Virtual currency fund settlement business

1.

The investment risk of virtual currency is high, and the transaction of virtual currency has been banned in China

strengthen the management of token financing trading platform according to Article 3 of the notice on preventing the financing risk of token issuance. From the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal tender and token and "virtual currency", nor buy or sell token or "virtual currency" as a central counterpart, nor provide pricing, information intermediary and other services for token or "virtual currency"

for the token financing trading platform with illegal problems, the financial management department will request the competent department of telecommunications to close its website platform and mobile app according to law, request the network information department to remove the mobile app from the app store, and request the instrial and commercial administration department to revoke its business license according to law

Article 4 financial institutions and non bank payment institutions shall not 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. Financial institutions and non bank payment institutions shall report to the relevant departments in a timely manner if they find clues of violation of laws and regulations in token issuance financing transactions

extended materials:

"notice on preventing the financing risk of token issuance" Article 1 accurately understand the essential attribute of token issuance financing activities. Token issuance financing refers to the financing subject raising bitcoin, ether coin and other so-called "virtual currency" from investors through the illegal sale and circulation of token, In essence, it is a kind of unauthorized illegal public financing, which is suspected of illegal sale of token tickets, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid selling and other illegal and criminal activities

Relevant departments will closely monitor relevant developments, strengthen cooperation with judicial departments and local governments, strictly enforce the law in accordance with the current working mechanism, and resolutely deal with market chaos. If suspected crimes are found, they will be transferred to judicial organs. The token or "virtual currency" used in token issuance financing is not issued by the monetary authority, does not have such monetary attributes as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be used as currency in the market

2. What has the final say of

1. is has the long term stability. It is not a matter of long-term stability. It is not the calculation of our own but has the final say of the opening party. So this is also a network pyramid selling. There is no guarantee that when the money is in it, there is no money to go out. There is no money to make

2. 2. virtual currency: now it is empty in the market. There are a lot of counterfeit things like electronic currency, virtual currency, virtual currency, encrypted digital currency and so on. If you don't understand these things, you may be cheated, and your funds will also be lost, which is the so-called damage to yourself and your contacts, because I have suffered losses on this. Now I know how to judge and have experience. I want to know For more differentiation criteria of virtual currency, see user, user, name, one, rise, chat,,
   

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3. 1. The definition of contract
futures contract is an agreement that the buyer agrees to receive an asset at a specific price after a specified period of time, and the Seller agrees to deliver an asset at a specific price after a specified period of time
the price that both parties agree to use in future trading is called futures price. The specified date on which both parties must conct transactions in the future is called the settlement date or the delivery date. The assets agreed to be exchanged by both parties are called "subject matter"
If an investor takes a position in the market by buying a futures contract (i.e. agreeing to buy on a future date), it is called long position or long in futures. On the contrary, if the position an investor takes is to sell a futures contract (i.e. bear the contract responsibility to sell in the future), he is said to be short or short on the futures<

2. The origin of contract
futures contract refers to the standardized contract formulated by the futures exchange to deliver a certain quantity and quality of goods at a specific time and place in the future. It is the object of futures trading. The participants of futures trading transfer the price risk and obtain the risk return by trading futures contracts in futures exchanges
futures contract is developed on the basis of spot contract and spot forward contract, but the most essential difference between them is the standardization of futures contract terms. In the futures market, the quantity, quality grade and delivery grade of the subject matter, the premium standard of substitutes, delivery place and delivery month of the futures contract are standardized, which makes the futures contract universal
in the futures contract, only the futures price is the only variable, so the open bidding is generated in the trading

3. Contract classification
digital currency contract can be divided into delivery contract and perpetual contract
(1) delivery contract: futures delivery refers to the process in which the trading parties settle the e open position contract by transferring the ownership of the commodity contained in the futures contract when the futures contract expires
(2) perpetual contract: it is a kind of derivative similar to leveraged spot transaction, and it is a digital currency contract proct settled in BTC, usdt and other currencies. Investors can buy long to get the income of the rising price of digital currency, or sell short to get the income of the falling price of digital currency
there are some differences between perpetual contracts and traditional futures: they have no expiration time, so there is no limit on the holding time. In order to keep track of the underlying price index, the perpetual contract ensures that its price closely follows the price of the underlying asset through the mechanism of capital cost.

4. The carry forward date of the monthly dividend of the monetary fund is the first working day of the next month, and the confirmation date is the second working day. If the investor purchases the fund on the 1st of the month and redeems it before the last day of the month (such as the 26th), the customer can enjoy the dividend of the month
investors can calculate and accumulate the daily return according to the newly published return of every 10000 shares on the fund company's website. If they need exact return data, they can query it on the fund company's website
fund dividend refers to that the fund distributes part of the income to investors in cash, which is originally a part of the net value of the fund unit. According to the Interim Measures for the administration of securities investment funds, the fund management company must distribute at least 90% of the net income of the fund in the form of cash, and at least once a year
the more dividends, the better. Investors should choose the dividend method suitable for their own needs. Fund dividend is not the biggest standard to measure fund performance. The biggest standard to measure fund performance is the growth of fund net value, while dividend is just the cash of fund net value growth.

5. (1) Bank draft

bank draft is issued by the remitter who deposits the money with the local issuing bank,  Bank draft is a kind of bill that is unconditionally paid to the payee or the holder according to the actual settlement amount at sight. It has the characteristics of flexible use, bill with person, strong cashability, etc. it is suitable for the commodity transaction of collecting money before delivery or clearing money and goods,  The payee shall prepare the receipt according to the receipt returned by the bank and relevant original documents; After receiving the bank draft issued by the bank, the payer shall; Bank draft application (stub) & quot; (2) commercial draft issued by the drawer of commercial draft,  A bill that entrusts the drawee to unconditionally pay a certain amount to the payee or the holder on a specified date. According to the acceptor, it is divided into commercial acceptance bill and bank acceptance bill. Commercial acceptance bill is accepted by the drawee other than the bank, and bank acceptance bill is applied by the acceptance applicant,  After the examination and acceptance of the bank, the drawee of the commercial bill is the acceptor

6. RMB cross-border business focuses on the convenience of enterprises, so the process is more simple and complex on the basis of foreign currency settlement without special requirements. The business process of the enterprise is basically the same as that of foreign currency settlement, but there are three differences + two new ones. There are three differences: first, the customs supports RMB customs declaration, and some regional customs give priority to the customs clearance of goods settled in RMB rashly; Second, the tax department supports RMB export tax rebate; Third, there is no need for foreign exchange verification form and no account to be verified. Two new additions: first, the enterprise needs to select the main reporting bank and fill in the enterprise information registration form before handling business for the first time; Second, when enterprises handle business, they need to fill in the collection and payment instructions.

7. It's clear to consult ICBC directly.