How is SBO virtual currency obtained
in view of the possible risks of virtual currency, many international organizations and central banks have responded publicly to the supervision of virtual currency system. These responses can be roughly divided into four categories: warning and risk warning, supervision and registration permission, legislative norms, and explicit prohibition
(1) warning and risk warning
some central banks and regulators have issued risk warnings against the special currency and virtual currency system. The federal financial regulatory authority of Germany, the Bank of France, the central banks of the Netherlands and Belgium have issued public warnings against the possible money laundering and terrorist financing caused by the use of bitcoin. In the report released at the end of 2013, the European Banking authority (EBA) warned consumers of many risks of virtual currency, such as exchange loss, e-wallet theft, unprotected payment, price fluctuation and so on. Although Spain did not have a similar risk warning, it issued a timely information announcement related to virtual currency
(2) supervision and registration license
generally speaking, international organizations believe that the supervision of virtual currency should find a balance between risk prevention and innovation promotion. Since 2012, Sweden has required transactions related to virtual currency to be registered with financial regulators. Other countries pay attention to qualification supervision, so as to make it indirectly meet the requirements of prudential supervision. In other countries, the regulation mainly focuses on the business model of virtual currency transaction. The financial prudential regulatory authority of France regards the provision of bitcoin circulation and trading services and the act of earning funds in the process as a payment service and requires the authorization of the government. In addition, some countries focus on the intermediary institutions related to virtual currency. The German federal financial regulatory agency and Danish regulators believe that the provision of intermediary services for virtual currency needs to be authorized< (3) legislative norms
at present, some countries have proposed legislation to regulate virtual currency transactions. Canada plans to legislate to allow the government to supervise the transaction of bitcoin, and to include the transaction of more than US $10000 into the scope of suspicious supervision. The United States hopes to adjust the relevant legal structure should be compared with the development of the special currency. In order to make the Bank Secrecy Act (BSA) applicable in the context of network, the financial crime enforcement network (FinCEN) of the U.S. Department of the Treasury issued the explanatory guidance on the behavior and subject definition of private generation, holding, distribution, trading, acceptance and transmission of virtual currency in 2013. The European central bank stressed that it should strengthen international cooperation under the existing legal framework, and regulate virtual currency from the European and global level under the existing legal framework. More countries believe that bitcoin is not a currency in circulation, has no legal status, and does not meet the definition of financial instruments, such as Finland, Sweden, Malaysia and Indonesia
(4) it is forbidden
in some countries, bitcoin related transactions are prohibited. In December 2013, the people's Bank of China banned financial institutions from trading in bitcoin, which was subsequently extended to payment service providers. The central banks of Thailand and Indonesia share the same attitude. The circulation of anonymous internet currency (including bitcoin) is prohibited by the Russian judicial inspection department as a substitute for currency. The Central Bank of Russia has earlier included the provision of bitcoin services in the scope of suspicious transaction monitoring. The U.S. Securities and Exchange Commission (SEC) has banned the issue of unregistered shares in exchange for bitcoin, and unregistered online securities trading activities in virtual currency.
after this madness, where should virtual currency go? According to the analysts of foresight Instry Research Institute, the future development trend of the instry mainly includes the following points:
1. Virtual currency may continue to develop for a long time. Due to the high security of virtual currency, it can't be issued at will, and Chinese and foreign people can't identify the user's identity information in the transaction process, a large number of people have a crazy pursuit of virtual currency
2. Virtual currency may be involved more widely in the future. As long as someone recognizes and uses virtual currency, the existence of virtual currency has value
virtual currency has been developing so far, prosperity and bubbles, wealth and dreams, questioning and supervision are all on the way. Investment is risky, so we should be cautious. At present, such playing methods as bitcoin have not been approved by the regulatory authorities. It is suggested that ordinary investors should participate in the game within their ability.
at present, the coin circle has already passed the stage when indivial investors can make money by investing in projects casually. For high-quality projects, the organization has finished its own work. The projects that retail investors can invest in are basically swindlers who cheat them out of their money
with this money, it's better to find a chance to buy some bitcoin and make money.
sblock interstellar wallet is illegal, which is a token issuing behavior Sblock claims to support not only mainstream cryptocurrencies such as BTC, Eth and sd, but also dozens of other niche cryptocurrencies. In essence, it is an unauthorized illegal public financing behavior, involving illegal business of bills, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid selling and other illegal and criminal activities
relevant departments will pay close attention to the development of the situation, strengthen coordination with judicial departments and local governments, strictly enforce the law in accordance with the existing working mechanism, and resolutely crack down on market turbulence. Transfer the suspect to the judicial organ. p>
the token or "virtual currency" used in token issuance and financing is not issued by the monetary authority, does not have the monetary attributes such as legal compensation and compulsory, does not have the same legal status as currency, and cannot and should not be used as currency in the market circulation
extended information:
announcement on preventing the financing risk of token issuance
strengthen the management of token financing trading platform
from the date of this announcement, any so-called token financing trading platform shall not engage in the trading business between legal tender, token or "virtual currency", shall not buy or sell token or "virtual currency", and shall not provide pricing, information intermediary and other services for token or "virtual currency"
for the illegal token financing trading platform, the Ministry of financial management will require the competent department of telecommunications to close its website platform and mobile applications, require the Internet communication department to delete mobile applications from the app store, and require the administrative department for Instry and commerce to revoke its business license
is illegal
as long as it has the three characteristics of entry fee, offline development and rebate, it can be judged that it is suspected of pyramid selling. It is very simple to identify whether it is MLM or not. As long as it has the following three characteristics, it belongs to MLM. First, it is required to pay the entry fee to obtain the entry qualification
s block interstellar wallet can get 100% to 5% static revenue from the first generation to the 15th generation respectively according to the number of "comet" level users directly developed
extended information:
on September 4, 2017, seven ministries and commissions, including the State Administration for Instry and commerce, China Banking Regulatory Commission and China Securities Regulatory Commission, issued the announcement on preventing the financing risk of token issuance. The announcement pointed out that virtual currency is essentially an unauthorized illegal public financing behavior, which is suspected of illegal sale of token bills, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal criminal activities
from the date of the announcement, any so-called token financing trading platform shall not engage in the exchange business between legal tender and token and "virtual currency", nor trade or act as the central counterparties to trade token or "virtual currency", nor provide pricing, information intermediary and other services for token or "virtual currency"