Boao Forum 2018 on virtual currency

1.

1、 Different definitions:

1. virtual currency:

virtual currency refers to non real currency

digital currency:

digital currency is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

3. Cryptocurrency:

cryptocurrency is a kind of transaction medium that uses cryptography principles to ensure transaction security and control the creation of transaction units

4. Token (token):

a kind of article whose shape and size are similar to currency, but the scope of use is limited and has no currency effect, and its token is the homonym of token in English

Second, the characteristics are different:

1; It can also be said that virtual currency is personalized currency. In another way, it can also be called information currency

2. Digital currency:

is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities

Cryptocurrency:

cryptocurrency is based on the decentralized consensus mechanism, which is opposite to the banking and financial system relying on the centralized regulatory system

4. Token (token):

usually needs to be exchanged for money, used in shops, playgrounds, mass transportation and other places, as a voucher to use services and exchange goods

extended data

at present, digital currency is more like an investment proct, because it lacks a strong guarantee agency to maintain its price stability, and its role as a value measure has not yet appeared, so it can not be used as a means of payment. As an investment proct, digital currency cannot develop without trading platform, operating company and investment company

digital currency is a double-edged sword. On the one hand, the blockchain technology it relies on has been decentralized and can be used in other fields except digital currency, which is one of the reasons why bitcoin is popular; On the other hand, if digital currency is widely used by the public as a kind of currency, it will have a huge impact on the effectiveness of monetary policy, financial infrastructure, financial market and financial stability

2. In the notice on preventing bitcoin risk issued by the central bank and other five ministries and commissions at the end of 2013, bitcoin is clearly defined as a special Internet commodity, and people can buy and sell freely at their own risk, denying its monetary attribute. All financial institutions are not allowed to provide bitcoin related services. Bitcoin related websites must be put on record and require users to carry out real name authentication. Zhou Xiaochuan, central bank governor, said in an interview that bitcoin is a tradable asset like a stamp

in a word, virtual currency represented by bitcoin is legal in China, but the government takes a cold attitude towards virtual currency, which is neither positive nor negative. Most of the major countries in the world also adopt a cold attitude towards virtual currency

since 2015, the popular virtual currencies are bitcoin, Laite coin, Fuyuan coin, doggy coin, reborn coin and so on

it is possible, but at present, the government has not banned it

bitcoin and other virtual currencies exist legally in China. In the 2013 bitcoin risk notice, the central bank and other five ministries and commissions clearly defined bitcoin as a special Internet commodity. People can buy and sell it freely at their own risk. Financial institutions do not have to provide bitcoin related services, denying its monetary attribute. Zhou Xiaochuan, the governor of the central bank, compares bitcoin to a tradable asset like a stamp< Most of the major countries in the world take a cold attitude towards virtual currency. There are several possibilities for countries to ban virtual currency:

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2. The well-known weaknesses and defects of virtual currency can not be overcome in a certain period of time
3. The government can't stand the use of virtual currency in money laundering and other illegal activities

since 2013, the popular virtual currencies are bitcoin, Fuyuan coin, Laite coin, doggy coin, Ruibo coin, Yuanbao coin and so on<

Zhou Xiaochuan, governor of the central bank, said at the Boao Forum for Asia that virtual currency is not a currency approved by the central bank and can not be banned. Since digital currency is not the currency initiated and approved by the central bank, it can not be banned. Digital currency belongs to digital assets, which can be freely traded between indivials. Therefore, digital currency is not MLM, not capital disk, but a kind of financial investment

in fact, the central bank has been studying digital currency for a long time. From the perspective of historical development trend, money has always evolved with the development of technological progress and economic activities. From the early physical money, commodity money to the later credit money, it is a natural choice to adapt to the development of human commercial society. As the currency of the previous generation, paper money has low technology content. From the perspective of safety and cost, it is the general trend to be replaced by new technology and new procts. In particular, with the development of the Internet and the great changes in payment methods all over the world, the establishment of digital currency issuance and circulation system is very necessary for the construction of financial infrastructure and the promotion of economic quality, efficiency and upgrading

does China recognize virtual currency_****** In the notice on bitcoin risk prevention issued by the central bank and other five ministries and commissions at the end of 2013, bitcoin was clearly defined as a special Internet commodity. People can buy and sell bitcoin freely at their own risk, denying its monetary attribute. Financial institutions are not allowed to provide services related to bitcoin, and bitcoin related websites must be put on record, In a word, the virtual currency represented by bitcoin is legal in China, but the government takes a cold attitude towards it, Most of the major countries in the world also adopt a cold attitude towards virtual currency. Since 2015, the popular virtual currencies include bitcoin, Wright coin, Fuyuan coin, doggy coin, Ruibo coin, etc.

Why do not countries ban virtual currency; In other words, what is the connection and difference between the value represented by virtual currency and the value represented by general currency? 3. In view of the depth of the background of the problem, we need to stand higher in the starting point of the research. Currency is a problem in the category of modernity, The problem of virtual currency is the problem of postmodernism. They do not share the same basic paradigm. It is the difference of paradigm, not virtual phenomenon, that leads to the difference between them.

why does China not stop virtual currency_****** As a new thing, virtual currency has its progressive side. One of China's attitudes towards new things is that the law does not prohibit it. However, if virtual currency poses a threat to the existing financial system, the government will take action, What follows is the public...

which countries recognize the legitimacy of virtual currency_****** At present, Japan has recognized bitcoin as legal

is virtual currency recognized by the state_****** No, because it involves money laundering, easy to crash and other factors. Although bitcoin, the most famous virtual currency, can not be said to be suppressed, there are very few transactions between physical objects and virtual currency abroad, and its prospect still remains to be seen, The pure pyramid structure will not be recognized by the state.

is there any policy in China to prohibit the trading of virtual currency****** At the end of 2013, the central bank and other five ministries and commissions jointly issued a bitcoin risk notice, in which bitcoin is clearly defined as a special Internet commodity, and people can buy and sell freely at their own risk, denying its monetary attribute, In an interview with the Boao Forum, President Yang Xiaochuan compared bitcoin to a tradable asset like a stamp, and the central bank has no right to ban it. Since 2013, popular virtual currencies include bitcoin, Leyte, Fuyuan, doggy, etc Is China's virtual currency legal_****** Virtual currency can trade bitcoin, Leyte and ether on chinacoin.com.

is virtual currency illegal in China_****** Virtual currency exists legally in China, but it is illegal to engage in illegal activities by using virtual currency. The notice on preventing bitcoin risks issued by the people's Bank of China and other five ministries and commissions defines the nature of bitcoin, believing that bitcoin is not issued by the monetary authority and has no monetary attributes such as legal compensation and compulsion, Not really...

will China ban all virtual currency commercial transactions? Will virtual currency be banned_****** How to buy and sell virtual currency after China forbids virtual currency trading

how does the state treat virtual currency in 2017****** At present, there is no official recognition of the value of virtual currency in China, but only in some areas suspected of causing actual harm to society, some recognize its existence value

3. Zhou Xiaochuan, the governor of the central bank, said at the Boao Forum for Asia that virtual currency is not a currency approved by the central bank and can not be banned. Since digital currency is not the currency initiated and approved by the central bank, it can not be banned. Digital currency belongs to digital assets, which can be freely traded between indivials. Therefore, digital currency is not MLM, not capital disk, but a kind of financial investment.

4. In China, no company that issues virtual currency has been granted policy permission. China has a laissez faire attitude towards virtual currency. The following is China's position on virtual currency:

Zhou Xiaochuan, governor of the central bank, said at last year's Boao Forum that bitcoin, like stamps collected by stamp collectors, has collection value, and people regard it as an asset to trade rather than a payment currency, so there is no question of banning it for the central bank. This is also the only time central bank governor Zhou Xiaochuan has made a statement on the currency

in the bitcoin risk notice issued by the central bank and other five ministries and commissions at the end of 2013, bitcoin was clearly defined as a special Internet commodity, which people can buy and sell freely under the premise of free but risk, denying its monetary attribute. At this stage, all financial hooks are not allowed to provide bitcoin related services

since 2013, the popular virtual currencies are bitcoin, Fuyuan coin, Laite coin, doggy coin and so on.

5. In short, blockchain is an anti cheating system in digital currency. Just like the anti cheating system in the game, the functions are almost the same
nowadays, many swindlers use the concept of district fast chain to hype, and then pull investment to cheat money. I really don't know what's the use of these people investing in an anti cheating system, which doesn't generate value.

6. Bai Yansong has not evaluated any kind of virtual currency, and this information is estimated to be fabricated by some people with ulterior motives
Zhou Xiaochuan, the governor of the people's Bank of China, commented on bitcoin. At a Boao Forum, he compared bitcoin to a tradable asset like a stamp, which is not issued by the central bank. The central bank has no right to ban bitcoin
in China, virtual currency is defined as commodity, not currency, and cannot be used for payment. But let's have digital currencies like gold cards trying to pay overseas, and currencies like Ruitai trying to mortgage assets.

7. Because the State Administration of radio, film and television has sealed BT, many BT websites have been closed

and there will be no BT in the future

so all websites are in vain

8.

On the morning of May 28, a special actor played Mao Zedong to participate in the 2018 Boao Asian blockchain forum. The video was forwarded in the circle of friends. In his speech, the actor said, "I thank you in the name of Mao Zedong.". According to the information of the organizer, the organizing committee includes panda capital and other investment institutions, and the activity is supported by Martian finance and other blockchain media. Beijing News reporter learned that panda capital and Mars finance and economics issued clarification statements afterwards, saying that they did not participate in the activities or cooperate with the forum. At the same time, the Organizing Committee announced that the actor's speech does not represent the organizing committee, but is only a part of the performance

according to the notice on prohibiting the use of the image of Party and state leaders for commercial promotion issued by the State Administration for Instry and commerce, it is prohibited to use and display the image and inscription of Party and state leaders (including those who have left or died) on commodities and their packages, as well as any form of expression involving the name of Party and state leaders; It is forbidden for enterprises to use the name and image of the party and state leaders to carry out any form of commercial propaganda and promotion activities. They are not allowed to use the images and inscriptions of the party and state leaders (including those who have left or died), or use special actors to promote procts or services with the image of the leaders

content source: Beijing News

9. From April 18 to 21, the Boao Forum for Asia 2021 annual meeting was held at the Boao Forum for Asia International Conference Center in Hainan. During the meeting, Li Bo, vice president of the people's Bank of China, held a speech at the Boao Forum for Asia & lt; Digital payment and digital currency; When making a video speech at the sub forum, he talked about the supervision of bitcoin and stable currency, and made a clear definition of bitcoin; Bitcoin is an encrypted asset and an investment option. It is not a currency, but an alternative investment& rdquo; He believes that encryption assets may play a major role in the future as an investment tool or alternative investment. As an investment tool, many countries, including China, are studying its regulatory environment

The cross-border payment of digital currency is not an easy task. The cross-border payment of digital currency is not only a technical problem. Each country has its own macro-control needs. It is necessary to ensure the independence of monetary policy and do a good job in anti money laundering and anti-terrorism financing. In addition, the exchange rate system of each country is not the same. We should also respect the monetary sovereignty of central banks, not pursue a particular currency; To rule the world;. It is necessary to build a healthy ecosystem and form a special payment corridor in order to control the possible impact of the pilot project within a controllable range, or slow down its possible impact. As far as the specific implementation methods are concerned, there are three ways in the meeting. One is to make different central bank digital currencies compatible with each other, that is to say, different systems can be connected; One is to establish some interconnection lines to create a more closed-loop system. Different central bank digital currencies can establish seamless connection through different interfaces and interfaces; There is also a most radical approach, that is, to create an integrated system to accommodate different central banks' digital currencies and put them into the same operational framework

However, in the future, digital currency and cash will be in parallel and graally replaced for a long time. When the era of digital currency really comes, people will carry less and less cash, travel more and more safe, poverty alleviation more and more accurate, corruption more and more difficult to escape, and thieves more and more difficult

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some will, some won't, but if you're really afraid, you'd better change the password or something< br />