Act virtual currency
when the lira was abolished in 2002 and changed into euro, the price ratio of Italy was 2000 lira = 1 euro. If 10 RMB = 1 euro, 200 lira = 1 RMB, 1 lira = 0.5 RMB.
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at present, there are few countries in the world that issue supervision licenses for digital currency asset transactions, such as austrac license in Australia, MTR digital currency transaction / wallet license in Estonia, token license in Thailand and jvcea virtual currency transaction license in Japan
among the digital currency trading licenses in the above countries, Japan and Thailand have too high qualification requirements, and few exchanges or indivials meet the qualification requirements
Australia austrac and Estonian MTR can basically meet the qualification requirements. However, after the amendment of Estonian act on March 10, 2020, and the promulgation of the act on qualification, capital verification and local actual office space, the application cycle will be extended accordingly
at present, only ausrac in Australia is the most suitable license for digital currency asset trading license. It does not need capital verification, certificate fee and local office address. The application cycle is short and the qualification requirements are low. It can basically meet the qualification requirements. It has high international reputation and is the most cost-effective license at present. It can be considered directly
according to the virtual financial assets Act (hereinafter referred to as VFAA) which came into effect on November 1, 2018 by the Maltese Government, a license is required to operate the virtual financial assets (VFA) business. This kind of license is issued by the Malta Financial Services Authority (MFSA). All applications for licenses must be made through qualified VFA agents
according to the virtual financial assets act, according to different types of business activities, the license is divided into four categories:
category 1: investment consulting
the license allows the holder to provide investment consulting and financing services for customers, but not to hold virtual assets on behalf of customers
scope of application: VFA investment advisory bodies
category 2: except for exchanges and proprietary trading, any other virtual asset services
holders of such licenses have the right to provide any VFA services and can hold or control customers' funds, but they can not operate VFA exchanges through their own accounts or operate exchanges by themselves
scope of application: wallets, encrypted financial asset investment funds
Category 3: any other virtual asset services except exchanges
holders of such licenses have the right to provide any VFA services, hold or control customers' funds, but cannot operate VFA exchanges
scope of application: OTC traders or market makers
category 4: VFA exchanges
are authorized to operate VFA exchanges and hold or control customer funds, virtual financial assets and / or private encryption keys, as well as services of custodians or agents, but only limited to the operation and related activities of the exchanges
scope of application: all kinds of cryptocurrency exchanges, such as coin an and okex, need to apply for such licenses
the application cycle is 1-2 months. It is suitable for the exchange to apply for compliance, and can engage in financial services such as ICO, cryptocurrency, etc. for details, please consult.
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
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. In addition, the euro is also the currency of six non EU countries: Monaco, San Marino, Vatican, Montenegro, Kosovo and Andorra.
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 notesthe issuing department of US dollars is Congress, and the specific issuing business is handled by the Federal Reserve Bank. After World War II, Continental European countries and the United States reached an agreement to use the U.S. dollar for international payments. Since then, the U.S. dollar has been widely used as a reserve currency in countries other than the United States and eventually become an international currency
Japanese yen (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 - 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 Cypruson 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
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 unilaterally5, 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
After World War I and World War II, Britain's economic status has been declining, but e to historical reasons, Britain's financial instry is still very developed, and the pound still occupies a very high position in foreign exchange settlement. The British pound is printed with contributing figures and royaltyeuro is the currency of 19 countries in the European Union. The 19 member states of the euro are Ireland, Austria, Belgium, Germany, France, Finland, the Netherlands, Luxembourg, Portugal, Spain, Greece, Italy, Slovenia, Cyprus, Malta, Slovakia, Estonia, Lithuania and Latvian
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. In addition, the euro is also the currency of six non EU countries: Monaco, San Marino, Vatican, Montenegro, Kosovo and Andorra.