Is Ethereum gambling illegal

1.

It is illegal to issue virtual currency privately

According to Article 29 of the regulations of the people's Republic of China on the administration of RMB, no unit or indivial is allowed to print or sell token tickets to replace RMB in circulation on the market

In addition, the "emergency notice of the State Council Office for rectifying unhealthy tendencies in the instry, the State Economic and Trade Commission and the people's Bank of China on prohibiting the issuance and use of various token certificates (cards)" also strictly prohibited similar issues

extended data

virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, q-coin of Tencent company, q-point and voucher of Shanda company, micro currency launched by Sina (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver grain (used for bixue Qingtian game), and popular digital currencies in 2013 include bitcoin, Laite coin, infinite coin, quark coin, zeta coin, etc Barbecue coins, pennies (Internet), invisible gold bars, red coins, prime coins. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"

market formation

the Internet has led to the emergence of a new market, which is a virtual market based on cyberspace. The Internet provides a lot of communication places for consumers, and also provides business market for enterprises. Enterprises must change from proct centered to service centered to customer centered. With the development of computer artificial intelligence technology and database technology, enterprises can conveniently collect customers' information, understand customers' needs in time, change business strategies and grasp economic arteries in real time

With the rapid development of computer and network communication technology, the application of Internet technology has graally penetrated into various fields of human activities, and the unlimited business opportunities that it contains make businesses turn their eyes to e-commerce. E-commerce is penetrating into all aspects of social and economic life at a speed that people can hardly imagine

the traditional finance is also closely watching this irresistible trend of global economic integration and networking. As a result, value-added services take art as the selling point and can be regarded as commodities; The sword in the game is not a brand-new financial services business philosophy - e-finance came into being

from the historical development process, to understand e-finance, we must start from the electronic finance and e-commerce. The so-called e-financialization means that financial enterprises adopt modern communication, computer, network and other information technology means in addition to Internet technology to improve the work efficiency of traditional financial service business, rece operating costs, realize the automation of financial business processing, informatization of financial enterprise management and scientific decision-making, and provide customers with faster and more convenient services, And then enhance the financial enterprise is the behavior of market competitive advantage

e-finance is a transcendence of financial electronization. Different from the electronic finance, the main technical basis of e-finance operation is the increasingly perfect Internet technology. Due to the characteristics of global connectivity, openness, quickness and low marginal cost of Internet technology, e-finance strengthens the restructuring and innovation of financial services business based on Internet technology, so that customers are free from the restrictions of business hours and places, and enjoy all kinds of high-quality and low-cost services provided by financial enterprises anytime and anywhere

with the development of Internet, the form of money is becoming more virtual, and there is an electronic money that only exists in the form of electronic signal

reference source: Network: virtual currency

2. At present, there is no objection to indivials holding cryptocurrency in China, but it is not allowed to trade or exchange in kind, that is to say, it is allowed to hold but not to circulate

3.

It does not belong to MLM

Ethereum is an open source public blockchain platform with smart contract function, which provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum

the concept of Ethereum was first proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, to the effect of "next generation cryptocurrency and decentralized application platform", and began to develop through crowdfunding in 2014. The market value of Ethernet currency is second only to bitcoin, and it is the second largest encrypted digital currency in the world

extended data

bitcoin has created the first decentralized cryptocurrency, and has fully tested the feasibility and security of blockchain technology in more than five years. In fact, bitcoin's blockchain is a set of distributed database. If a symbol bitcoin is added into it and a set of protocol is specified, the symbol can be transferred safely on the database without trusting a third party. The combination of these features perfectly constructs a currency transmission system bitcoin network

however, bitcoin is not perfect, and the scalability of the protocol is a deficiency. For example, there is only one symbol in the bitcoin Network - bitcoin, and users can't customize other symbols. These symbols can represent the company's stocks or debt certificates, which will lose some functions

In addition, a stack based scripting language is used in bitcoin protocol. Although this language has some flexibility to realize functions such as multi signature, it is not enough to build more advanced applications, such as decentralized exchanges. Ethereum is designed to solve the problem of insufficient scalability of bitcoin

4. Drumming flowers, Ponzi scheme. The central bank has issued digital currency. Do you think these are reliable. Illegal on the black market!

5.

Bitcoin is not gambling

At present, Atari will launch an encrypted casino in the Ethereum based virtual world

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Atari, the game company behind the iconic Pacman, asterioids and Pong, will cooperate with decentral games to develop an encrypted currency casino

according to a press release shared with coindesk on Monday, Atari casino will be built in Vegas City, the game area of the virtual space in Ethereum's decentraland, and will be leased for the first two years

in the virtual world, players live in the avatar's body when interacting with the digital world or "meta world". Decentral games, a part of decentraland ecosystem, claims to be the first community-owned Yuanjie cryptocurrency casino

according to the press release, token holders of DG will also be able to use them to participate in governance and company related decisions

"by working with decentral games, we can transfer Atari's game experience to the blockchain," Atari CEO Frederic Chesnais said in the announcement

Decentraland is supported by digital currency group, the parent company of coindesk

6. There must be fraud in digital currency investment. It's better to find formal institutions to invest, and don't trust high returns.

7.

There are the following four cases in the amount determination:

1. Organizing more than three people to gamble, and the accumulated amount of profit from taking a lottery is more than 5000 yuan

2. Organizing more than three people to gamble, and the total amount of gambling money is more than 50000 yuan

3. Organize more than 3 people to gamble, and the total number of participants is more than 20

4. Organizing more than 10 citizens of the people's Republic of China to gamble abroad to collect kickbacks and introction fees

the minimum penalty for gambling is six months' imprisonment

legal basis:

Article 303 of the criminal law of the people's Republic of China who, for the purpose of making profits, gathers people to gamble or takes gambling as a business shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance and shall also be fined. Those who open casinos shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance and shall also be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years and shall also be fined

Article 1 of the interpretation of the Supreme People's court and the Supreme People's Procuratorate on the specific application of law in handling gambling criminal cases is for the purpose of making profits, and it is stipulated in Article 303 of the criminal law in any of the following circumstances; Gathering people to gamble

(1) organizing more than three people to gamble, and the accumulated amount of profits from taking a lottery is more than 5000 yuan

(2) organizing more than three people to gamble, and the accumulated amount of gambling capital is more than 50000 yuan

(3) organizing more than 3 people to gamble, and the total number of participants is more than 20

(4) organizing more than 10 citizens of the people's Republic of China to gamble abroad to collect kickbacks and introction fees

extended information:

there are three kinds of behaviors that constitute gambling crime:

(1) gathering people to gamble, that is, providing casinos and gambling equipment for gambling activities, organizing and attracting others to participate in gambling, and taking advantage of them. When gathering people to gamble, some of the actors take part in gambling themselves, while others do not take part in gambling themselves, but they all belong to the situation of gathering people to gamble

(2) to set up a gambling house, that is to say, for the purpose of making profits, to provide a place for gambling, to set up a way of gambling, to provide gambling equipment, chips, funds, etc

(3) gambling as a business, that is, gambling as a regular business, gambling income as the main source of livelihood or the main source of profligacy. As long as for the purpose of making profits, it is a gambling crime to carry out one of the above behaviors of gathering people to gamble, opening a gambling house or taking gambling as a business. Whoever commits the crime of gambling shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance and shall also be fined

in the implementation, we should pay attention to distinguish the boundaries between gambling crimes and general gambling violations. In the determination of gambling crime, the actor's subjective purpose is to make profits, and objectively has the behavior of gathering people to gamble, opening casinos or taking gambling as a business. The two conditions must be met at the same time. Those who take part in gambling for many times but do not take it as the main source of life or extravagance, or those who provide places and gambling tools but do not profit from them, shall not be punished as crimes and may be punished according to law