1 thought on “How to think of major banks to release virtual currency transactions?”

  1. This statement, as well as the corresponding banking measures, will cause the following impacts:
    1) Virtual coin traders are more difficult to use the domestic banking system for gold and gold operations.
    ) In the virtual currency channel, anti -money laundering and anti -bribery strengthened.
    3) Due to the ban on the bank and the operation of the corresponding province and cities' implementation of the operation of the bit machine mining machine, it will cause our overall retracement in the virtual currency derivative financial market. The increase in capital may have adverse effects.

    It prohibited this time, the color of the administrative command is relatively large, and it is not prohibited from legal.
    Because of legal prohibition, it is necessary to pass legislative review, including the review of the National People's Congress. On the one hand, the efficiency is slow, and on the one hand, it may not be able to obtain an overwhelming majority votes.
    From the perspective of information, it is mainly for supervision meetings and verbal warnings:

    "Virtual currency transactions and speculative activities have disrupted the normal order of economic and financial systems. They increase the risk of illegal cross -border transfer assets and money laundering. "

    The main measures are to guide transactions through the window of the banking system. Domestic trading platforms, but virtual currency trading platforms overseas, still provides various P2P gold and gold channels.
    The individual users still obtain Bitcoin through these channels or replace virtual coins into RMB.

    The main channels are personal WeChat transfer, Alipay transfer, and bank card transfer.
    In broad, the current WeChat transfer, Alipay transfer, eventually corresponding to various banks in China.

    then if major banks claim that they no longer accept indirect transactions of virtual currencies, it means to strengthen supervision and supervise the purpose and source of personal transfer.
    The bank account or Alipay account that has been engaged in virtual currency transactions for a long time. Once there is a discharge, you can use bank accounts to control data,
    The account is frozen.

    Since this is the financial control within the bank, it is not affected by legal terms, and the action is rapid. You can freeze your account and bring a lot of trouble to individuals.

    of course, because the behavior does not have legal support,
    as a personal user,
    can also require banks to unlock the account through legal means,
    The account operation has nothing to do with virtual currency,
    or non -critical drying people, not bribery and money laundering.
    Even if the proof is successful,
    will also affect huge,
    greatly supports the confidence of virtual currency holders and traders.

    of course, this measure is also a double -edged sword,
    Domestic banks have banned virtual currency -related operations,
    whether there are assets flowing to foreign bank accounts, or foreign banks The offshore account is not directly guided by the People's Bank of China, does
    Is the loss of bank deposits.

    because Chinese residents can buy foreign exchange $ 50,000 each year. If this license is transferred to a foreign currency account, it will inevitably affect the domestic banking industry.

    If anti -bribery, anti -money laundering intensity has increased many reasons for the people's bank on virtual currency transactions, mainly including:
    r
    The biggest problem with decentralized virtual currency is difficult to supervise.
    Once the user is used to using a virtual wallet,
    is difficult to implement frozen accounts, compulsory repayment and other measures like the original financial system, and
    . It can not even collect taxes.

    For the past few years,
    has retracted the cash withdrawal, strictly control invoices, and unified tax reporting, etc. Increased, the role of the National Taxation Bureau is increasingly increasingly inclined to the Federal Taxation Agency in the United States.
    At the same time, through the discovery of digital currencies,
    is combined with the People's Bank of China. The tax department can master each person's cash flow in hand,
    The tax audit at any time, r
    believes that many people will have a few questions that cannot be answered.

    The characteristics of virtual currency decentralization, encryption, and difficulty in supervision,
    Keng with the requirements of the Taxation Bureau,
    N, isn't it a lack of money bags if it does not hit you.

    So
    With the acceleration of digital currencies,
    The virtual currency will also be hit by the next stage.

    It the disadvantages of strengthening supervision before, the first disadvantage of strengthening supervision is that it is possible to transfer part of the funds that are willing to participate in virtual currencies and transfer it to the offshore account of overseas banks go.
    The on the one hand from the supervision of the People's Bank of China, on the other hand, it will also cause corresponding financial capital loss.

    On the other hand,
    The global virtual currency transactions have formed a huge financial market of about 8 trillion to 10 trillion yuan. (Mainly Bitcoin)
    is still expanding.
    In the development of blockchain, various application scenarios and financial scenarios are also constantly emerging.

    If of Defi borrowing, decentralized exchanges, virtual asset NFT and other variants. There are a small part of tools that have deceived nature, but there are also some that can stabilize, in the West, in the West Play an increasingly important role in society.

    So the current shutdown and prohibition of transactions.
    In the short term, the scope of the use of virtual currencies has been cracked down, the waste of electricity is reduced, and the outflow of funds is avoided.
    But in the long run,
    Is let us completely inside this rapidly developing financial market and financial opportunities,
    is difficult to confirm.
    not to mention,
    The prohibition of transactions unilaterally,
    or frozen accounts,
    lack of clear legal basis and credibility,
    can easily bring individual investors to bring brings Panic,
    to accelerate the escape from funds.

    This point,
    our long -term goals and financial value.
    This is a place to think about financial regulatory agencies and financial units.
    If in terms of strength, it is inferior to the supervision of September 2017. In September 2017, the seventh ministries and commissions jointly issued a document to cancel all the virtual currency trading platforms in China at that time, and the rectification time of one month was limited. This time, it was just a comprehensive cleanup and rectification of the domestic virtual currency mining industry, and banned major banks and payment institutions from using platforms for virtual currency transactions.
    We we might as well stand on a large background to understand why the transaction of virtual currencies is currently closely prohibited.
    . More than 80%of the current global virtual currency trading market value comes from US dollar transactions. Including the anchor currency USDT and USDC, which are used in several large platforms in China, are also equivalent to the digital dollar that is equivalent to disguised. The essence behind it is still using the U.S. dollar to trade, and the current over -issuing and depreciation of the US dollar has become a big trend.
    From a state point of view, the transaction of virtual currency is equivalent to the loss of domestic assets to a certain extent. Under the current background of strict supervision of the entire foreign exchange financial industry, this is obviously unreasonable. The U.S. dollar that the Federal Reserve will eventually return to the United States, which will also lead to the sharp expansion of the bubble of U.S. stocks. In the end, the serious damage is the US economy.
    So in recent days, the central bank explicitly banned parts of banks and financial institutions, and the transaction of virtual currencies was not simply monitoring the virtual currency industry. The game behind it still belongs to RMB and US dollars. The virtual currency headed by Bitcoin itself has decentralized attributes, but this decentralized attribute is inseparable from centralized trading platforms and centralized entry -exit gold. This is a problem in itself.
    Stocks are a digital technology product. There is no endorsement of the central bank of the country, so it does not have the attributes of currency, but because of its special attributes, it has become a "global general currency."
    but virtual currencies have not brought real benefits to countries around the world. Instead, they waste a lot of social resources, and there are many negative impacts.
    is because of this. At present, most countries in the world do not recognize the status of virtual currencies, and even some countries have clearly stated that virtual currencies are illegal currencies. In the treatment of virtual currencies, the central bank of my country has begun to rectify.
    The central bank issued an announcement on the afternoon of June 21, 2021. The announcement pointed out that the relevant people's banks have recently provided service issues for the speculation of virtual currency transactions on banks and payment institutions. Part -time banks, Industrial Bank and Alipay and other banks and payment institutions.

    This notification clearly requires that major banks cannot provide services for Bitcoin transactions.
    The requirements for 4 points:
    1. Effectively fulfilling the obligation of customer identity identification and shall not provide account opening, registration, transaction, liquidation, settlement and other products for related activities;
    2 2 2 2 Each institution should comprehensively investigate and identify the fund account of the virtual currency exchanges and off -site traders, and cut off the trading fund payment link in time;
    . The characteristics of the capital trading characteristics of the virtual currency transaction speculation activities should be analyzed and the technical investment should be increased. Improve the monitoring model of abnormal transaction and effectively improve the monitoring and identification ability;
    4. We must improve the internal working mechanism, clarify division of labor, compact responsibilities, and ensure the implementation of relevant monitoring and disposal measures.
    In after the central bank issued a notice, major banks also responded in a timely manner to cut off the relationship with Bitcoin and prohibit services for Bitcoin transactions.
    The reason why the central bank is prohibiting banks from providing services for virtual currency transactions, it can only be said that virtual currency has a lot of negative effects. The negative value brought by it is far higher than the value of contributing to society. Value is mainly reflected in several aspects.
    1. Disrupt the financial market.
    The financial market is a very serious thing. Each country has a strict supervision of the financial market. Especially for currency, the currency is basically issued by the central bank of each country. , So the credit degree is very high.
    But with the continuous improvement of blockchain technology in recent years, some companies have developed various virtual currencies, and they have regarded themselves as "central banks", but these virtual currencies are not in the true sense of currency, but they are A digital product is now traded as a currency and is not regulated, which completely disrupts the normal financial order.
    It if anyone can issue currency casually, it can also be traded normally without any restrictions, then the entire market will be messy.

    2. Provide payment tools for illegal transactions.
    The reason why virtual currencies are sought after in recent years are sought after by everyone because it is not subject to any constraints and it is difficult to regulate. Therefore, virtual currencies have become the main trading tools for some criminals.
    For example, many people are laundering through Bitcoin at present. A Bitcoin hundreds of thousands of Bitcoin can be washed away by 10 million funds. This will cause the society to cause the society very much Large losses will also further increase the arrogance of criminals. This will promote activities such as drug trafficking, robbery, fraud, bribery and bribery, arms sales, and terrorists.
    So the central banks of various countries now hit these virtual currencies, in fact, to break the trading of these criminals, so that they have nowhere to find.
    3. The interests of small investors are harmed.
    It virtual currency has been seriously separated from supervision. Without the regulatory environment, virtual currency is like a liberal Mustang. As a result, we see that the virtual currency ups and downs is very normal.
    This of virtual currency's ups and downs has made some people become upstarts, but more injured are some small investors. These small investors blindly enter the virtual currency. People may lose tens of thousands of hundreds of thousands within a day. If this kind of investment chaos is not stopped, more serious things may happen.

    4. Wasting a lot of electricity resources.
    Stocks are completely a digital product. Although this product can drive the sales of some products such as computers, mining machines, power generation equipment, it seems to have a certain promotion effect on economic development.
    But compared to this role, a large amount of electricity consumed by virtual currencies far exceeds the value it can bring.
    For example, based on data from the Cambridge University replacement financial research center, as of May 7, 2021, the annual power consumption of global Bitcoin mining was about 134.89 billion kWh. This power consumption can be ranked all over the world. The 27th of the country has exceeded the total power consumption of Sweden for a year.
    The waste of this power resources is shocking.
    is also because the negative impact of the existence of virtual currencies is very great. This negative value far exceeds the value created by virtual currencies for the society. In the normal state, only under the framework of financial activities into the financial supervision can it bring a positive role to the society.
    good news! In fact, the hotness of the currency circle before has nothing to do with our ordinary people. Whether it is the mine owner or the coin speculators, they have nothing to do with our money. Instead, they may laugh at us and can't make money. Only when you need to cut the leeks, will you blow up the currency circle and let ordinary people come in to take over.

    . However, there are indeed many good news recently. On the one hand, the virtual currency policy is constantly tightening. Not only the major banks are restricting virtual currency transactions, but now Alipay also limits virtual currency transactions. Based on the constant retirement of the mine in various places, it can be said that it is a major good for us to eat melon!

    The friends who may stinky games should be the best. Before the Baidu graphics card, it can be said that it is a gathering place for an enthusiast. Unfortunately, I do n’t know when it has become a mining. What is discussed in the post is not the installation configuration, but how to mine.

    Of course, this is not wonderful. After all, the price of the graphics card rises and rises, and some graphics cards even if you want to spend more money. Recently, the installer of station B has also spoke. Recently, it is difficult to mine. We can finally buy a normal price graphics card.

    I I have a negative view of the currency circle. This stuff does not create value, and even the stock market is not as good. At least the stock market also undertakes the task of financing for enterprises, and also accepts legal supervision. The currency circle is known as decentralization, which is actually the meaning of no one. If the market is not good one day, you have no way to pull your network cable.

    Maton who loves to play, at least in China, not welcome these people.

    will always remember one sentence: the money on the gambling table, as long as you don't leave, will never be yours! As the supervision of virtual currency has become stricter, the central bank has recently released a big move.
    The interview with a number of banks and payment institutions, requiring it to not provide services to the activities of related virtual currency transactions.
    Sub -subsequent, Agricultural Bank of China, CCB, ICBC, Postal Savings Bank, Industrial Bank, and Alipay have announced the definition boundary with the virtual currency.
    followed by the undoubted virtual currency diving:
    Bitcoin's decline was close to 10%, and 32,000 points were broken;
    Points are below;
    In addition, other non -mainstream virtual currencies also have to varying degrees of decline.
    Che more than 170,000 people in the virtual currency market have exploded within the past 24 hours, with an amount of more than 6.5 billion.

    For the post -issuing document, the entire market of virtual currency is still falling sharply. The points mentioned above have all fallen below.
    In addition to maintaining a high -voltage situation from banks and payment institutions, many places in the country have begun to ban the behavior of "mining machine mining", because this stuff is to be honest, it is too much electricity.
    The news some time ago said: The power consumption of mining consumes the power consumption of a small country.

    It's high -pressure trend of virtual currency in various aspects of the recent one, it is not difficult to find that the above attitude towards virtual currency is very determined: it is to be comprehensively clear. The decline of virtual currency will not change in a short time. Don't be lucky anymore.
    Mi many friends who are still in this market can't hear this, but the good medicine is bitter.
    I virtual currency itself is a market that is highly controlled, and it is not within the scope of supervision. As long as it skyrocketed and down, it is bound to be accompanied by a large number of people. What is this? This is cutting leeks.
    Mu you can turn the clouds and rain? Can you fight against capital?
    It, most people enter this market. I heard that a certain outbreak of the virtual currency market broke out overnight and so on, thinking about making money quickly.
    but how much is it collected in the end? If you win a large amount on the gambling table, how many people will accept it when you meet?
    A lack of supervision skyrocketing and plunge humanity, so it is difficult for us to obtain long -term benefits in this market!
    Finally, what I want to say is: this time it is by no means the end of supervision, and the decline of virtual currency has just begun.
    The wealth outside of your cognitive range, even if you earn it, will return it to the market!

    Thank you for your questions. Over time, 90%of countries around the world will prohibit virtual currency transactions. Virtual currency is objectively similar to the establishment of a private financial group. Within a certain range of new payment clearing systems and financial projects that by bypass the statement of payment and clearing systems, there are not many countries that prohibit virtual currencies from prohibiting virtual currencies, but all countries with sovereign currencies will not allow it to allow it to allow it to allow it Bypass the state's payment clearing system and financial supervision.
    In traditional payment liquidation systems, the state central bank is the producer of currency, and banks are the channels for currency distribution and circulation. As the use of banknotes decreases, almost all currencies flow in the central bank's system. It can be supervised. Although the virtual currency is not a true currency, it cannot be used in daily life. As long as the virtual currency is not realized and it has been circulating, his entire circulation process is in a state of dark box operation, and it is difficult to be regulated by supervision. When we often say that money laundering, underground transactions, corruption, and property exit can be achieved very conveniently through virtual currencies, and at the same time provide distribution for virtual currencies. The role, if the financial institution wants to formally do this business, there must be a subject to provide a service for virtual currency to exchange fiat currency. No state subject endorses, and no one dares to buy it. The second is to establish a large virtual currency fund pool, similar to the stock trading market. The two functions of this large virtual currency transaction are collecting a large number of fiat currency. Only enough fiat currency can be redeemed. The other is to maintain the virtual virtual In the valuation of currency, the transactions that have issued a ban on virtual currencies are issued to protect investors who are unknown. Virtual currencies preach liberalism, avoid financial supervision, and avoid taxes. Help them gain liquidity profits themselves.

    1. First of all, this is the specific follow -up measures of major banks after the policy is determined
    2. The original virtual currency was not officially recognized, that is, there is no statutory position
    3. Virtual virtual In the gray area, the impact of the existing financial system cannot predict

    The central bank recently interviewed 6 banks and payment institutions in order to give them a preventive needle: Next country Both virtual currency should be rectified and cleaned up.
    So major banks have begun to issue prohibited virtual currency transactions and establish accounts, which respond to the country's call. Since the birth of virtual currencies, many people have been questioned. Why can such a virtual thing be fried?

    In fact, virtual currencies have emerged in the beginning of this year, and news of diving overnight can be seen everywhere. In addition, no country in the world has established protection laws and regulations for virtual currencies, which also means that in fact, investors holding virtual currencies, once any accidents, will not be helpful, unless you yourself yourself Willing to bear risk.

    This third -party virtual currency is destined to become popular. In the future, it is impossible to see such a scene: buy a bottle of water on the street with bitcoin payment, online Taobao shopping online Pay with Bitcoin. What's more, virtual currency mining itself will waste a lot of electricity and produce carbon dioxide. The country will definitely not be allowed.

    It now clearly stipulates that all service providers must not provide convenience for virtual currency transactions. Not only major banks, Alipay WeChat is not available now. What should we think?

    . There is a huge risk of virtual currency transactions. The current virtual currency traders are basically chives slaughtered by others. Those big and big exchanges are eternal winners. Because it is too easy for them to operate the broader market. Now that the supervision cannot be fully in place, there are many uncontrollable and improper factors in this transaction. Therefore, for personal asset safety, it is better not to play virtual currency transactions.
    It, a large group of investors suffered losses, for the security considerations of everyone. All major banks can not provide services now, which can ensure the safety of our fiat currency and not to be out of place. To set up obstacles for virtual currency transactions, impulse investment, blind investment, and even deceived investment can be reduced.
    It, virtual currency replacement of fiat currency can only be a fantasy of others. The attributes of virtual currencies and gold are similar, but it really cannot completely replace currency, especially in the current time of frequent risks. The ban on virtual currency transactions in major banks is to defend the authority of fiat currency. The status of fiat currency is indestructible.

    . Virtual currency transactions have been sought after by some people from the beginning. I am afraid that it is not as simple as the benefit, and its own problems are the root causes of being prohibited.
    The avoiding foreign capital harvesting!

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