First, although cryptocurrency is not legal tender, it is a valuable commodity. Since it is a commodity, it should be allowed to buy and sell freely.
Second, as a country, it has every right to do anything, close the exchange and even bring all relevant personnel to justice, but the reason why the country has not done so is because since blockchain technology is a direction in the future, what is the reason to ban mainstream cryptocurrencies with real blockchain technology?
Thirdly, from the law of currency development, cryptocurrency is very suitable as a new generation of legal tender, but it cannot be organized by individuals or at will, and the decisive cryptocurrency master btc should have the storage value of digital gold.
Fourth, the blockchain has not been popularized, and the blockchain network has not yet developed to the scale of the Internet. However, as long as there is hope, cryptocurrency should be a good commodity for maintaining and increasing value. At the same time, if the country has a mature supervision system in the future, it can completely bring cryptocurrency transactions into real supervision and increase taxes for the country.
The above personal views are for reference only.
Technically, in the world of the Internet, it is difficult to define national boundaries. It is difficult for any country to absolutely restrict and prohibit online transactions.
Legally speaking, the administrative power and judicial power of any country generally have no extraterritorial effect. Unless all countries in the world form a * * *, it is impossible to close the virtual currency trading platform through administrative orders or judicial rulings.
From an economic point of view, there are different opinions on whether the value of virtual currency is more beneficial than harmful or harmful than beneficial, and there is no unified understanding.
Yes, China has issued an ultimatum to governments all over the world, ordering them to close the bitcoin trading market within 24 hours, or face the consequences.
Rules of international law. No country can go to another country to shut down local servers in other countries! ! As long as the servers are located overseas, China has no right to go abroad and shut down foreign servers.
What happened to virtual currency? Why shut it down? Don't you see someone making money there? You are jealous ... it's not real money, and it can't replace the value of money. This is just a code name. This is called money. Is it real money? Isn't it the same transaction as the stock market? You hate virtual currency so much. What's your mentality? Just like when the stock market just started, you all looked at a new thing with prejudice and ignorance and regarded it as a scourge. Besides, digital currency was born more than ten years ago, not new, but old. More than ten years have passed, and your thinking is still in the state of decades ago! !
The outbreak of the virtual currency market in the last six months has caused many people to focus their eyes and funds on the currency circle. As an old leek for many years, I returned to this market after leaving the currency circle for nearly two years. However, there has been a near-halved plunge in the market recently, and one of the direct reasons is China's policy crackdown on the currency circle. So many people will have such questions. Since China does not accept virtual currency, why not simply close these exchanges so that virtual currency cannot be traded, thus completely cutting off the circulation of virtual currency?
Actually, it's not that China hasn't done this before. One day in the currency circle, everyone knows and remembers it deeply, that is, 2065438+September 4, 2007, which is called "94 incident" in history. Coin circle 94 incident refers to 2065438+September 4, 2007, when the central bank and seven ministries and commissions completely stopped ICO, characterizing ICO as illegal financing, and domestic exchanges were also closed. Look at the seven ministries and commissions in those years: China People's Bank, Central Network Information Office, Ministry of Industry and Information Technology, State Administration for Industry and Commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission. Seven ministries and commissions jointly issued the "Announcement on Preventing the Financing Risks of Token Issuance", and instantly sentenced the currency circle to death. As a result, major domestic exchanges have also closed down and moved abroad. This is the biggest shutdown event in the history of the currency circle. All exchanges can't withdraw cash overnight, and the currency circle is full of sorrow. Most people are heartbroken, and of course some people believe in Bitcoin. Look at everyone's comments at that time and you will know how tragic the currency circle was at that time. However, is the currency circle really completely cold after closing the door to the outside world? Facts tell us that not only was it not deserted, but it also hit a record high at that time two months later, and Bitcoin once exceeded $20,000. You know, this is just over two months after the "September 4 incident", and this high point is also the high point in the next three years.
Since the domestic exchanges were closed before and the currency circle was not dead, there is no virtual currency exchange in China now. Although several major international exchanges are run by China people, their registration, operation and servers are all overseas, and our country has no way to shut them down abroad, so we can only contain them. However, in today's advanced Internet technology, is there really a way to completely block it?
In fact, what I want to say is that our country has frequently cracked down on virtual currency, on the one hand, to avoid ordinary people from taking too much risk, on the other hand, to make virtual currency develop better and healthier. I believe that the country must also know that blocking is not as good as dredging, which is why our country will issue digital RMB. However, the coin circle is too messy. If this market is not standardized, there will definitely be big problems. Therefore, in the future, I think the country will actively explore the regulatory rules of the currency circle. Under the formal supervision of the country, there will definitely be exchanges that truly belong to our country. It's just a long road. This can refer to the foreign exchange margin business. Although the whole world is doing foreign exchange margin business, and China has not opened this market to ordinary people, can it never be opened? Obviously impossible.
It is impossible to close them all because there are too many. According to statistics, there are more than 1 000 exchanges in digital currency, most of which are not in China. How do you turn them off? Unless all countries in the world shut down, this is basically impossible. It's legal in America. If you want to close the digital currency Stock Exchange, you can only close it at home, but it is unlikely. Ou Yi, Huobi and Qian 'an all shut down their servers abroad, but they can't be used at home.
Digital currency is a trend and an emerging behemoth based on the Internet. Blockchain technology is also known as the next generation value Internet, and the application of blockchain is very extensive. At present, the future of artificial intelligence, Internet of Things, virtual reality, government affairs and so on. Blockchain technology will be fully used, and the exchange is a trading bridge in digital currency, and you can also understand it as a value channel.
At present, the three most popular exchanges known to Chinese people are actually laid out by Chinese people. One of them, Zhao Changpeng, Li Lin and Xu Mingxing, I expect that after this bull market, one of them has surpassed the richest man in China. I will calculate the daily transaction volume, handling fee and frequency by myself.
In a word, it is absolutely impossible to close the exchanges, because all exchanges are not only known in China, but also the tip of the iceberg.
Since it can't be stopped, the final result is to either keep up or be abandoned by the times, just like Bitcoin. If it can be shielded, it will be destroyed as early as 20 10.
Finally, even if the exchange is closed, it can only be closed at home, which is basically impossible for other countries in the world. After all, you don't eat this big cake, too many people eat it.
China officially banned all trading platforms, all of which were overseas. But can you go to Wall Street and close an American listed company like coinbase? You must first shoot down the country where the global platform is located [tears]
Your question is funny, just like asking, why don't we cancel the dollar transaction in China? Chinese mainland has no trading platform for a long time, and all trading servers are legal abroad. The only thing we can do now is not to let China people use the payment system. What's the use of banning The more you ban, the more you bounce back. Who do you want to pay is voluntary. Others and even national laws have no right to interfere. Investment is risky. Virtual currency is illegal in China, and all investment risks are borne by yourself.
Everything is reasonable, so is virtual currency, and closing is not an end; Rectifying and making it formal and fair is the way to ensure the safety of citizens' property.
In the era of gold and silver standard, it is impossible to produce virtual currency such as bitcoin, because the credit guarantee of various countries and the currency convertible into gold and silver are valuable currencies. Bitcoin is just a string of numbers and has no value or convertible equivalent at all. Therefore, there will be no virtual currency in the gold standard period, and there will be no embarrassing situation in which the market value of a bitcoin exceeds 1 trillion dollars and the price of a bitcoin exceeds 40,000 dollars.
But before 197 1 years ago, the US dollar was linked to gold, but after the abolition of the Bretton Woods system, the US dollar was decoupled from gold. At that time, 35 dollars was exchanged for 1 ounce of gold, and 50 years later it became close to 2,000 dollars for 1 ounce. In the past 50 years, the dollar has appreciated more than 50 times relative to gold. The currencies of other countries have depreciated badly. From national credit plus gold chain to the end of credit bonus hunter.
As the saying goes, extremes meet. Although virtual currencies such as bitcoin do not have a string of numbers guaranteed by national credit, they are only. However, it has been recognized by participants such as capital, enterprises, investors and innovators. This kind of recognition can't be turned off if you want. As long as there are a few places in the online world that can be exchanged or freely exchanged through virtual currency, it can't be eliminated and banned at all, and it is estimated to be restrictive at most. If we want to eliminate Bitcoin, we must start from the gold and silver standard of the national credit currency, but this is gone forever. Moreover, the same virtual currency has been firmly established and it is difficult to really eliminate it. A war between digital virtual currency and national credit currency has started. Only by adopting a more convergent approach to maintain the relative value of currencies and making the currencies of various countries more convenient to digitize can we better combat the virtual market share such as Bitcoin. The harm of drugs is so serious, but it is still the same, and it is difficult to cure it!