How to exchange virtual currency
Publish: 2021-05-19 03:26:06
1. Well, my opinion is No. first of all, virtual currency in online games has no financial norms and no issuing cost. If allowed to participate in currency exchange, it is bound to disrupt the financial order (see the relationship between total social procts and money demand for details). Second, if virtual currency can be exchanged with real currency, it is bound to affect the fairness of the game, Third, virtual currency can be exchanged with real currency, which will tempt game companies to participate, which is not concive to the long-term development of game companies. Fourth, the exchange of real currency and virtual currency will lead to many legal problems (after buying with money, virtual currency will have real value. Game companies' adjustment behaviors, such as adjusting prices, issuing rewards and closing cheating accounts, will involve laws. Price adjustment will be described as "stealing money", and the issuance of rewards will be limited by the maximum amount of rewards, Sealing a cheating account is a blatant robbery. Can you be sure how much of it is legitimate income? A little price adjustment leads to many lawsuits, some rewards have to pay taxes, and cheating is rampant. But if you want to seal him up, you have to file a case for investigation. Can you play such a game? Can such a game be operated?
2. Virtual currency mainly refers to the overseas market, so it is necessary to have an overseas bank account for virtual currency trading. At present, the most practical one is the Hong Kong bank account, which is not explicitly prohibited in Hong Kong, so it can be operated as long as the transaction complies with the bank regulations
of course, the Bank of Hong Kong can not directly open an account in the past, Banks in Hong Kong are no longer afraid of money laundering and fraud. They are domestic accounts
the landlord really wants to open a Hong Kong bank account, which we can help you to open successfully. The information is simple
of course, the Bank of Hong Kong can not directly open an account in the past, Banks in Hong Kong are no longer afraid of money laundering and fraud. They are domestic accounts
the landlord really wants to open a Hong Kong bank account, which we can help you to open successfully. The information is simple
3. TOBI, you usually look here. There's no need to worry about the safety of funds. There's no risk
4. According to the monitoring of the financial regulatory authorities, some illegal elements have been hyping "virtual currency" under the banner of blockchain recently. Therefore, China Internet Finance Association has issued "risk tips on preventing the transactions between ICO and" virtual currency "in the name of blockchain"
5. First of all, someone else must be willing to "buy" these virtual currencies with RMB
after finding this kind of person, trade the currency to this person in the place where the virtual currency is used [for example, the forum currency is in the forum, and the game currency is in the game], and then use Taobao and other online stores to let them buy non physical goods, and their RMB will be transferred to your account
not all virtual currencies are bought with real money.
after finding this kind of person, trade the currency to this person in the place where the virtual currency is used [for example, the forum currency is in the forum, and the game currency is in the game], and then use Taobao and other online stores to let them buy non physical goods, and their RMB will be transferred to your account
not all virtual currencies are bought with real money.
6. It's an administrative service center. Can we make Quanzhou procts? Well, you have to ask the personnel of relevant departments
7. Things in the market are changeable, whether they will rise or not is an unknown number, but the most important thing depends on its comprehensive strength. M chain in 2018
on November 10, 2018, m chain was invited to participate in the world blockchain conference · New York technology conference
on November 27, 2018, the blockchain tycoon went to Korea
on December 8, 2018, m Party & the largest jungle hotel in history opened
on December 10, 2018, "m chain has an appointment with you" conference was held in Guangzhou
on December 15-17, 2018, m chain was invited to participate in the Hong Kong Station global blockchain Developers Conference
on December 29, 2018, m chain global launching conference was successfully concluded in nexus connexion Bangsar, Kuala Lumpur, Malaysia
on January 6, 2019, gbls global sleepless blockchain leaders summit · annual ceremony was successfully held, and M chain won the double awards of "global blockchain annual investment value project" and "global blockchain annual value community"
on January 11, 2019, m chain was invited to attend WBF Shenzhen Technology Conference
on January 15, 2019, m chain successfully landed in EXX, one of the top ten exchanges in the world
every event marks the recognition and achievements m chain has gained along the way.
on November 10, 2018, m chain was invited to participate in the world blockchain conference · New York technology conference
on November 27, 2018, the blockchain tycoon went to Korea
on December 8, 2018, m Party & the largest jungle hotel in history opened
on December 10, 2018, "m chain has an appointment with you" conference was held in Guangzhou
on December 15-17, 2018, m chain was invited to participate in the Hong Kong Station global blockchain Developers Conference
on December 29, 2018, m chain global launching conference was successfully concluded in nexus connexion Bangsar, Kuala Lumpur, Malaysia
on January 6, 2019, gbls global sleepless blockchain leaders summit · annual ceremony was successfully held, and M chain won the double awards of "global blockchain annual investment value project" and "global blockchain annual value community"
on January 11, 2019, m chain was invited to attend WBF Shenzhen Technology Conference
on January 15, 2019, m chain successfully landed in EXX, one of the top ten exchanges in the world
every event marks the recognition and achievements m chain has gained along the way.
8. It's just like someone thought of using a world language instead of all the languages we use now! Then the world will be a language! ha-ha! This is impossible! RMB is managed by the central bank, all of which have appreciation and depreciation! Who can guarantee your virtual currency! If one day you roll money away, ask netizens to look there!
9. Currency swap
the characteristics of currency swap
also known as "currency swap", refers to the exchange of a certain amount of currency with another certain amount of currency within a certain period of time
function
currency swap is a commonly used debt hedging tool, which is mainly used to control the medium and long-term exchange rate risk, and to convert one kind of foreign exchange denominated debt or asset into another kind of foreign exchange denominated debt or asset, so as to avoid exchange rate risk and rece cost. The early "parallel loans" and "back-to-back loans" had similar functions. However, whether it is "Parallel Loan" or "back-to-back loan", it still belongs to loan behavior, which will proce new assets and liabilities on the balance sheet. As an off balance sheet business, currency swap can achieve the same purpose without affecting the balance sheet
for example, the company has a Japanese yen loan with a term of 7 years and a fixed interest rate of 3.25%. The interest payment date is June 20 and December 20 every year. It was withdrawn on December 20, 1996 and returned on December 20, 2003
after the company withdraws money, it will buy Japanese yen into US dollars for purchasing proction equipment. The income from exports is in US dollars, but not in Japanese yen
from the above situation, we can see that the company's yen loan has exchange rate risk. Specifically, the company borrows Japanese yen and uses US dollars. On December 20, 2003, the company needed to convert us dollar income into Japanese yen for repayment. Then, if the yen rises and the US dollar falls (relative to the exchange rate at the beginning of the period), the company will have to use more US dollars to buy yen for repayment. In this way, because the company's yen loans are not unified in terms of borrowing, using and repaying, there is exchange rate risk
in order to control the exchange rate risk, the company decided to conct a currency swap transaction with BOC. Both parties stipulate that the transaction will take effect on December 20, 1996 and expire on December 20, 2003, with the exchange rate of USD1 = jpy113. This currency swap is expressed as:
1. On the withdrawal date (December 20, 1996), the company and BOC swap principal:
the company withdraws the loan principal from the lending bank and pays it to the Bank of China at the same time, and the Bank of China pays the company the corresponding US dollars at the agreed exchange rate< 2. On the interest payment date (June 20 and December 20 each year), the company and Bank of China swap interest:
Bank of China pays interest in Japanese yen to the company at the interest rate level of Japanese yen, the company pays interest in Japanese yen to the lending bank, and at the same time pays interest in US dollar to Bank of China at the agreed interest rate level of US dollar< 3. On the maturity date (December 20, 2003), the company and BOC swap the principal again:
the Bank of China pays the principal in Japanese yen to the company, the company returns the principal in Japanese yen to the lending bank, and pays the corresponding US dollar to the Bank of China at the agreed exchange rate
it can be seen from the above that at the beginning and end of the period, the company and BOC swap principal at the same exchange rate (USD1 = jpy113) which is prescribed in advance, and ring the loan period, the company only pays interest in US dollars, while the interest in Japanese yen is used to restore the interest in Japanese yen loan, so that the company completely avoids the risk of exchange rate changes in the future
there are several points to be explained about currency swap:
the interest rate form of currency swap can be fixed for floating, floating for floating, or fixed for fixed. Generally speaking, the maturity of major foreign currencies can be 10 years
the exchange rate stipulated in the currency swap can be spot rate or forward rate, or any other level as agreed by both parties, but the interest rate level corresponding to different exchange rate levels will be different
in currency swap, the principal swap at the beginning of the period can be omitted, that is, step a) in the above example may not exist, but the corresponding interest rate level of US dollar may be different. In this way, for those loans that have been withdrawn, currency swap business can still be used to manage exchange rate risk<
handling proceres
the interest rate swap application signed by the company's legal representative or authorized signer, stamped with the official seal and signed by the original lending bank shall be used to sign the currency swap agreement, and the original lender shall provide the continuity guarantee under the swap transaction and make an inquiry at the bank Joint venture, cooperative and joint-stock companies should submit the resolution of the board of directors)
swap right
swap right is an interest rate swap or currency swap transaction with an option structure. Specifically, the two parties of an option transaction reach an agreement on the relevant contents of an interest rate swap or currency swap transaction, but the option buyer has the right to decide whether the above swap transaction will take effect on a certain date in the future (European option) or within a certain period of time in the future (American option). As the price of this right, the option buyer needs to pay a certain amount of fees to the option seller
with this proct, the debtor can obtain a more flexible protection on the premise of paying a certain fee, that is, when the market develops in a disadvantageous direction, the swap transaction can be made effective according to the level agreed in advance, so as to lock in the risk; When the market conditions develop in a favorable direction, we can choose not to exercise the option, so as to lock in the risk at a more favorable time.
the characteristics of currency swap
also known as "currency swap", refers to the exchange of a certain amount of currency with another certain amount of currency within a certain period of time
function
currency swap is a commonly used debt hedging tool, which is mainly used to control the medium and long-term exchange rate risk, and to convert one kind of foreign exchange denominated debt or asset into another kind of foreign exchange denominated debt or asset, so as to avoid exchange rate risk and rece cost. The early "parallel loans" and "back-to-back loans" had similar functions. However, whether it is "Parallel Loan" or "back-to-back loan", it still belongs to loan behavior, which will proce new assets and liabilities on the balance sheet. As an off balance sheet business, currency swap can achieve the same purpose without affecting the balance sheet
for example, the company has a Japanese yen loan with a term of 7 years and a fixed interest rate of 3.25%. The interest payment date is June 20 and December 20 every year. It was withdrawn on December 20, 1996 and returned on December 20, 2003
after the company withdraws money, it will buy Japanese yen into US dollars for purchasing proction equipment. The income from exports is in US dollars, but not in Japanese yen
from the above situation, we can see that the company's yen loan has exchange rate risk. Specifically, the company borrows Japanese yen and uses US dollars. On December 20, 2003, the company needed to convert us dollar income into Japanese yen for repayment. Then, if the yen rises and the US dollar falls (relative to the exchange rate at the beginning of the period), the company will have to use more US dollars to buy yen for repayment. In this way, because the company's yen loans are not unified in terms of borrowing, using and repaying, there is exchange rate risk
in order to control the exchange rate risk, the company decided to conct a currency swap transaction with BOC. Both parties stipulate that the transaction will take effect on December 20, 1996 and expire on December 20, 2003, with the exchange rate of USD1 = jpy113. This currency swap is expressed as:
1. On the withdrawal date (December 20, 1996), the company and BOC swap principal:
the company withdraws the loan principal from the lending bank and pays it to the Bank of China at the same time, and the Bank of China pays the company the corresponding US dollars at the agreed exchange rate< 2. On the interest payment date (June 20 and December 20 each year), the company and Bank of China swap interest:
Bank of China pays interest in Japanese yen to the company at the interest rate level of Japanese yen, the company pays interest in Japanese yen to the lending bank, and at the same time pays interest in US dollar to Bank of China at the agreed interest rate level of US dollar< 3. On the maturity date (December 20, 2003), the company and BOC swap the principal again:
the Bank of China pays the principal in Japanese yen to the company, the company returns the principal in Japanese yen to the lending bank, and pays the corresponding US dollar to the Bank of China at the agreed exchange rate
it can be seen from the above that at the beginning and end of the period, the company and BOC swap principal at the same exchange rate (USD1 = jpy113) which is prescribed in advance, and ring the loan period, the company only pays interest in US dollars, while the interest in Japanese yen is used to restore the interest in Japanese yen loan, so that the company completely avoids the risk of exchange rate changes in the future
there are several points to be explained about currency swap:
the interest rate form of currency swap can be fixed for floating, floating for floating, or fixed for fixed. Generally speaking, the maturity of major foreign currencies can be 10 years
the exchange rate stipulated in the currency swap can be spot rate or forward rate, or any other level as agreed by both parties, but the interest rate level corresponding to different exchange rate levels will be different
in currency swap, the principal swap at the beginning of the period can be omitted, that is, step a) in the above example may not exist, but the corresponding interest rate level of US dollar may be different. In this way, for those loans that have been withdrawn, currency swap business can still be used to manage exchange rate risk<
handling proceres
the interest rate swap application signed by the company's legal representative or authorized signer, stamped with the official seal and signed by the original lending bank shall be used to sign the currency swap agreement, and the original lender shall provide the continuity guarantee under the swap transaction and make an inquiry at the bank Joint venture, cooperative and joint-stock companies should submit the resolution of the board of directors)
swap right
swap right is an interest rate swap or currency swap transaction with an option structure. Specifically, the two parties of an option transaction reach an agreement on the relevant contents of an interest rate swap or currency swap transaction, but the option buyer has the right to decide whether the above swap transaction will take effect on a certain date in the future (European option) or within a certain period of time in the future (American option). As the price of this right, the option buyer needs to pay a certain amount of fees to the option seller
with this proct, the debtor can obtain a more flexible protection on the premise of paying a certain fee, that is, when the market develops in a disadvantageous direction, the swap transaction can be made effective according to the level agreed in advance, so as to lock in the risk; When the market conditions develop in a favorable direction, we can choose not to exercise the option, so as to lock in the risk at a more favorable time.
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