Why can't the United States avoid virtual currency

1. bitcoin has been regulated by the US government in the United States. The US Commodity Futures Trading Commission (CFTC) recently released a document saying that bitcoin and other virtual currencies are reasonably defined as commodities, just like crude oil or wheat. This means that bitcoin futures and options are subject to CFTC regulations and regulation. It is necessary to apply for a license to carry out bitcoin related business in New York State, otherwise it will be considered illegal. In California, the attitude of bitcoin and other virtual currencies is relatively friendly, but they need to be registered

in the United States, it is legal as long as we do not use virtual currency to carry out illegal activities. Fuyuan coin is registered in the United States, and treasure coin is also registered in the United States. However, according to relevant media reports, the Chinese Americans represented by Liu Longzhu are targeting an enterprise called Regal group. On September 29, the Chinese company in Los Angeles was seized. The company was accused of using a virtual currency called "treasure coin" to cheat investors by pyramid selling, and Jiang Kun's photo became their propaganda material. In mainland China, there are still people peddling "precious coins", but the peddler did not mention Jiang Kun to mainland buyers.

2. Why should the United States recognize bitcoin as a legal financial instrument? Its purpose is to bring bitcoin into the financial regulatory system to protect the interests of ordinary investors. This is the same starting point as our central bank's announcement to ban bitcoin. A typical representative case is a case called Trenton? In 2011-2012, he amassed 700000 bitcoins with a total value of more than US $4.5 million, but he suddenly closed the trust in August 2012, and then claimed that bitcoin was not money and was not regulated by the US government. In order to protect the interests of investors, in August 2013, the court ruled that bitcoin as a financial instrument should be regulated by the US government. This is interpreted as "the United States recognized bitcoin"

3. The United States has no anti money laundering agency specifically for virtual currency. Because virtual currency is very small in the face of the huge amount of money in the United States, and it has not been officially circulated in the world, it is not worth spending a lot of taxpayers' money to establish a special anti money laundering agency.

4. What is the inevitable connection between economic control in several families and virtual payment?!

5. That's a good question
but your question has already been answered

6. If you want to buy something from us software, it's more difficult to buy it

7.

On July 25, 2020, the U.S. federal court said for the first time that bitcoin and other virtual currencies are a kind of "currency" covered by the country's laws, which means that bitcoin is not only a commodity transaction category, but also money with monetary attributes. However, the U.S. federal government does not regard it as legal tender, so there is no need to over read it. The U.S. dollar is still far from collapse, As far as the current world monetary pattern is concerned, it is difficult for us dollar to replace its position for the time being. Even if the United States recognizes bitcoin as a currency, it is difficult to compare it with the US dollar. It is only for various reasons

there is no doubt that blockchain technology will lead the market reform, optimize the current financial payment system, and form a more secure, fast and stable monetary system. There are many kinds of air currencies in the market, but they will not become the leading role. The last big corner is still in the central banks, The cryptocurrency launched by the central bank itself is the real mainstream in the future

I'm roseview finance. Please pay attention to more questions. Welcome to exchange and discuss with us. I hope it can help you

8. This shows that the United States is the beneficiary.

9.

Dog money soars, is it reliable to buy virtual currency? In fact, how can we say that the combination of virtual currencies is not reliable? Because virtual currencies are all hyped by others. Virtual currencies are hyped by some people in order to make money, so they are totally unreliable. But if you can cut a wave of leeks and leave, it is also a very reliable thing. In fact, for the vast majority of people, It's better not to touch the virtual currency. If you don't withdraw the virtual currency in time, you will be ruined. But if you want to take a chance, it's OK, because it's also a very lucky thing for many people to leave after making money{ RRRRR}

generally speaking, virtual currency is actually owned by others, so it's better not to touch it, because many people can't control their own desires, and they don't have many virtual currencies. In this way, the gain is not worth the loss. Originally, if they just wanted to play, they would be ruined, which is the tragedy

10.

Because the Federal Reserve Act stipulates that the Federal Reserve has the right to issue money

the Federal Reserve is responsible for performing the ties of the Central Bank of the United States. This was established on December 23, 1913, under the Federal Reserve Act. The core governing body of the Federal Reserve is the Federal Reserve

the federal reserve system consists of the Federal Reserve Board in Washington, D.C. and 12 regional Federal Reserve Banks in major cities across the country. Jerome Powell is the current chief executive of the Federal Reserve. As the Central Bank of the United States, the Federal Reserve obtains power from the U.S. Congress to formulate monetary policy and supervise U.S. financial institutions

extended information:

the Federal Reserve affects the federal funds rate through open market operations. Open market operation refers to the Federal Reserve's behavior of putting or withdrawing money into the market by buying and selling bonds. For example, when the Federal Reserve buys bonds, it pays the other side dollars, which increases the supply of dollars in the market; On the contrary, when the Fed sells bonds, it takes the dollar back from the market

this kind of operation is called open market operation, because all financial institutions in the market that meet the requirements can apply to trade with the Federal Reserve. After the open market committee sets the federal funds interest rate target, the Federal Reserve changes the amount of money issued in the market through open market operation to achieve the preset target interest rate

for example, the federal funds rate in the market is 2.5%, while the open market committee has decided to raise it to 2.75%. To achieve this goal, the Federal Reserve sells bonds on the open market and takes back money. At this time, the amount of money held by financial institutions decreased, the excess reserves decreased, and the loan interest rate of inter-bank reserves increased