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Why Virtual Currency is an Inevitable Trend

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Why is virtual currency an inevitable trend? Editor\’s note: This article is from

Why Virtual Currency is an Inevitable Trend

Why is virtual currency an inevitable trend? Editor’s note: This article is from the Fēnghuǒluán Community (ID: FHBT18), author: Péipéi, authorized reproduction by Odaily Star Planet Daily.

Hello everyone, recently, I want to talk about the significance of virtual currency. Since this term is related to blockchain, it is actually a phrase we often hear, that is, “digital assets” are a new form of financial investment and a new investment tool, with the main purpose of risk avoidance and investment return enhancement.

Bitcoin, born in 2009, was called “gold” at the time because it was the oldest cryptocurrency in the world. Its appearance has allowed many people to have a better concept and a stronger understanding of it. However, as the online world has become more and more popular, Bitcoin has developed into a whole new stage. And now, there are also a large number of Bitcoin addresses in the market, with nearly 1 million BTC in value. Many of these addresses are on Ethereum, which is used by miners for mining. So if someone thinks that this is the currency in a future type of wallet, have you ever thought about why?

So what is “virtual currency?”

Why is virtual currency an inevitable trend?

Technically speaking, virtual currency is different from ordinary cash equivalents. Generally speaking, when you pay with your mobile phone, you need to buy a bank card or a debit card first, and then deposit all the funds in your bank account into the wallet to withdraw cash. For example, Alipay, WeChat, and Baidu all support this payment method, and they also come with a QR code that can be directly used.

But in real life, most people’s electronic devices may not be convenient to carry, and some companies may even choose to purchase smart hardware wallet devices as their daily consumer goods to save costs. Of course, some unfamiliar friends may ask, “I personally feel that it’s a bit complicated.” However, because there are no substantial projects on the market at the moment, and the trading platforms are relatively developed, virtual currency, apart from speculation, does not have any other application scenarios. After all, the virtual currency market is very large in traditional industries, especially for small retail investors in the industry. Although most domestic users have not been in contact with digital currency, they are very concerned overseas and are also among the many players who hold a large number of bitcoins and above. “Do you think Bitcoin mentioned here can really achieve true financial freedom?”

According to Article 25 of the Securities Law, listed companies must have authentic and effective financial data. Listed companies must have sufficient information disclosure authority and provide credibility for relevant information, otherwise they will face huge losses. In addition, there should be no major risks in the operation of the company itself, such as business failure, bankruptcy, etc., resulting in the inability to recover investors’ funds in time. This also includes illegal acts such as legal liability, default handling, anti-money laundering, and tax evasion. In addition, if changes occur during the stock issuance process, they will be borne by the regulatory authorities. If illegal acts that may cause economic losses are discovered, they should be immediately reported to the relevant departments. (I am Ài Xī ōu’s little brother, Ā Māo me)

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