Is it legal to sell virtual cryptocurrency

1. Lightcoin is legal in China, but if you use lightcoin for illegal activities, it is illegal

bitcoin, lightcoin and other virtual cryptocurrencies are defined by the central bank as a kind of special Internet goods in China. Citizens can buy and sell freely at their own risk, which denies their monetary attribute. Central bank governor Zhou Xiaochuan once said that bitcoin is more like a tradable asset, similar to stamps. Since it's a commodity or asset, it's legal. Citizens' property is sacred and inviolable. Bitcoin house also published the full text of the joint notice on bitcoin risk issued by the central bank and other five ministries and commissions in 2013. You can see it from the emotional point of view

most of the major countries in the world also adopt a cold attitude towards bitcoin, because bitcoin may be used for money laundering, drug trading and other illegal activities.

2.

At present, it is not officially recognized in China, and the specific legal documents have not been issued

The English name of kitcoin is kitcoin, which belongs to the third generation cryptocurrency in architecture, and combines the concepts of original mode, profitability, security and payment. KTC is essentially bitcoin, a virtual currency

according to the regulations on the administration of RMB, the proction and sale of token tickets are prohibited. Because there is no clear judicial interpretation of the definition of token ticket, if bitcoin is included in the "token ticket", the legal prospect of bitcoin in China will face uncertainty

the notice of the Ministry of culture and the Ministry of Commerce on strengthening the management of virtual currency of online games (Wen Shi Fa [2009] No. 20) on June 4, 2009 stated that the application scope of virtual currency of online games was defined for the first time, and the distinction between the current virtual currency of online games and the virtual props in the game was made; At the same time, the notice said that the "notice" stipulates that enterprises engaged in related services must be approved before they can operate

in 2013, the central bank issued the notice on prevention of bitcoin risk, and then it came out that the central bank interviewed more than 10 persons in charge of third-party payment companies, explicitly requiring them not to provide payment and clearing services to bitcoin, lightcoin and other trading websites. The price of bitcoin in China has dropped all the way from about 7000 yuan to 3300 yuan. More analysis said that bitcoin will withdraw from China

this is a kind of investment, and the risk is great, even in our country is not recognized by the state, so we need to be more cautious

extended materials

to prevent the possible money laundering risk of bitcoin

all branches of the people's Bank of China should pay close attention to the trend and trend of bitcoin and other similar virtual commodities with anonymous and cross-border circulation convenience, carefully study and judge the money laundering risk, and study and formulate targeted preventive measures. All branches shall bring into anti money laundering supervision the institutions established according to law and providing bitcoin registration, trading and other services within their jurisdiction, and urge them to strengthen anti money laundering monitoring

Internet stations that provide bitcoin registration and transaction services should fulfill their obligations to fight money laundering, identify users' identities, and require users to register with real names, register name, ID number and other information. p>

all financial institutions, Payment institutions and Internet websites providing bitcoin registration, trading and other services should report to China Anti Money Laundering Monitoring and Analysis Center immediately if they find suspicious transactions related to bitcoin and other virtual commodities, and cooperate with the anti money laundering investigation activities of the people's Bank of China; If any criminal activity clues such as fraud, gambling, money laundering are found using bitcoin, they should report to the public security organ in time

3.

Bank of Malaysia: it does not recognize or prohibit the public from deciding on the future of virtual currency

the president of the National Bank of Malaysia, dansri Muhammad Ibrahim, said that the concept document of cryptocurrency will be finalized this month, and the future of the virtual currency will be decided by the public

he mentioned that Malaysia's response is slightly different from that of some countries that have decided to ban cryptocurrency. Malaysia will not ban cryptocurrency at present, but let the market decide the future of cryptocurrency. The key is that our country must understand what is inside it

however, on September 28, Dato Mohamad zabidi bin Ahmad, senior director and global head of CIMB, Malaysia's second largest bank, attended the launching ceremony of an exchange called "urcoin" and publicly expressed the bank's support for it

It can be seen from this that although Malaysia does not affirm digital currency as its legal tender, it has selected some projects to support it, observe its development and prepare for the future legislation

4. White gold coin is a game currency, which is legal in China< At present, there are five ways to obtain white gold coins in the game:
1: killing the first goblin will drop it The special monster limited by national service: Platinum goblin)

2: the first boss killed every day falls

3: some of the adventure models completed every day will be rewarded

4: some (but not all) achievements will be rewarded with white gold coins (please click here for details)<

5: every time a leader is killed, there will be a little reward (such as butcher, sertya or the guardian of the secret place)
white gold coin and digital cryptocurrency are not the same concept. Digital cryptocurrency generally refers to bitcoin, Ruitai coin, Laite coin and dogcoin.

5. As of February 6, 2019, KTR is not officially recognized, and the specific legal documents have not yet been issued
the English name of KTC is kitcoin. In terms of architecture, it belongs to the third generation of cryptocurrency and combines the concepts of original mode, profitability, security and payment. KTC is essentially bitcoin, a virtual currency. KTC is an authorized third-generation digital asset in Hong Kong. It was listed on NASDAQ in March 17. Kitcoin, the third-generation encrypted digital asset, announced its open source code to the world on NASDAQ
in 2013, the people's Bank of China issued the notice on preventing bitcoin risks, and then it was reported that the people's Bank of China had interviewed more than 10 persons in charge of third-party payment companies, explicitly requiring them not to provide payment and clearing services to bitcoin, lightcoin and other trading websites. The domestic price of bitcoin has dropped all the way from about 7000 yuan to 3300 yuan, and some analysts say that bitcoin will withdraw from China
KTR is a kind of investment, and the risk is very high, even in our country is not recognized by the state, so we need to be more cautious
extended information:
notice on prevention of bitcoin risk
1. Correctly understand the attributes of bitcoin
bitcoin has four main characteristics: no centralized issuer, limited total amount, no geographical restrictions and anonymity. Although bitcoin is called "currency", it is not a real currency because it is not issued by the monetary authority and has no legal compensation and mandatory monetary attributes
in terms of nature, bitcoin should be a specific virtual commodity, which does not have the same legal status as currency, and cannot and should not be used as currency in the market< Second, financial institutions and Payment institutions are not allowed to carry out bitcoin related business
at this stage, financial institutions and Payment institutions are not allowed to price bitcoin as a proct or service, buy or sell bitcoin as a central counterparties, underwrite bitcoin related insurance business or include bitcoin into the scope of insurance liability, It is not allowed to provide other bitcoin related services to customers directly or indirectly,
including: providing bitcoin registration, trading, clearing, settlement and other services to customers; Accept bitcoin or use bitcoin as a payment and settlement tool; Carry out bitcoin and RMB and foreign currency exchange services; Carry out bitcoin storage, custody, mortgage and other services; Issuing financial procts related to bitcoin; Take bitcoin as the investment target of trust, fund, etc
Third, strengthen the management of bitcoin Internet sites
according to the telecommunication regulations of the people's Republic of China and the measures for the administration of Internet information services, Internet sites providing bitcoin registration, trading and other services shall be filed with the telecommunications regulatory agency
in accordance with the identification and punishment opinions of relevant administrative departments, the telecommunications regulatory authorities shut down illegal bitcoin Internet stations in accordance with the law
source of reference: Sogou Network -- notice on preventing bitcoin risk

6.

Bitcoin is illegal in China

according to the "notice on preventing bitcoin risks" issued by the people's Bank of China on December 5, 2013:

bitcoin has four main characteristics: no centralized issuers, limited amount, no geographical restrictions and anonymity. Although bitcoin is called "currency", it is not a real currency because it is not issued by the monetary authority and has no legal compensation and mandatory monetary attributes. In nature, bitcoin should be a specific virtual commodity, which does not have the same legal status as currency, and can not and should not be used as currency in the market

at this stage, financial institutions and Payment institutions are not allowed to price procts or services with bitcoin, buy or sell bitcoin as a central counterparties, underwrite insurance business related to bitcoin or include bitcoin into the scope of insurance liability, and directly or indirectly provide customers with other services related to bitcoin, including: providing customers with bitcoin registration Trading, clearing, settlement and other services; Accept bitcoin or use bitcoin as a payment and settlement tool; Carry out bitcoin and RMB and foreign currency exchange services; Carry out bitcoin storage, custody, mortgage and other services; Issuing financial procts related to bitcoin; Take bitcoin as the investment target of trust, fund, etc

extended data:

the risk of bitcoin

1, higher speculative risk. Bitcoin trading market capacity is small, trading 24 hours in a row open, there is no price limit, the price is easy to be controlled by speculators, resulting in dramatic fluctuations, great risk. Ordinary investors blindly follow suit and are easy to suffer heavy losses

2. Higher risk of money laundering. Due to the anonymity and geographical freedom of bitcoin transaction, its capital flow is difficult to monitor, which provides convenience for money laundering and terrorist financing activities

3. The risk of being used by criminals or organizations. As of December 6, 2013, there have been international criminal activities such as drug and gun trading using bitcoin, and relevant cases have been investigated and dealt with

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8. Although the Chinese government has closed the cryptocurrency exchange, it has not listed the cryptocurrency transaction as an illegal channel. Therefore, it is legal to trade bitcoin in China.