What is the purpose of counterfeit currency (is counterfeit currency legal)
What are the uses of counterfeit coins? According to Cointelgraph, according to statistics from Coinmarketcap.com, Bitcoin has increased by 18.5% in the past 24 hours. What are the uses of counterfeit coins? According to the data of Coinmarketcap, a Cryptocurrency data website, from January to June 10, 2019, more than 52000 digital assets were mined in the world, most of which were mined based on the blockchain network; A considerable portion of them are decentralized applications (DApps). In addition, in addition to the price drop, there are also many other types of virtual tokens on the market
Is counterfeit currency legal
According to an article published in Securities Daily, according to relevant laws and regulations in China, counterfeit currency listed in Article 17 of the Securities Law must have characteristics equivalent to currency in order to be recognized as valuable.
. However, currently, due to the significant uncertainty in Bitcoin and digital asset trading, regulatory authorities have restricted or restricted the trading functions, price fluctuations, and usage behavior of certain “virtual currencies”, resulting in market risks Yao Qian, Director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission, responded, “This demonstrates the importance and necessity of the legality and compliance of counterfeit currency
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