Domestic digital currency OTC

1.

It is illegal to buy and sell digital currency in China

according to the announcement on preventing the financing risk of token issuance jointly issued by the central bank and other seven ministries and commissions, the announcement points out that any so-called token financing trading platform shall not engage in the exchange business between legal currency and token and "virtual currency", and shall not buy or sell tokens or "virtual currency" as the central counterparties, It is not allowed to provide pricing, information intermediary and other services for token or "virtual currency"

the announcement points out that token issuance financing refers to the so-called "virtual currency" raised from investors through illegal sale and circulation of tokens. In essence, it is an unauthorized illegal public financing behavior, suspected of illegal sale of token tickets, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities

extended information:

the central bank said that the so-called "digital currency" in the market is not legal digital currency:

the central bank's monetary Bureau issued a "risk warning on issuing or promoting digital currency in the name of the people's Bank of China" on its official website, saying that recently, indivial enterprises falsely use the name of the central bank, The relevant digital procts are labeled as "authorized issuance by the people's Bank of China", or the central bank's digital currency promotion team is falsely claimed, in an attempt to deceive the public and take the opportunity to make huge profits

the central bank said that the central bank has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency. The central bank also suggested that the so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud

in fact, virtual currencies such as bitcoin and lightcoin are representatives of the so-called digital currency. The central bank said in 2016 that it was studying China's legal digital currency. Yao Qian, director of the digital currency Research Institute of the people's Bank of China, previously told the media that the prototype scheme for the central bank to issue legal digital currency has completed two rounds of revision, and is expected to be tested in relatively closed application scenarios such as the bill market in the future, but there is no clear timetable for its launch

2. As far as I know, it's Zhongyuan. Zhongyuan was founded in June 2013. It's the earliest of the four major exchanges in China, including Zhongyuan, okex, Huoyuan and Yuanan. It's even earlier than Huoyuan, which was founded in 2013. I hope it can help you

3. Yesterday, when selling coins in Huo coin OTC, almost all businesses will card you for 20 minutes without paying. During this period, it's useless for you to urge. They will wait and see the price. If the price falls, they will cancel the order, and you will lose your life. Because they can cancel 60 times a month and kill you. When the price goes up, I will pay you at the last moment and urge you to release the money. Anyway, the rules are rubbish, and your complaints are useless. Customer service are all fake feedback. They are all clear about the situation, and they don't know if there is any good solution. From the night to the morning, I changed four businesses, and the front V-belt businesses didn't sell. I also served this garbage platform.

4. OTC refers to digital currency. The top ranking platforms can be used, such as celletf (celletf. IO). I hope it can help you.

5. It depends on what kind of exchange it is. There is no problem with the big ones, such as the coin net in the fire coin net. It is suggested to be careful with some small platforms. If satisfied, please accept

6. You can visit Huasheng Tiancheng.

7. It should be said that it is based on Ethereum's deionization and automatic trading platform.

8.

There is no centralized trading place. Buyers and sellers are scattered all over the country. The business is mainly carried out through telephone and computer systems. The trading objects are mainly unlisted securities, and some listed securities are traded over the counter. There are more bond transactions, including all government bonds and some large corporate bonds, as well as some stocks, especially those of the financial instry and insurance companies

there are many forms of this transaction mode, and different content procts can be designed according to the different needs of each user. At the same time, in order to meet the specific requirements of customers, financial institutions selling derivatives need to have superb financial technology and risk management capabilities. Over the counter trading constantly proces financial innovation

however, since the clearing of each transaction is carried out by both sides of the transaction, the transaction participants are limited to customers with high credit. Swap transaction and forward transaction are representative derivatives of over-the-counter transaction

extended materials

in foreign countries, the participants in the OTC market are mainly securities dealers and investors. Securities firms participating in OTC trading include:

1. Member securities firms, that is, members of the stock exchange set up institutions to operate OTC trading business

Non member securities firms, or over-the-counter securities firms, are not members of the stock exchange, but have been approved to set up securities business institutions to deal in unlisted securities and bonds

(3) securities underwriters are financial institutions that specialize in underwriting newly issued securities. In some countries, newly issued securities are mainly sold in the OTC market

(4) securities dealers who are specialized in buying and selling government bonds, local government bonds and bonds of local public organizations, etc