English definition of virtual currency
virtual currency is the currency used for electronic circulation. Now the scope of virtual currency is very large, including q-coin, bitcoin and so on. With the development of digital currency, virtual currency is becoming more and more abundant, which may become the mainstream in the future. For example, BTC, EOS, bcbot and so on are not only virtual currencies, but also algorithms, landing projects and technologies
virtual currency is mainly issued by online game service providers to purchase game props, such as equipment, clothing, etc. But at present, the use of virtual currency has gone far beyond this category. Virtual currency can be used to buy game cards, physical objects and download services of some movies and software
extended data:
real risk
as the proct of e-commerce, virtual currency has begun to play an increasingly important role, and it is more and more connected with the real world. However, with the growth of virtual currency, the relevant laws and regulations are lagging behind, which has laid many hidden dangers
fraud
the private transaction of online virtual currency has realized the two-way circulation between virtual currency and RMB to a certain extent. The activity of these traders is to buy all kinds of virtual currencies and procts at a low price, and then sell them at a high price to earn profits. With the increase of such transactions, there are even virtual mints. In addition to the virtual currency provided by the main company, there are also some people who specialize in "virtual coin making" to obtain virtual currency by playing games and then resell it to other players
Taking Wenzhou as an example, there are about seven or eight such "virtual mints" with four or five hundred practitioners. This not only creates a bubble for the price of the virtual currency itself, but also causes trouble for the normal sale of the issuing company. It also provides a platform for selling and collecting money and money laundering for various cyber crimes. p>
impact system
in modern financial system, the issuers of money are generally central banks, which are responsible for the management and supervision of money operation. As the equivalent exchange goods used to replace the real currency circulation on the Internet, the virtual currency on the Internet is essentially the same as the real currency. The difference is that the issuers are no longer central banks, but Internet companies
if the development of virtual currency makes it form a unified market, each company can exchange with each other, or virtual currency is integrated and unified, and all of them are based on the same standard and price, then in a sense, virtual currency is currency, which is likely to form a threat impact on the traditional financial system or economic operation
reference: network virtual currency
digital currency is an index character RMB, which is a legal encrypted digital currency. It is not only a payment tool, but also a currency. It is essentially different from Alipay and WeChat payment. P> Alipay, WeChat payment and mobile phone banks are all electronic money, is not digital money. These are all payment methods based on electronic accounts, which are in essence just a process of informatization of legal currency, not digital currency in a strict sense. Moreover, it is completely different from q-coin and bitcoin commonly referred to as q-coin and bitcoin, all belong to virtual currency. Compared with digital currency, the most fundamental difference lies in the difference of issuers virtual currency is the electronization of illegal currency, the issuer is not the central bank, and it can only circulate in a specific virtual environment, such as online game currency, which is mainly used for the purchase of virtual goods, but generally does not have security, so virtual trading platforms, such as smart star Witkey, XX one, XX eight, etc., are designed to provide secure trading protection. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency, bitcoin is illegal digital currency
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1. RMB - RMB
the legal currency of the people's Republic of China is RMB, and the people's Bank of China is the national authority in charge of the management of RMB, which is responsible for the design, printing and issuance of RMB
the unit of RMB is yuan, and the subsidiary units of RMB are Jiao and Fen. One yuan is ten Jiao, and one Jiao is ten Fen. The first letter of the alphabet of RMB is capital Y with two horizontal lines, that is "&#"
2. U.S. dollar; ISO 4217 currency code: USD; Symbol: USA $) is the legal tender of the United States of America. The US dollar banknotes in circulation at present are all kinds of banknotes issued since 1929
In 1792, the coinage act of the United States was passed. The current issue of dollars is controlled by the Federal Reserve. Since 1913, the United States has established the Federal Reserve System and issued Federal Reserve bonds. More than 99% of the banknotes in circulation are Federal Reserve notes Japanese yen - JPYyen (Japanese: 円, Japanese Roman: en, English: yen), whose banknotes are called Japanese bank notes, is the legal currency of Japan, and Japanese yen is often used as reserve currency after US dollar and euro. The currency code is JPY
Japanese yen is the name of Japanese currency unit, which was founded on May 1, 1871. In 1897, Japan established the gold standard system, and the gold content was set at 0.75 g. in May 1953, the gold content was announced to be 0.00246853 g. on March 31, 1988, the gold standard system was completely abolishedthere are four banknotes in circulation, namely, 1000, 2000, 5000 and 10000 yen, and six coins in denominations of 1, 5, 10, 50, 100 and 500 yen
4. Euro - the euro is the currency of 19 countries in the European Union. The 19 member states of the euro are Germany, France, Italy, the Netherlands, Belgium, Luxembourg, Ireland, Spain, Portugal, Austria, Finland, Lithuania, Latvian, Estonian, Slovak, Slovenian, Greek, Maltese and Cyprus
on January 1, 1999, the single monetary act was implemented in the European Union countries implementing the euro. In July 2002, the euro became the only legal currency in the euro area
the euro is managed by the European system of central banks (ESCB), which is composed of the European Central Bank (ECB) and the central banks of the euro area countries
5, pound sterling - GBP
pound sterling is the name of the national currency and monetary unit of the United Kingdom. Sterling is mainly issued by the Bank of England, but there are other issuers. The most commonly used symbol for pound sterling is & #;. The ISO 4217 currency code adopted by the international organization for Standardization for pound sterling is GBP (Great Britain pound). In addition to the United Kingdom, the currency of the British Overseas Territories is also in pounds, and the exchange rate with the pound is fixed at 1:1
as Britain is the first instrialized country in the world and once dominated the international financial instry, pound sterling used to be the most widely used currency in international settlement business
the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed
bitcoin is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions
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encryption current
current
English; kʌ r(ə) nsɪ]
beauty; kɜ rə NSI]
n; Currency
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