee of the Supreme People's Court on March 29, 2001, and announced by the Supreme People's Court of the people's Republic of China on April 10, 2001)

effective from April 18, 2001) stipulates the provisions in the provisions on the prosecution standards for economic crime cases (GF [2001] No. 11 of the Supreme People's Procuratorate and the Ministry of public security on April 18, 2001), the reply of the Supreme People's Procuratorate on how to deal with pyramid selling or pyramid selling in disguised form before April 18, 1998 ([2003] No. 7 of the Supreme People's Procuratorate) and the regulations on the prohibition of pyramid selling

(adopted at the 101st executive meeting of the State Council on August 10, 2005, and implemented since November 1, 2005) on February 28, 2009, the criminal law amendment (VII) was passed, adding the crime of organizing and leading pyramid selling

crime of organizing and leading pyramid schemes - organizing and leading pyramid schemes, in the name of selling goods and providing services, requires the participants to pay fees or purchase goods and services to obtain the qualification, and forms a hierarchy according to a certain order, and directly or indirectly uses the number of development personnel as the basis of remuneration or rebate, to lure and encourage the participants to participate in pyramid schemes Coerce participants to continue to develop others to participate

Whoever swindles money or property and disturbs the economic and social order shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and shall also be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined

amendment (7) of the criminal law adds an article after article 224 of the criminal law as one of article 224: "in the name of business activities such as selling goods and providing services, organizations and leaders require participants to obtain the qualification to join by paying fees or purchasing goods and services, and form a hierarchy according to a certain order

those who directly or indirectly use the number of development personnel as the basis for remuneration or rebate to ince or coerce participants to continue to develop pyramid selling activities that others participate in, defraud property, and disrupt economic and social order shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and shall also be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined. "

"the reply of the Supreme People's Court on how to determine the nature of pyramid selling or disguised pyramid selling with serious circumstances" stipulates that after the "notice on prohibiting pyramid selling business activities" issued by the State Council on April 18, 1998, pyramid selling or disguised pyramid selling activities are still engaged in

Those who disturb the market order and the circumstances are serious shall be convicted and punished for the crime of illegal business operation in accordance with the provisions of Article 225 (4) of the criminal law. The reply made it clear that pyramid selling should be treated as the crime of illegal business operation

the provisions of the Supreme People's Procuratorate and the Ministry of public security on the prosecution standards for economic crimes (hereinafter referred to as the provisions) specifies the amount as the standard for the serious circumstances of the crime of illegal business operation, and the crime of pyramid selling illegal business operation is attributed to Article 5 of the provisions:

other illegal business activities, Suspected of one of the following circumstances:

(1) the amount of personal illegal business is more than 50000 yuan, or the amount of illegal income is more than 10000 yuan

(2) the amount of illegal business of a unit is more than 500000 yuan, or the amount of illegal income is more than 100000 yuan

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6.

The sudden drop is e to various reasons. The first is the policy supervision problem

According to Yingwei financial news, several online reports attributed the decline to market speculation that the US Treasury Department may crack down on money laundering through digital assets. It is understood that US Federal Reserve Chairman Powell recently publicly said that he does not support virtual currencies, and he believes that they are not really actively used for payment

in addition, European Central Bank President Lagarde in January this year aimed at the role of bitcoin in promoting criminal activities, saying that the cryptocurrency has been promoting "interesting business"; The Central Bank of Turkey has issued "Regulations on the prohibition of encrypted assets in payment", announcing that payment with cryptocurrency will be prohibited from April 30. The government also pointed out that cryptocurrency wallets are easy to be stolen, and irreversible transactions are also worrying

in March 2020, the Supreme Court of India rejected the Central Bank of India's 2018 policy of prohibiting banks from participating in cryptocurrency related transactions. This news led to the influx of Indian investors into the cryptocurrency market, but then, the Central Bank of India once again expressed concern about cryptocurrency, and some officials disclosed that India will propose a new bill to ban all cryptocurrencies...

policy regulation has always been the most serious problem facing cryptocurrency, and in addition to that, The CEO of coinbase just mentioned above cashed out 290 million US dollars by selling the company's shares, and the accumulated internal cash out exceeded 4.6 billion US dollars; Alexia Haas, chief financial officer of coinbase, cashed out about $99.32 million at $388.73. All of these actions have caused instry panic

extended information:

there are many advantages. Cryptocurrency is in a bull market recently

in the last two months, cryptocurrency Market has seen a collective rise and prosperity. Take bitcoin as an example. Since it broke through the $50000 mark again in early March, the price of bitcoin has been steadily higher than that level. Bulls even pushed the price up to an all-time high of nearly $65000. Behind this, it is the news that PayPal has entered the field of cryptocurrency, and more importantly, it is the attention of traditional capital

In February this year, JPMorgan Chase, the largest financial services institution in the United States, will launch JPM coin, an encrypted digital currency, to settle payment transactions between customers in real time; Big banks, including Goldman Sachs and Citigroup, are also expanding their services to cryptocurrency

7. Jinan long distance bus station
every hour
bus to Jining
the route is generally Jinan west Expressway
take Jingfu
get off the expressway from Qufu
then to Jining bus station (Jining called South Station)

8. The real economy is in recession