Virtual currency cannot be money
It is illegal to issue virtual currency privately
According to Article 29 of the regulations of the people's Republic of China on the administration of RMB, no unit or indivial is allowed to print or sell token tickets to replace RMB in circulation on the market In addition, the "emergency notice of the State Council Office for rectifying unhealthy tendencies in the instry, the State Economic and Trade Commission and the people's Bank of China on prohibiting the issuance and use of various token certificates (cards)" also strictly prohibited similar issues 
extended data
virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, q-coin of Tencent company, q-point and voucher of Shanda company, micro currency launched by Sina (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver grain (used for bixue Qingtian game), and popular digital currencies in 2013 include bitcoin, Laite coin, infinite coin, quark coin, zeta coin, etc Barbecue coins, pennies (Internet), invisible gold bars, red coins, prime coins. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"
market formation
the Internet has led to the emergence of a new market, which is a virtual market based on cyberspace. The Internet provides a lot of communication places for consumers, and also provides business market for enterprises. Enterprises must change from proct centered to service centered to customer centered. With the development of computer artificial intelligence technology and database technology, enterprises can conveniently collect customers' information, understand customers' needs in time, change business strategies and grasp economic arteries in real time
With the rapid development of computer and network communication technology, the application of Internet technology has graally penetrated into various fields of human activities, and the unlimited business opportunities that it contains make businesses turn their eyes to e-commerce. E-commerce is penetrating into all aspects of social and economic life at a speed that people can hardly imaginethe traditional finance is also closely watching this irresistible trend of global economic integration and networking. As a result, value-added services take art as the selling point and can be regarded as commodities; The sword in the game is not a brand-new financial services business philosophy - e-finance came into being
from the historical development process, to understand e-finance, we must start from the electronic finance and e-commerce. The so-called e-financialization means that financial enterprises adopt modern communication, computer, network and other information technology means in addition to Internet technology to improve the work efficiency of traditional financial service business, rece operating costs, realize the automation of financial business processing, informatization of financial enterprise management and scientific decision-making, and provide customers with faster and more convenient services, And then enhance the financial enterprise is the behavior of market competitive advantage
e-finance is a transcendence of financial electronization. Different from the electronic finance, the main technical basis of e-finance operation is the increasingly perfect Internet technology. Due to the characteristics of global connectivity, openness, quickness and low marginal cost of Internet technology, e-finance strengthens the restructuring and innovation of financial services business based on Internet technology, so that customers are free from the restrictions of business hours and places, and enjoy all kinds of high-quality and low-cost services provided by financial enterprises anytime and anywhere
with the development of Internet, the form of money is becoming more virtual, and there is an electronic money that only exists in the form of electronic signal
reference source: Network: virtual currency
The number of bitcoin is too small to circulate on a large scale in society. Moreover, its existence is not guaranteed by the national credit, but based on the trust between bitcoin players, so the credit of this "currency" is relatively low
moreover, the number of bitcoin is small, and it is too concentrated in the hands of several big players, resulting in its price is very unstable. This is basically not money. Because as a general currency, an important prerequisite is price stability, otherwise the economic order will collapse
bitcoin has no value base; The price fluctuates sharply; There are three basic reasons why bitcoin can't become the world currency e to the lack of support from monetary authorities
can bitcoin become a real currency? http://www.financialnews.com.cn/yw/pl/201401/t20140107_ 47595. HTML
since the birth of the first bitcoin seven years ago, bitcoin has been developing rapidly and caused a lot of controversy. The discussion focuses on how to define bitcoin, whether it can become a currency and even become an international currency in the future
in 2013, bitcoin was very popular in China, not only the price soared, but also was evaluated as "a big challenge to the current monetary system" by some analysts. In early December 2013, the people's Bank of China, together with five ministries and commissions, issued the notice on preventing bitcoin risks, pointing out that bitcoin is a specific virtual commodity, not a real currency. Then, bitcoin prices fell
at the beginning of the new year, on January 4, the National Bank of Malaysia announced on its website that it would not recognize bitcoin as a legal currency, and urged the public to be vigilant against its risks. In fact, since the second half of 2013, South Korea, Thailand, Indonesia, Norway and other countries have successively made their stand against bitcoin trading activities, and they do not recognize bitcoin as a currency in the market
At the same time, it is reported that in January this year, the world's first bitcoin atmrobocoin entered the Hong Kong and Taiwan markets. Companies also plan to launch bitcoin ATMs in more parts of Europe, Canada and the United Stateson the one hand, the relevant regulatory authorities have "made their stand clear"; on the other hand, the global layout of bitcoin has been advancing rapidly. How to determine the nature of bitcoin and its future development momentum have once again attracted the attention of all parties
Sheng Songcheng, director general of the survey and Statistics Department of the people's Bank of China, published an article entitled "virtual currency is not money in essence -- take bitcoin as an example" in his own name, emphasizing that virtual currency represented by bitcoin is not money in essence and it is difficult to become money
he believes that bitcoin lacks national credit support and is difficult to perform the function of commodity exchange medium as the base currency. Modern credit currency (paper money) represents national credit, and actually represents the proction and transaction of commodities in the whole society. As long as the national machine works normally, the coercive force of national laws can give the public trust in the standard currency. Bitcoin has no value itself, no national credit support, and no guarantee of the whole society's commodity proction and trade, so it does not have the value basis of money. In addition, bitcoin has no legal compensation and compulsion, and its circulation range is limited and unstable. Bitcoin has strong substitutability, so it is difficult to be a general equivalent
Secondly, the number and scale of bitcoin have set an upper limit, which is difficult to meet the needs of modern economic development. He believes that there is a contradiction between the limited quantity of bitcoin and the expanding social proction and commodity circulation. If bitcoin becomes the standard currency, it will inevitably lead to deflation and inhibit economic development. The limitation of quantity also makes bitcoin's function as a means of circulation and payment greatly reced, which makes it easier to become a speculative object rather than a medium of exchange Thirdly, bitcoin lacks a central regulation mechanism, which is not compatible with the modern credit currency system. Sheng Songcheng believes that bitcoin does not have a centralized issuer, so it is easy to be over hyped, resulting in excessive price fluctuations, and can not become a pricing currency and circulation means, so it needs to be converted into bitcoin to pay; Bitcoin is also not controlled by the monetary authorities, so it is difficult to play the role of economic adjustment meansat the end of the article, Sheng Songcheng also made it clear that money is inseparable from economic operation and economic development, and is not a pure proct of technology. As long as there is no fundamental change in the form of modern economic and social organizations, the monetary system based on national credit will exist, and bitcoin and other virtual currencies will not become the standard currency of a country, and thus not the real currency, "but the Utopia of technology supremacy and absolute liberalism"
As for the prosperity and significance of bitcoin, Sheng Songcheng explained, "the emergence of bitcoin reflects people's worries about inflation under the condition of credit currency in a sense. Central banks should strengthen liquidity management, reasonably regulate money supply, keep prices basically stable, and promote stable economic and social development. "ring the writing period, our reporter contacted Sheng Songcheng again on issues related to bitcoin. He stressed again in the interview: "bitcoin is not the real currency, the real currency can only be the standard currency."
Sheng Songcheng said, "from the perspective of the history of monetary theory, bitcoin is not new. Its essence is the privatization of currency issuance or the non nationalization of currency. Hayek, a famous Austrian economist and Nobel laureate, put forward a proposal many years ago, and Friedman, a famous American economist, also made a similar proposal. However, their opinions are only a theoretical analysis tool, which is difficult to operate in real economic life, and the modern economy is increasingly inseparable from the country's macro-control. This financial crisis and its response is a good proof. Money is one of the main means of national macro-control and the basis of modern state and government. How can it be privatized? So I use the word "Utopia."“ In my opinion, technology can not replace the national attribute. Any digital currency can only be the realization form of standard currency. Therefore, electronic money will develop, and virtual money is utopia. " Sheng Songcheng said, "as long as there is a modern state, virtual currency will not be a currency. Many people ignore the national and social attributes behind money and think that money is just a natural entity. "as for the future development prospects of bitcoin, a commercial bank analyst interviewed said: "bitcoin trading, as a commodity trading behavior on the Internet, ordinary people have the freedom to participate in it at their own risk, and there is still a lot of room for development in this aspect. At present, in view of the fact that bitcoin has not had any impact on the monetary policy of central banks, and from the perspective of issuing technology, it seems to have enlightenment, so many central banks hold a wait-and-see attitude towards it. "
but as for whether bitcoin can play the role of currency in the future, or even international currency, the analyst said that it is "not optimistic". He said, "even if some countries want to use bitcoin as the world settlement currency, but it is in private hands, and the price fluctuates violently, can it become an international currency? Moreover, the important premise for it to become an international currency is that the authorities of all countries recognize its monetary nature, which itself is a difficult problem. "
Sheng Songcheng also said, "bitcoin does not have a value base; The price fluctuates sharply; There are three basic reasons why bitcoin can't become a world currency without the support of national monetary authorities. "With the development of society, there are many new things, such as virtual currency. In the era of virtual currency, should bitcoin become a legal currency? I don't think so. On the one hand, bitcoin doesn't have a national background, and on the other hand, bitcoin doesn't have real powerful people to protect it. Therefore, bitcoin is dangerous and easy to lead to bankruptcy. Let's talk about it in detail{ RRR} 3. If bitcoin becomes a legal currency, there will be huge financial risks
if bitcoin becomes a legal currency, first of all, bitcoin is a virtual asset with high and low value, which can easily lead to bankruptcy of some people. If there is a huge difference in value, for example, the original value of several thousand yuan is worth only a few yuan now, which will lead to huge financial risks and even financial crisis, So bitcoin can never be a legal currency
in a word, although virtual currency is quite popular, bitcoin should not become legal currency, because on the one hand, bitcoin is only a virtual currency and has no real value. It is easy to lead to bankruptcy of many people and huge financial risks
in terms of operability and authenticity, virtual currency is not as good as real currency.