Virtual currency LCF approved by China

1.

There is no official recognition of any virtual currency in China. There is also no legal virtual currency

virtual currency is the proct of network, and the flow of digital information in the network is beyond everyone's control. The code of cyberspace is the basis of the operation of virtual currency, investors can only operate through the front-end interface, seemingly "control" the virtual currency. The operator of the virtual currency service organization may become the actual controller of the virtual currency through the control code

bitcoin and other so-called "virtual currencies" lack a clear value basis, the market is full of speculative atmosphere, the price fluctuates violently, and investors blindly follow suit, which is easy to cause capital losses. There is no legal basis for the establishment of various so-called "currency" trading platforms in China

the establishment of all kinds of bitcoin trading places has neither been approved nor supervised. To enlarge the scale of transactions, it is necessary to provide leveraged transactions such as financing and melting coins, which has aggravated the price shocks and bubbles. The public has participated in such transactions without any legal protection. p>

extended information:

virtual currency is not issued by the monetary authority, does not have monetary attributes such as compensatory and mandatory, does not have the same legal status as currency, and cannot be used as currency in the market. In essence, the issuance and financing of virtual currency is a kind of illegal public financing without approval. It is suspected of illegal sale of token tickets, illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities. Investors should not be carried away by "high income"

There are many hidden risks in virtual currency, which seriously affect the financial order. Virtual money pyramid selling breaks through the limitation of traditional geographical space, and if there is a formal company facade as a cover, it can publicize the company on a large scale, and the propagation speed is amazing. If it can not be found and dealt with in time, it will cause great destructive power. In the future, the regulatory agencies can study and explore the relevant business models of virtual currency trading within the scope of controllable risk, improve the regulatory scheme, and promote the long-term regulatory mechanism

2. In the notice on preventing bitcoin risk issued by the central bank and other five ministries and commissions at the end of 2013, bitcoin is clearly defined as a special Internet commodity, and people can buy and sell freely at their own risk, denying its monetary attribute. All financial institutions are not allowed to provide bitcoin related services. Bitcoin related websites must be put on record and require users to carry out real name authentication. Zhou Xiaochuan, central bank governor, said in an interview that bitcoin is a tradable asset like a stamp

in a word, virtual currency represented by bitcoin is legal in China, but the government takes a cold attitude towards virtual currency, which is neither positive nor negative. Most of the major countries in the world also adopt a cold attitude towards virtual currency

since 2015, the popular virtual currencies are bitcoin, Laite coin, Fuyuan coin, doggy coin, reborn coin and so on

it is possible, but at present, the government has not banned it

bitcoin and other virtual currencies exist legally in China. In the 2013 bitcoin risk notice, the central bank and other five ministries and commissions clearly defined bitcoin as a special Internet commodity. People can buy and sell it freely at their own risk. Financial institutions do not have to provide bitcoin related services, denying its monetary attribute. Zhou Xiaochuan, the governor of the central bank, compares bitcoin to a tradable asset like a stamp< Most of the major countries in the world take a cold attitude towards virtual currency. There are several possibilities for countries to ban virtual currency:

1
2. The well-known weaknesses and defects of virtual currency can not be overcome in a certain period of time
3. The government can't stand the use of virtual currency in money laundering and other illegal activities

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

Zhou Xiaochuan, governor of the central bank, said at the Boao Forum for Asia that virtual currency is not a currency approved by the central bank and can not be banned. Since digital currency is not the currency initiated and approved by the central bank, it can not be banned. Digital currency belongs to digital assets, which can be freely traded between indivials. Therefore, digital currency is not MLM, not capital disk, but a kind of financial investment

in fact, the central bank has been studying digital currency for a long time. From the perspective of historical development trend, money has always evolved with the development of technological progress and economic activities. From the early physical money, commodity money to the later credit money, it is a natural choice to adapt to the development of human commercial society. As the currency of the previous generation, paper money has low technology content. From the perspective of safety and cost, it is the general trend to be replaced by new technology and new procts. In particular, with the development of the Internet and the great changes in payment methods all over the world, the establishment of digital currency issuance and circulation system is very necessary for the construction of financial infrastructure and the promotion of economic quality, efficiency and upgrading

does China recognize virtual currency_****** In the notice on bitcoin risk prevention issued by the central bank and other five ministries and commissions at the end of 2013, bitcoin was clearly defined as a special Internet commodity. People can buy and sell bitcoin freely at their own risk, denying its monetary attribute. Financial institutions are not allowed to provide services related to bitcoin, and bitcoin related websites must be put on record, In a word, the virtual currency represented by bitcoin is legal in China, but the government takes a cold attitude towards it, Most of the major countries in the world also adopt a cold attitude towards virtual currency. Since 2015, the popular virtual currencies include bitcoin, Wright coin, Fuyuan coin, doggy coin, Ruibo coin, etc.

Why do not countries ban virtual currency; In other words, what is the connection and difference between the value represented by virtual currency and the value represented by general currency? 3. In view of the depth of the background of the problem, we need to stand higher in the starting point of the research. Currency is a problem in the category of modernity, The problem of virtual currency is the problem of postmodernism. They do not share the same basic paradigm. It is the difference of paradigm, not virtual phenomenon, that leads to the difference between them.

why does China not stop virtual currency_****** As a new thing, virtual currency has its progressive side. One of China's attitudes towards new things is that the law does not prohibit it. However, if virtual currency poses a threat to the existing financial system, the government will take action, What follows is the public...

which countries recognize the legitimacy of virtual currency_****** At present, Japan has recognized bitcoin as legal

is virtual currency recognized by the state_****** No, because it involves money laundering, easy to crash and other factors. Although bitcoin, the most famous virtual currency, can not be said to be suppressed, there are very few transactions between physical objects and virtual currency abroad, and its prospect still remains to be seen, The pure pyramid structure will not be recognized by the state.

is there any policy in China to prohibit the trading of virtual currency****** At the end of 2013, the central bank and other five ministries and commissions jointly issued a bitcoin risk notice, in which bitcoin is clearly defined as a special Internet commodity, and people can buy and sell freely at their own risk, denying its monetary attribute, In an interview with the Boao Forum, President Yang Xiaochuan compared bitcoin to a tradable asset like a stamp, and the central bank has no right to ban it. Since 2013, popular virtual currencies include bitcoin, Leyte, Fuyuan, doggy, etc Is China's virtual currency legal_****** Virtual currency can trade bitcoin, Leyte and ether on chinacoin.com.

is virtual currency illegal in China_****** Virtual currency exists legally in China, but it is illegal to engage in illegal activities by using virtual currency. The notice on preventing bitcoin risks issued by the people's Bank of China and other five ministries and commissions defines the nature of bitcoin, believing that bitcoin is not issued by the monetary authority and has no monetary attributes such as legal compensation and compulsion, Not really...

will China ban all virtual currency commercial transactions? Will virtual currency be banned_****** How to buy and sell virtual currency after China forbids virtual currency trading

how does the state treat virtual currency in 2017****** At present, there is no official recognition of the value of virtual currency in China, but only in some areas suspected of causing actual harm to society, some recognize its existence value

3.

There is no official recognition of any virtual currency in China

different from sovereign currency, the "credit" basis of "virtual currency" is mathematical algorithm, and its price depends on the reliability of the algorithm, market confidence and other factors. There are many defects and loopholes in technology, and its value foundation is very fragile

the China Internet Finance Association recently announced that bitcoin and other so-called "virtual currencies" lack a clear value basis, the market has a strong speculative atmosphere, the price fluctuates violently, and investors blindly follow suit, which is easy to cause capital losses. There is no legal basis for the establishment of various so-called "currency" trading platforms in China

extended information:

in recent years, the price of bitcoin has risen rapidly, attracting a large number of people to enter. A large number of "virtual currencies" followed suit. In 2017, the price of Leyte increased by 476%, the price of Ruibo increased by 54 times, and the price of ether increased by 13 times

Li Aijun, Dean of the Internet Finance and Law Research Institute of China University of political science and law, believes that virtual currency is the proct of networking, and the digital information flowing in the network is beyond everyone's control. The code of cyberspace is the basis of the operation of virtual currency, investors can only operate through the front-end interface, seemingly "control" the virtual currency. The operator of the virtual currency service organization may become the actual controller of the virtual currency through the control code

Li Aijun, Dean of the Internet Finance and Law Research Institute of China University of political science and law, believes that virtual currency is the proct of networking, and the digital information flowing in the network is beyond everyone's control. The code of cyberspace is the basis of the operation of virtual currency, investors can only operate through the front-end interface, seemingly "control" the virtual currency. The operator of the virtual currency service organization may become the actual controller of the virtual currency through the control code

Du Yan believes that the existence of bitcoin and exchanges and other instrial chains has constructed an illegal financial market for asset transfer and financing beyond legal tender, increased the difficulty of regulatory authorities in managing financial security and stability, and promoted regulatory arbitrage and financial crimes. The risks and social security risks it brings to the financial market are far higher than its innovative value

investors should stick to rational investment, not blindly follow the trend, nor take chances. There are risks in investment, especially in the face of a new model, we should be more cautious in investment, so as not to become the target of wealth plunder by criminals

4. The investment value of digital currency is recognized by the public, and the application value of digital currency is also recognized by businesses. More and more countries and businesses agree with the settlement method of digital currency. Virtual currency is the trend of the world's future economic development and is listed as the eighth wave of wealth! In August 2013, Germany recognized the legitimacy of digital virtual currency. In September 2013, Israel recognized the legitimacy of digital virtual currency. In November 2013, Canada recognized the legitimacy of digital virtual currency. In December 2013, France recognized the legitimacy of digital virtual currency. In December 2013, China recognized the legitimacy of digital virtual currency. In December 2013, South Korea recognized the legitimacy of digital virtual currency. In December 2013, Poland accepted the legitimacy of digital virtual currency Recognizing the legitimacy of digital virtual currency in January 2014, Singapore recognized the legitimacy of digital virtual currency in January 2014, Italy recognized the legitimacy of digital virtual currency in January 2014, Australia recognized the legitimacy of digital virtual currency in February 2014, Ukraine recognized the legitimacy of digital virtual currency in February 2014, Britain recognized the legitimacy of digital virtual currency in March 2014, Japan recognized the legitimacy of digital virtual currency in March 2014 Legitimacy of currency in March 2014, Scotland recognized the legitimacy of digital virtual currency in March 2014, Indonesia recognized the legitimacy of digital virtual currency in March 2014, Denmark recognized the legitimacy of digital virtual currency in March 2014, the United States established the world's first digital asset research institute in November 2014, a major business opportunity: digital currency gold rush sweeping the world! Digital currency ushers in unprecedented development opportunities!

5. LCF is not the Internet of things, and this virtual currency is not legal. The state will not support it. There is no question of legality or illegality. The Internet of things is an important part of the new generation of information technology, and also an important development stage of the "information" era. Its English name is "Internet of things (IOT)". As the name suggests, the Internet of things is the Internet of things. This has two meanings: first, the core and foundation of the Internet of things is still the Internet, which is an extension and expansion network based on the Internet; Second, its client extends to any goods and goods, information exchange and communication, that is, mutual information
normal digital currency generally refers to bitcoin, Ruitai coin, Laite coin and other mainstream digital cryptocurrency.

6.

China's Internet of things LCF digital currency has been defined as fraud, pyramid selling and illegal fund-raising. Police in many places gave warning, involving a statement issued by the Rothschild group and a notice issued by the central bank that no digital currency was released

the following is an authoritative media report:

a few days ago, the netizen "Shanshui" received a message about "LCF". He was not sure whether there was something fishy in it, so he asked Weihai evening news for confirmation

the information is as follows: "LCF Internet of things group, specifically, is a comprehensive platform of Internet of things + virtual digital currency + original stock + consumption rebate jointly built by the Chinese government and the Rothschild family. It is a wealth platform tailored for the Chinese people. In the early stage, the Rothschild family made profits of 1 billion and gave points to high-quality members, At present, there is a chance to get 1000-20000 points before the opening, 1 point and 1 LCF = 3 yuan

after the preferential period, the person who gets the number means that he can register as a member. If the registered member succeeds, he can see the company's free bonus points on his own account. What can integral do

the free points can be circulated in the platform for shopping, tourism and insurance. After the official opening, the platform will connect 50000 shops, 100000 kinds of famous and high-quality procts at home and abroad, 100 types of grounding gas insurance, and 500 boutique tourism routes. Early gift points, we are zero investment, zero risk, do not pay a cent yo

the reporter consulted the Economic Investigation Department of Weihai Public Security Bureau for this purpose. The economic investigation department said that the project has been confirmed by many domestic police as suspected of illegal pyramid selling and illegal fraud, and its communication mode conforms to the definition of pyramid selling. The main targets are housewives and middle-aged and old men who don't know much about the Internet

through the registration of free virtual points, posts and other incentives to join the organization, and constantly develop offline, in exchange for the so-called virtual points. After entering the group, first modify the nickname, report personal data, and brainwash through text, lectures, voice sharing, and then carry out fraud. When people encounter this kind of information, they must be alert and not fall into a trap

< H2 > extended information:

December 23, 2016; CO) once again warned the Chinese public about an informal fund-raising activity calling itself the "Rothschild family LCF project"

the fund-raising activity claims to invest in projects related to virtual currency and "Internet of things". Investors should note that the informal fund-raising activities are suspected of falsely using the name of "Rothschild" to make fictitious and informal connections

according to the information currently obtained by Rothschild group, the informal fund-raising activity has been spread by unknown people on wechat, Sina Weibo, Tencent QQ and other Chinese social platforms. Initially, the event led the public to www.hlcf586cn.com Website registration account to invest in "LCF points"

the website has been banned, but we believe that articles and content related to the fund-raising activities are still spread on social platforms. The informal fund-raising activity claims that it will pay dividends in stages according to the time of investors' participation, which is very similar to the Ponzi financial fraud. This informal fund-raising activity is believed to have been in operation nationwide for several months

neither the Rothschild group nor any member of the Rothschild family (also translated as "the Rothschild family") is associated with this fund-raising activity. Rothschild group has taken a series of measures to remind the public to be careful of the informal fund-raising activities under the name of "Rothschild". The measures taken by Rothschild group include:

1. Issuing a public statement on the official website of Rothschild group to warn investors that Rothschild group has no connection with the informal fund-raising activities

2. Contact with domain name suppliers and social networking platforms such as Tencent, Sina and wechat, and ask to close fund-raising websites, delete false publicity information and control new information

3. Inform the relevant regulatory authorities in mainland China and Hong Kong and update them with the latest progress in real time

4. Issue an online statement to warn the Chinese public to distinguish the informal fund-raising activities that use the name of "Rothschild" cautiously

5. Issue a statement to the Chinese media to warn the Chinese public not to believe in informal fund-raising activities under the name of "Rothschild"

the group will continue to work closely with regulators to deal with this matter. Rothschild group suggests that the Chinese public who have participated in the informal fund-raising activities should contact the local police immediately. Rother strongly recommends that all the public who are encouraged to participate in the informal fund-raising and spread the informal information report to the police

7. It's not a legal project. It's a scam
LCF Internet of things refers to the LCF Rothschild family's operation of LCF project (LCF Internet of things virtual currency). This project is not formal, it is a fraud
Hu has a more detailed answer for reference:
Hu https://www.hu.com/question/49391354
if you don't want to see so much, it can be simply understood that the technology of Internet of things has just emerged and has not yet been fully developed, and the Rothschild family will not be idle to seek benefits for the Chinese people, so this must be fake.

8. In the notice on preventing bitcoin risk issued by the central bank and other five ministries and commissions at the end of 2013, bitcoin is clearly defined as a special Internet commodity, and people can buy and sell freely at their own risk, denying its monetary attribute. All financial institutions are not allowed to provide bitcoin related services. Bitcoin related websites must be put on record and require users to carry out real name authentication. Zhou Xiaochuan, central bank governor, said in an interview that bitcoin is a tradable asset like a stamp

in a word, virtual currency represented by bitcoin is legal in China, but the government takes a cold attitude towards virtual currency, which is neither positive nor negative. Most of the major countries in the world also adopt a cold attitude towards virtual currency

since 2015, the popular virtual currencies are bitcoin, Laite coin, Fuyuan coin, doggy coin, reborn coin and so on.

9. The value of digital currency is recognized by the public, and the application value of digital currency is also recognized by businesses. More and more countries and businesses agree with the settlement method of digital currency. Virtual currency is the trend of the world's future economic development and is listed as the eighth wave of wealth! In August 2013, Germany recognized the legitimacy of digital virtual currency. In September 2013, Israel recognized the legitimacy of digital virtual currency. In November 2013, Canada recognized the legitimacy of digital virtual currency. In December 2013, France recognized the legitimacy of digital virtual currency. In December 2013, China recognized the legitimacy of digital virtual currency. In December 2013, South Korea recognized the legitimacy of digital virtual currency. In December 2013, Poland accepted the legitimacy of digital virtual currency Recognizing the legitimacy of digital virtual currency in January 2014, Singapore recognized the legitimacy of digital virtual currency in January 2014, Italy recognized the legitimacy of digital virtual currency in January 2014, Australia recognized the legitimacy of digital virtual currency in February 2014, Ukraine recognized the legitimacy of digital virtual currency in February 2014, Britain recognized the legitimacy of digital virtual currency in March 2014, Japan recognized the legitimacy of digital virtual currency in March 2014 Legitimacy of currency in March 2014, Scotland recognized the legitimacy of digital virtual currency in March 2014, Indonesia recognized the legitimacy of digital virtual currency in March 2014, Denmark recognized the legitimacy of digital virtual currency in March 2014, the United States established the world's first digital asset research institute in November 2014, a major business opportunity: digital currency gold rush sweeping the world! Digital currency ushers in unprecedented development opportunities!