Virtual currency purchase mode
according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law
warm tips:
1. The above explanation is for reference only. Before investing, it is suggested that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
2. Investors should not use such information to replace their independent judgment or only make decisions based on such information, which does not constitute any investment operation
response time: February 18, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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ways to purchase digital currency:
at present, digital currency is more like an investment proct. Due to the lack of a strong guarantee institution to maintain its price stability, its role as a measure of value has not yet appeared, nor can it be used as a means of payment. As an investment proct, the development of digital currency is inseparable from trading platforms, operating companies and investors
trading platforms play the role of trading agents, while some play the role of market makers. The profits of these trading platforms come from the current expenses and premium income of investors trading or holding digital currency
1. Investors need to register accounts first, and obtain digital currency accounts and US dollar or other foreign exchange accounts at the same time
2. Users can use the money in their cash account to buy and sell digital currency, just like buying and selling stocks and futures
3. The trading platform will sort the buying and selling requests according to the rules and start matching. If the requirements are met, the transaction will be completed
4. Due to the difference between the trading volume submitted by users, the trading request can be partially executed
take RBM operated by professional operation company opencoin as an example: ripple protocol was originally designed based on payment method, and its design idea was based on acquaintance relationship network and trust chain. Using ripple network for remittance or loan, the premise is that the payee and the payer must be friends or have common friends. Otherwise, the trust chain between users and other users cannot be established, and the transmission cannot be carried out
extended information:
the characteristics of digital currency are as follows:
1, low transaction cost
compared with traditional bank transfer, remittance and other methods, digital currency transaction does not need to pay fees to the third party, and its transaction cost is lower, especially compared with the cross-border payment of high handling charges to payment service providers
2, fast transaction speed
the blockchain technology used in digital currency has the characteristics of decentralization, and it does not need any centralized organization similar to the clearing center to process data, so the transaction processing speed is faster
3, high anonymity
in addition to the physical form of currency can achieve peer-to-peer transactions without intermediary participation, one of the advantages of digital currency compared with other electronic payment methods is that it supports remote peer-to-peer payment, and it does not need any trusted third party as intermediary
both sides of the transaction can complete the transaction in a completely strange situation without mutual trust, so they have higher anonymity and can protect the privacy of the traders, but at the same time, they also create convenience for cyber crime, which is easy to be used by money laundering and other criminal activities
most of the virtual currencies we are talking about are cryptocurrencies represented by bitcoin. The purchase of bitcoin needs to be on the trading platform. You can register an account on the domestic platform and charge RMB to it. Then you can buy bitcoin directly
bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system.
digital currency, especially the digital currency that uses distributed general ledger technology and embeds decentralized payment mechanism, will have a wide range of impacts on the financial market and even the whole economy, which may disintegrate the current business model and system and promote the emergence of new economic interconnects. The potential application of digital currency and distributed general ledger in retail payment services is particularly important, which will lead to new payment business models in e-commerce, cross-border transactions, point-to-point payment and other fields
the problems of digital monetary policy faced by the central bank mainly focus on the application of payment system. If digital currency and distributed general ledger are widely used in the field of large amount transaction, it will also have a significant impact on the central bank's responsibility of supervising the payment system, maintaining financial stability and implementing monetary policy. However, the operation of some digital currencies in recent years shows that it is feasible to use distributed general ledger for point-to-point value exchange in the absence of third-party credit intermediaries. Therefore, the various functions of distributed general ledger technology may improve the efficiency of existing payment services and financial market infrastructure to a certain extent< (1) the impact of digital money on the connotation and manifestation of base money
both digital money and base money are issued by the central bank. The connotation and form of cash in circulation (M0) remain unchanged, while the connotation of narrow money supply (M1) remains unchanged, Its manifestation changes to M1 = M0 + base currency current deposit + digital currency current deposit (refers to the current deposit of enterprises, institutions, groups, troops, schools and other units in the bank); The connotation of broad money supply (M2) has not changed, and its form of expression has changed to M2 = M1 + (fixed deposit of unit base currency + fixed deposit of unit digital currency) + (savings deposit of indivial base currency + savings deposit of indivial digital currency) + (guarantee deposit of security customer's base currency + security deposit of security customer's digital currency)
the difference between M2 and M1, that is, the sum of fixed deposit of a unit and savings deposit of an indivial, is usually called quasi currency. In the case of long-term coexistence of digital currency and base currency, a part of current deposits in M1 will be converted into cash in base currency at any time and converted into M0, and a part of current deposits in digital currency will also be converted into digital currency. Therefore, to study the influence of digital currency on base money supply, we should fully consider the variable factors in M1, not just look at M0 data, Reference to M1 variable data< (2) the influence of the constraints of digital money on the supply and demand of base money
1. The influence factors of digital money supply
1. The diversity of fragmentation will hinder the critical quality of payment network. At present, there are more than 600 kinds of digital currencies in circulation around the world. There are different processing and confirmation protocols and supply methods, which may hinder the quality of payment network. Therefore, China's digital currency will also proce fragments, affecting the quality of the payment network
Second, the expansion and efficiency of digital currency are not high. At present, the scale and acceptance of digital currency in the world are limited, and the order of magnitude of digital currency settlement transaction is relatively low. Third, non real name transactions affect the scope of transactions. Although the digital currency scheme allows transactions not to disclose personal information or sensitive payment documents, violations may occur. The non real name system of e-money may affect the willingness of many traders, because non real name is easy to be used by criminals for money laundering or terrorist financing activities.