Do western countries have virtual currency

1.

Some virtual currencies are illegal in China. Chinese laws prohibit virtual currencies. The only legal currency in China is RMB. Since the people's Republic of China issued RMB, it has lasted 71 years. With the development of economic construction and the needs of people's life, it has graally improved and improved. So far, it has issued five sets of RMB, forming a multi variety and multi series monetary system of paper money and metal money, ordinary commemorative money and precious metal commemorative money

except for 1,2,5 fen coins, the first, second and third sets of RMB have been withdrawn from circulation, and the fourth set of RMB has been suspended from circulation since May 1, 2018 (except 1 jiao, 5 jiao notes and 5 jiao, 1 yuan coins). The current circulation of RMB is mainly the fifth set of RMB issued in 1999

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the people's Bank of China is scheled to issue the fifth set of RMB 50 yuan, 20 yuan, 10 yuan, 1 yuan banknotes and 1 yuan, 5 jiao, 1 jiao coins of the 2019 edition from August 30, 2019. The fifth set of RMB inherits the traditional experience of China's printing technology and draws lessons from the advanced technology of foreign banknote design, which has greatly improved its anti-counterfeiting performance and currency processing modernization

Chairman Mao Zedong's head portrait in the early days of the founding of the people's Republic of China is used on the front of each denomination currency, the famous Chinese flower pattern is used on the bottom, and the main scenery pattern on the back fully shows China's long history and magnificent mountains and rivers, and carries forward China's great national culture by selecting representative patterns with national characteristics

2. The difference lies in the fact that some foreign countries are particularly strict in this kind of supervision, while others are particularly loose. In terms of domestic supervision, it is relatively perfect.

3. Economy refers to the sum of social relations of proction. It refers to the sum of proction relations or social economic system formed by people in the process of material proction and adapted to certain social proctive forces. It is the foundation of superstructure such as politics, law, philosophy, religion, literature and art< Economy refers to the process of proction and reproction of social material materials. It includes the direct proction process of material materials and the exchange, distribution and consumption process determined by it. Its content includes proctivity and proction relations, but mainly refers to proctivity
3. Economy refers to the general term of a country's national economy. It includes all the material proction departments and their activities in a country, and part of the non-material proction departments and their activities. We usually talk about the economic situation of different countries from the perspective of national economy (this definition makes a logical mistake, that is, the definition of cycle).

4. It should be said that which countries have bitcoin is not available at the global level, because there are always countries that are more closed than you think. As far as I know, bitcoin is legally recognized in many countries, such as Germany, while there are also countries that do not recognize bitcoin, such as China.

5. At present, no country in the world is fully operating virtual currency. However, in South America, some countries have issued their own virtual currency as a supplement to the existing monetary system

it is reported that the Ecuadorian government will soon adopt digital currency as a supplement to its dollar based real currency system

the Ecuadorian government is going to adopt digital currency instead of popular bitcoin. In fact, Ecuador will implement its own electronic currency system, officially known as "sistema de dinero electric" ó "Nico", Ecuadorian officials said that the digital currency is only a supplement to Ecuador's real currency, but some experts seem to think that there may be other motives for this move

Ecuador is not the only country to use digital currency. Sweden is also using digital currency, but the difference is that Ecuador's digital currency is run by the government itself, which can't help raising doubts. Of course, Ecuadorian officials guarantee that Ecuador's financial system will maintain the status quo, and e-money will only supplement the existing monetary system

since 2013, the popular virtual currencies are bitcoin, Fuyuan coin, Laite coin, doggy coin, Ruibo coin, Yuanbao coin and so on.

6. This is possible because virtual currency is indeed used for money laundering, drug abuse and other criminal activities. This is also a very important reason why countries around the world are cautious about virtual currency. However, the important reason why virtual currency can enter China smoothly and seize the Chinese market is that it caters to the needs of Chinese people and has its own unique application scenarios. Of course, virtual currency is more of a kind of speculation in China

at present, bitcoin, Leyte coin, doggy coin, Fuyuan coin and Ruibo coin are well-known virtual currencies in China

the ancestor and overlord of bitcoin cryptocurrency, so far no one can shake its overlord status; The ancestor of Leyte and Shanzhai is an unsuccessful test of bitcoin; Dog Coin caters to the needs of western small reward culture; Fuyuan coin jewelry instry commercial application points system, an application-oriented encryption digital currency; Ruibo coin is on the high road, and the founder has a large number of Ruibo coins.

7.

The main currency in Europe is the euro

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

The euro became the only legal currency in the euro area in July 2002. The euro is managed by the European central bank system, which consists of the European Central Bank and the central banks of the euro area countries. In addition, the euro is also the currency of six non EU countries (regions), namely, Monaco, San Marino, Vatican, Andorra, Montenegro and Kosovo. Among them, the first four pocket countries use the euro according to the agreement with the EU, while the latter two countries (regions) use the euro unilaterally

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euro is the most significant result of European monetary reform since the Roman Empire. The euro not only makes the European single market perfect and the free trade among euro zone countries more convenient, but also is an important part of the process of EU integration

although Monaco, San Marino and the Vatican are not EU countries, they also use the euro because they used the French franc or Italian lira as their currency, and they are authorized to mint a small amount of their own euro coins. Some non EU countries and regions, such as Montenegro, Kosovo and Andorra, also use the euro as a payment tool

the euro is managed by the European central bank system, which is composed of the European Central Bank and the central banks of the euro area countries. The European Central Bank, headquartered in Frankfurt, Germany, has the power to formulate monetary policy independently. The central banks of euro zone countries participate in the printing, casting and issuing of euro notes and euro coins, and are responsible for the operation of the euro zone payment system

source of reference: Internet Euro