International digital currency hedging transactions
According to the announcement on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China
on September 4, 2017, the central bank and other seven ministries and commissions jointly issued the "notice on preventing the financing risk of token issuance", which pointed out that any so-called token financing trading platform shall not engage in the exchange business between legal tender and token and "virtual currency", and shall not buy or sell tokens or "virtual currency" as a central counter party, It is not allowed to provide pricing, information intermediary and other services for token or "virtual currency"
on November 13, 2019, the Beijing Municipal Bureau of Local Financial Supervision issued the "risk tips on unauthorized business activities of branches of trading places" which pointed out: "if there are branches of foreign trading places (mainly financial assets exchange) carrying out business activities in Beijing, it is illegal business activities."
extended data
digital currency may breed many illegal behaviors, such as exchange or one of the fields where illegal behaviors occur. The exchange may manipulate the stability of digital currency value, but the stability of currency value is closely related to the risk of financial system. If the fluctuation of currency value is manipulated artificially, it may bring bad capital flow and affect the security of national financial system
from the perspective of financial stability, strengthening the supervision of exchanges is concive to maintaining the stability of financial order. Due to a large amount of capital flowing into the exchange, under the influence of businessmen pursuing profits, it is likely to cause the behavior of ICO in the currency circle, resulting in the lack of necessary support for the technology research and development of the chain circle. In order to regulate the market, it is necessary for the relevant departments to strengthen the supervision of the exchange
To solve the following problems, the elimination of paper currency is not a problem:
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the security of digital currency. Including the use of security and value-added security
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the circulation of digital currency. The digital currency circulation security and supervision of enterprises and indivials in various countries
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blockchain and integration of digital currency. Digital currency should be hedged, derived, prevented and traded with each other in the form of currency exchange rate of similar countries
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whether economic globalization has been successfully replaced by digital currency globalization
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solve the financial operation of digital currency and commodity futures, trade and so on, and whether there is a common digital currency as the benchmark currency in the global circulation. For example, the role of the US dollar as an international currency
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whether e-commerce is popular enough. There are more comprehensive electronic transactions, digital currency trading terminal is the foundation of everything< br />