How does Ethereum change into RMB
Now under this condition, those who use RMB to trade are all buying hedging currency with constant value in RMB. USC or usdt
buy USC at the agent, recharge it to the platform, and buy Ethereum at the USC trading area
there is also an off-site method, that is, indivial to indivial purchase, but the price is slightly higher than the exchange price
Usdt is TEDA currency and cannot be converted into RMB Notice on carrying out self inspection and rectification of payment services for illegal virtual currency transactions all Payment institutions within the jurisdiction shall carry out self inspection and rectification, strictly prohibit providing services for virtual currency transactions, and take effective measures to prevent payment channels from being used for virtual currency transactions
TEDA currency is a virtual currency that links cryptocurrency with legal currency US dollar. Each TEDA coin is symbolically associated with government supported legal tender. TEDA currency is a virtual currency kept in the foreign exchange reserve account and supported by legal tender. This method can effectively prevent the price fluctuation of cryptocurrency. Basically, the value of a TEDA currency is equal to US $1
on January 16, 2018, among the top 50 cryptocurrencies in global value, most of the digital virtual cryptocurrencies suffered a sharp drop in price, but the price of TEDA currency rose against the trend. The price of TEDA was $1.04, up 3.23% from the previous day, with a total market value of $1.69 billion. In addition to TEDA, most virtual currencies, including bitcoin, Ethereum, and lightcoin, have experienced sharp declines
extended information:
in 2017, the regulatory authorities issued the notice on preventing the financing risk of token issuance, which clearly pointed out that financial institutions and non bank payment institutions are not allowed to carry out business related to token issuance financing transactions. All financial institutions and non bank payment institutions shall not directly or indirectly provide procts or services such as account opening, registration, trading, clearing and settlement for token issuance and financing and "virtual currency", nor undertake insurance business related to token and "virtual currency" or include token and "virtual currency" into the scope of insurance liability
the Internet Finance Association of China issued the risk tips on preventing ICO activities in disguised form, calling on consumers and investors to recognize the essence of relevant models, enhance risk prevention awareness, invest rationally, and not blindly follow the trend of speculation. Previously, blockchain technology was once sought after by a number of listed companies and the capital market, but it also led to questions about whether it was over hyped and "stepping on the red line"
It is recommended that students who ask questions take a look at this complete development tutorial of Ethereum DAPP for novice blockchain users, including node.js, web3.js, solidness, geth and turffle, which should be helpful:
Ethereum DAPP introctory practical course
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Foreign exchange designated banks, such as Bank of China, instrial and Commercial Bank of China, Agricultural Bank of China and Construction Bank, are approved by the state to operate foreign exchange business. It is illegal to exchange foreign currency outside the designated bank and legal foreign currency exchange point
the foreign currencies convertible in China mainly include: pound, Hong Kong dollar, US dollar, Swiss franc, Singapore dollar, Swedish krona, Danish krona, Norwegian krona, Japanese yen, Canadian dollar, Australian dollar, euro, Macao dollar, Philippine Peso, Thai baht, New Zealand dollar, Korean dollar, etc. In addition, foreign currency is not convertible in our country
therefore, in our daily life, we should be particularly vigilant against some lawless elements peddling some unusable old foreign currencies in the market. For example, the old currencies of Peru, Chile and other Latin American countries in the 1950s and 1960s must not be purchased, so as not to suffer losses P>
expansion data:
foreign exchange notes that are not exchanged in all commercial banks in mainland China, including foreign currencies that are stopped circulating, foreign currencies that are slightly damaged and some foreign currencies in small currencies. In China, there are many small foreign denominations, minor breakages and small currency notes deposited in the Chinese mainland. P>
through the leading domestic independent third party payment platform, Alipay's guarantee transaction function, enables these valuable banknotes to flow back to the issuing country through legal channels, thereby recing the unnecessary loss of foreign exchange. p>
German mark, Austrian shilling, Belgian franc, Luxemburg franc, French franc, Spanish zeta, Irish pound, Dutch guilder, Italian lira, Finnish mark, Portuguese Escudo, Greek drachma and other banknotes stopped circulating in the euro area