List of virtual currencies recognized by the people's Bank of

1.

There is no legal virtual currency in China

according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market circulation, and citizens' investment and transaction of virtual currency are not protected by law

the popular digital currencies in 2013 are bitcoin, Leyte coin, infinite coin, quark coin, zeta coin, BBQ coin, pennies (Internet), invisible gold bar, red coin and prime currency. 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"

extended materials

at present, there are mainly four types of virtual currency in the market:

1. Game currency developed by game operators for players to use as a trading medium in online games

2. Special virtual currency issued by portal website or instant messaging tools for use in the operating cyberspace

3. An interactive virtual currency that can be used in the issuing entity of virtual currency and can purchase goods and services from non issuing entities; 4. Based on cryptography and modern network P2P technology, a special electronic and digital network cryptocurrency is proced by complex mathematical algorithm

particularity of virtual currency

1. Personalized virtual currency market will play a role in promoting traditional instries

with the development of game instrialization and instrial Gamification, indivial freedom has been comprehensively developed, that is, personalized self realization, which will become the ultimate goal of instrial upgrading. Traditional instries, including proct manufacturing and service instries, will take the satisfaction of spiritual and cultural values as the pursuit of added value of procts and services. Virtual currency will have its own cultural value orientation

2. Besides liquidity and value-added, personalized virtual currency will have information function

the biggest difference between personalized virtual currency and stock market is not only the integrated pricing function with reference points, but also the distributed pricing function with reference points. This process is not completed in the virtual money market, but in the development of personalized modern services

3. In the future personalized virtual currency trading market, price level information similar to today's stock index will also be formed. But different from stock index, personalized virtual currency price index will not reflect investment value-added information, but entertainment value, cultural value, spiritual value, freedom value and personality value similar to cool value

2. After the people's Bank of China announced the launch of digital currency as soon as possible in January this year, Zhou Xiaochuan, governor of the people's Bank of China, recently gave a detailed description of the development of digital currency in an interview with Caixin weekly
Zhou Xiaochuan pointed out that as legal tender, digital currency must be issued by the central bank. The issue, circulation and transaction of digital currency should follow the idea of integration of traditional currency and digital currency, and implement the same principle of management. That is to say, q-coin and the like are definitely not good
as for whether to use blockchain technology to create digital currency. Zhou Xiaochuan said that the blockchain technology is an optional technology, but so far, the blockchain still occupies too many resources. Whether it is computing resources or storage resources, it can't cope with the current transaction scale, and whether it can be solved in the future depends on it. Zhou Xiaochuan said that in addition to blockchain technology, the digital currency research team of the people's Bank of China has also concted in-depth research on other related technologies involved in digital currency, such as mobile payment, trusted and controllable cloud computing, cryptographic algorithm, security chip, etc
it is certain that the digital currency issued by the central bank can never be the same as bitcoin, Ruitai, Qianjin card and other digital currencies. The digital currency issued by the central bank is just the digital currency.

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 people's Bank of China has not issued digital currency for the time being, so there is no legal digital currency in China at present. At present, digital currency has not been recognized in China, let alone legal

at present, all kinds of digital currencies circulating in the market are basically on the edge of the law. China maintains a neutral attitude, but does not like speculation, which is also the basic attitude of the central bank{ RRRRR}

< H2 > development materials

digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English and the alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency

5. In real time transaction, the transaction shall be made according to the current price
in the case of hanging order transaction, the transaction will be made according to the price you give (if it can be done), and if the real-time price is the best, the real-time price will be used.

6. Of course not. The following is excerpted from evolution of currency: digital currency

before the advent of bitcoin, all payment systems were based on central authorities (such as banks, payment services, etc.), and customers opened accounts and operated. Therefore, with the permission of the bank, the transaction can be completed through "confirmation", "guarantee" and "execution". At the same time, users need to be completely dependent on banks and other top institutions. Money in the banking system can be monitored, frozen, seized, and cut by inflation

bitcoin system is different. Bitcoin technology enables users not to rely on the guarantee of a third party - all transactions are checked and authenticated by the bitcoin decentralized network, and its functions are also distributed, just like torrent network. Bitcoin system does not belong to anyone, its users are equal, the program source code is open and anyone can view, so as to ensure independence, fairness and security. To create an account and start using bitcoin, users don't have to show their identity or get approval - just connect to the network and install the program wallet. At the same time, all transactions can be carried out directly without freezing. Bitcoin can not only be converted into national currency, but also be used directly in some stores

the independence of bitcoin eliminates the external influence on the network, which is the key advantage compared with the banking system. The timetable of the new bitcoin derived from the algorithm has planned the issuance of the next few decades, directly excluding the uncontrollable inflation in fiat money. No intermediary means no transaction fees or very little. The continuous operation of the network can ensure that users can automatically remit any amount of money in 10 minutes anywhere - without intermediary, restriction and risk. Not long ago, it was hard for people to imagine, but now as long as they can access the network, all this can become a reality.

7. Think of bitcoin as a collection
as long as someone wants the stamps, they can still be sold at a high price.