International digital currency transaction

2. There's nothing illegal! Some foreign countries are reasonable and legal existence, and domestic countries only give a certain digital currency legal existence, that is, the central bank digital currency!

3. Generally, the ranking is not reliable for two reasons:

1. Trading volume. Bitwise and Bti reports show that most of the trading volume of the head exchanges is water injection or "washing volume". Domestic exchanges are more serious, and even some exchanges have washing volume as high as 90%. Specifically, I don't guide public opinion and have no interests. You can search by yourself according to the above keywords. There are a lot of news< 2. Advertising strategy of ranking platform. At first glance, you may feel fair and beautiful, but where you don't easily pay attention, the operation of these platforms is very sneaky. For example, if you look at the second page of some ranking platforms (because you only pay attention to the first page, and the second page will not turn), all kinds of ghosts and ghosts are on it, and the weak trading volume is also on it. It's a shop bully. So we still have to clean our eyes

how to choose? Move back the priority of trading volume in your mind, and see what negative comments the exchange has, what controversial currencies are on it, and what functions you want to try. Just sort them out by yourself.

4.

Basic routine: the "trading market" of MLM digital currency is basically controlled by specific institutions. In order to attract investors' investment in the early stage, the currency price may be very high. Once the time is ripe, it will be sold intensively, and the price will plummet, and the investors will lose all their money

There are three characteristics of digital money MLM:

1. Digital money is a real proct, and it is highly packaged

2. The participants can get a head pulling reward, and the prize is the digital currency itself

3. Digital currency will appreciate with the increase of participants in the scam. In the cycle of digital currency appreciation, the number of participants who can obtain digital currency will also increase, and the participants, including the lowest level participants, will also gain, but in the cycle of devaluation, the bottom level participants often lose a lot

in 2017, the Internet Finance Association of Jiangsu Province issued the "internet pyramid selling identification guide", which named 26 so-called digital currencies as illegal pyramid selling projects covered or suspected to be covered with digital currency. They are: treasure money, Baichuan money, SMI, MBI, mark money, Diablo money, mmm, Fuda compound wealth management, carat money, V treasure, Vicat money, petroleum money, Huaqiang money, CB aiib Hong Kong Group, Yuansheng, Morgan money, beta money, WorldCom, u money, Jubao, 21st century fox, Wanxi wealth management, Wanfu money, Wuxing money, Yi money, Zhonghua money, etc

extended materials:

five ways to distinguish whether digital currency is pyramid selling currency:

1. Issuance mode

virtual currency does not rely on specific monetary institutions. It is proced by a large number of calculations according to specific algorithms, and is a decentralized issuance mode. Each different terminal node is responsible for maintaining the same account book, and the maintenance process is mainly to package and encrypt the transaction information by the algorithm, while the MLM currency is mainly issued by a certain organization, and the profit is made by pulling the head

2. Transaction mode

virtual currency is a kind of sporadic transaction spontaneously formed in the market, which is graally completed by a third party establishing an exchange after the scale is formed. The MLM currency is issued by an institution and traded on its own platform

3. Implementation method

virtual currency itself is an open source program, which is maintained in GitHub community. The parameters and methods of the total amount limit are shown in the open source code. The open source of MLM currency is completely ing other people's open source code, and there is no use of open source code to build programs, so its essence is controlled by the website like Q currency

4, whether to give the source code link

General decentralized digital currency will give the source code link in the prominent position of the official website, so as to show the operation mechanism of the monetary system openly and transparently. The MLM currency focuses on the transaction process of recharge purchase, but does not mention its operation mechanism. Even the website does not have the link address of the source code

5, whether the official website starts with HTTPS

generally, the addresses of the official website and trading website of decentralized digital currency start with HTTPS, and the purpose is that this kind of website can well protect the user's data from illegal theft. But the official website of MLM currency, trading website and other related websites do not start with HTTPS

5. What trading platform can make you profit? Also clearly given how much profit, nine times out of ten is deceptive, their own consider it.

6. To say whether the trading platform is reliable or not, it mainly depends on whether the platform is stable or not. After all, the mode of virtual currency trading is bullish or bearish. A little fluctuation in the market may be an opportunity for trading, and the accuracy of the data and the speed of trading are very important. Many people say that the transaction speed of realm kingdom can be completed within 0.1 seconds. The landlord might as well go to find out whether it is true.

7.

China does not recognize digital currency, and all transactions related to digital currency are not legal. But it does not mean that investment is illegal. The concept of "not legal" here means that your transaction is not protected by law. Once the platform roll money away, then the loss is not protected by law

if digital currency is widely accepted and can play the role of currency, it will weaken the effectiveness of monetary policy and bring difficulties to policy-making. Because digital currency issuers are usually unregulated third parties, money is created outside the banking system, and the amount of circulation depends entirely on the wishes of the issuers

as a result, the money supply is unstable, and the authorities are unable to monitor the issuance and circulation of digital currency, resulting in the inability to accurately judge the economic operation, which will bring trouble to policy-making, and weaken the effectiveness of policy transmission and implementation

extended materials:

features:

low transaction cost: compared with traditional bank transfer, remittance and other methods, digital currency transaction does not need to pay fees to third parties, and its transaction cost is lower, especially compared with cross-border payment which provides high handling charges to payment service providers

fast transaction speed: the blockchain technology used in digital currency has the characteristics of decentralization, and it does not need any centralized organization similar to the clearing center to process data, so the transaction processing speed is faster

8. It's a fraud platform. I've reported it on the official website of the Ministry of public security! Everyone who has been cheated should report to the police!