Ban on digital currency advertising
It's illegal
the central bank indicated that it 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
In addition, 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 
extended information:
virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. This kind of virtual currency is mainly limited to circulation in a specific virtual environment. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency
in 2013, the central bank, together with five ministries and commissions, issued the notice on prevention of bitcoin risks, which clearly defined non legal digital currencies such as bitcoin as virtual commodities, which do not exist in the form of currency and legal currency
specifically, why can we use the Internet
the announcement of the central bank and other seven ministries and commissions on preventing the financing risk of token issuance is very clear
Recently, the price of global crypto digital currency is quite unstable. Bitcoin has fallen below US $7000 from its peak of US $20000 at the end of last year, and soared by more than 11% in one day. There are huge fluctuations in the market, and there are many differences in the attitudes of countries towards digital currency. Some announced that they would issue the world's first sovereign legal digital currency, showing a "strong support" attitude, and more countries carefully observed and focused on research and guidance
the existing monetary and financial system is not a natural evolution, but an inevitable result of legal restrictions or government regulation. Although cryptocurrency has many defects, it is also a valuable experiment, especially in the exploration of super sovereign currency. Different from precious metal currency and credit currency, they are oriented to the exploration of "transaction benchmark consensus" in the data age. Of course, if it is affected by too much price fluctuation, speculation, deflation restrictions, etc., and the payment function of crypto digital currency can not be truly implemented, it can only be further and further away from the "currency experiment", or become a special basic "digital asset", or a flash in the pan in the long history
still want to cancel virtual currency< br />
Digital currency appears and has more and more influence, but it is impossible for digital currency to become a unified currency and replace paper currency unless governments unite, because it is a conflict between national interests{ RRRRR}
we assume that one day digital currency will be unified, and it can become a good medium for intermediate exchange, avoiding the risk of foreign exchange filtering. Of course, it stabilizes the international financial system and avoids the huge losses of buyers and sellers caused by foreign exchange fluctuations, which is of great benefit to the development of international trade, but the disadvantage is that, Whether this thing is reliable or not depends on time. not all countries recognize this thing. If people don't recognize this currency, they won't trade with you. This is also possible
Since the advent of bitcoin, it is very likely that no quarter has performed as badly as the first quarter of this year
according to the website coinmarketcap, which tracks the price and market value of several digital currency exchanges, the trading price of bitcoin has dropped from above $14000 on January 1 to less than $6900 as of the time of issue, with a decline of more than 50%, and the market value has dropped from nearly $239 billion to about $115.5 billion
In fact, bitcoin is only the epitome of the overall performance of digital currency. After the closing of the last trading day of U.S. stocks in this quarter, an article on Wall Street on the morning of the 30th mentioned that the performance of digital currency in the first quarter was the worst in history, and bitcoin fell below the 200 day moving averagejust at 6 a.m. Beijing time on the 30th, bitcoin also fell below the $7000 level. When it fell below $7500 on the evening of the 29th, Wall Street mentioned that some analysts pointed out that bitcoin was close to the "death cross", that is, the 50 day moving average was close to lower than the 200 day moving average. From a technical point of view, this often means that the asset will go down further
in addition, negative factors such as regulation also put pressure on bitcoin and other digital currencies. For example, when bitcoin fell below $8000 two weeks ago, Wall Street heard that the media said that the US Securities Regulatory Commission issued subpoenas and concted investigations on digital currency hedge funds, and Google announced the ban on ICO and other digital currency advertisements
Coincidentally, in the early morning of the 30th, it was also reported that LinkedIn, a professional social network, will start to ban digital currency advertisements such as ICOhowever, from a technical point of view, some people say that the situation of bitcoin is not so bad
Brian Kelly, a trader atfast money, believes that if the support line can continue to play a supporting role, the upward trend since last August has not actually changed
Forbes columnist Frank Holmes said that, just like the financial assets such as the U.S. stock market, bitcoin is bound to have a strong recovery after a big drop
The Chinese government has banned the circulation of bitcoin on all platforms, closed all platforms for trading bitcoin, and regarded bitcoin as a haven for criminal activities such as money laundering
In addition, bitcoin will eliminate the role of middleman in the near future& mdash; As a result, no institution or government can control or monopolize this decentralized currencythe transaction of bitcoin is completed in a direct way, without any financial intermediary, that is to say, bitcoin can complete the transaction directly between the buyer and the seller, without the need for a third party or other traditional banknotes as an intermediary. Therefore, bitcoin will pose a major threat to the banking system{ RRRRR}
based on two characteristics, the Chinese government allows the exploitation of bitcoin. According to a report released by bitooda, a professional cryptocurrency company, China has become the world's fertile ground for cryptocurrency mining, which accounts for more than 50% of the world's total mining
it is reported that the value of a bitcoin is currently equivalent to US $31000, which means that China has made huge profits from mining. Therefore, it can be said that the Chinese government is treating bitcoin in a way that is in line with its national interests, while protecting the digital RMB from any competitors. This shows that China is full of wisdom and rationality when dealing with bitcoin, and makes it in line with national interests
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