They generally do not impose various economic sanctions against their own citizens.
-小蛋挞
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Why is virtual currency not allowed in the country?
Illegal cryptocurrencies have already perfectly bypassed foreign exchange controls to a certain extent. If cryptocurrencies were allowed legally, it could even directly undermine the Golden Tax Phase IV.
If you sell a house in a first-tier city and receive 5 million cash, and you want to exchange this money for 700,000 USD to transfer abroad.
The bank has a foreign exchange limit of 50,000, and remittances also have a limit of 50,000, which serves as double insurance. It would take 14 years to complete the transfer.
If you use someone else's quota to convert to cash in USD and try to exit the country personally, carrying more than 5,000 will be regulated.
If you use someone else's quota to transfer to your overseas card, exceeding 3 individuals will attract attention. If you want to carry RMB out of the country and then exchange it for foreign currency, an individual can carry no more than 20,000 at a time.
If you want to remit RMB abroad, sorry, you can't remit even a cent. All legal paths you can imagine are blocked. Now back to cryptocurrencies.
If there are no quota restrictions, they can perfectly bypass the system. If there are quota limits, assuming the foreign currency is 50,000 USD, you can utilize someone else's quota. 14 people can help you exchange 5 million RMB and then put it on a USB drive to take abroad. As long as you don’t say anything, no one will know.
In summary: cryptocurrencies, in a sense, are equivalent to precious metals. They have similar properties to precious metals: decentralization and anonymous transactions, which leads to a completely uncontrollable state for centralized national finances.
With the advancement of time, precious metals have gradually withdrawn from circulation, primarily due to physical laws at play. Compared to fiat currencies, they are too inconvenient. However, cryptocurrencies are not constrained by physical laws, making them almost as convenient as payment platforms like Alipay and PayPal.
Even if we set aside the issue of foreign exchange controls, if everyone were really allowed to use cryptocurrencies, the Golden Tax Phase IV would become a joke. Who can tolerate that? #中美贸易谈判 $BTC
Haha, Binance founder CZ has arranged an offline conference with gold supporter Peter Schiff to debate whether gold or Bitcoin is better.
To confront this old guy face to face, CZ had someone bring a piece of gold and questioned gold supporter Peter Schiff, 'Do you see this in my hand? Is it real gold or fake gold?'
Is anyone playing this event from the official side next door? Giving away 100U? Is it for real?
链上捞金puppies
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Bullish
$ASTER 🔥🚀 {future}(ASTERUSDT) 🔥No more pretending, it's time to reveal! That's right, I'm on-site at the Binance Blockchain Week in Dubai😄🤣 Congratulations to the top sister for being promoted to Co-CEO of Binance! Dressed in green, you know what that means!
💥CZ says: There will be more new highs in the future!
💎ASTER; · Currently showing strong accumulation, increasing trading volume, and a stable bullish structure! · This clearly indicates that a strong upward trend is coming soon🚀 · Should we miss the entry point this time? If not now, when?
Customer service representative Xiao He always comes on stage to tell jokes, without any pretensions. Then there was a very funny question: "Sister, how do you maintain yourself so well?" Sister replied, "It's because of a good makeup artist" 😂$BNB @Yi He
$BNB launched the “Children's Version of BNB,” targeting minors aged 6-17, focusing on the idea that cryptocurrency speculation should start from a young age……
This is outrageous‼️
Wait a minute, something feels off 🤨, something feels off 🤨.
It's nine points out of ten that something is off.
Could it be that I guessed right?
Ever since Sun wanted to short Trump’s $WLFI , and then his address was frozen by Trump, WLFI has been without a trader.
When Trump pardoned CZ, and CZ said he wanted to make the U.S. a cryptocurrency powerhouse, I speculated: Trump, is he preparing to let CZ take over WLFI's mess? 🤔
After all, WLFI is clearly Trump’s money-making tool 🧰.
If WLFI doesn't skyrocket, how can our great Trump make money?
CZ is best at calling shots, pumping, and controlling the market……
Trump can only turn WLFI into a “super giant,” breaking 20U per unit, punching BNB, and kicking ETH, by collaborating with CZ.
What?
Why connect the children's version of BNB with Trump?
It's simple……
Trump just launched a “Trump Account Plan,” with the core idea being: to ensure “every child becomes a capitalist.”
Trump will inject a one-time seed fund of $1,000 for these children.
On this basis, the children's parents, employers, and philanthropists in society can also donate to these children to increase their capital……
So far, the capital amount for these children has already soared to $1,250 💲.
CZ launching a children's version at this time is clearly supporting Trump's “little capitalists” plan.
Can CZ still say he has no connection with Trump?
This is clearly supporting Trump, right?
If that's the case, not only can WLFI and BNB be laid out, but America's $ONDO can also be laid out.
ONDO is pegged to U.S. bonds, and when the U.S. economy prospers, ONDO will inevitably rise.
This is a real conspiracy.
By the way…… with a capital of 1250U……
These American kids, entering the capital market, have more capital than over 90% of Chinese adults, right?
At least…… I estimate that the capital of these American kids can exceed 90% of the square bros 🤣🤣🤣
A group of adults is still here fighting over 10U.
American kids start off with 1250U.
What a heavy sense of disconnection. {spot}(ONDOUSDT) {spot}(WLFIUSDT) {spot}(BNBUSDT)
#币安区块链周 #加密市场观察 #比特赏银 $BTC $BNB $ORDI The content review for self-media in mainland China is too strict; even posting a comment requires facial recognition. In this way, how can finance be competitive globally?
Local time on December 1, the three major U.S. stock indices collectively fell, with the Dow dropping 0.9%, more than 420 points, the Nasdaq falling 0.38%, and the S&P 500 index declining 0.53%.
The Bank of Japan's interest rate hike signals have triggered turbulence in the global bond market, with the most pronounced declines occurring in the heavily invested "crypto" sector. Bank of Japan Governor Kazuo Ueda hinted on Monday that there may be a rate hike this month, causing the yield on Japan's two-year government bonds, which are particularly sensitive to interest rate expectations, to surge above 1% for the first time since 2008. As a result, the yield on U.S. 10-year Treasury bonds jumped nearly 8 basis points to 4.09% on Monday, marking the largest increase in over a month.
On the evening of December 1, the cryptocurrency market experienced a fierce sell-off, with Bitcoin briefly dropping below $84,000 before gradually rising to $86,000. According to Coinglass data, nearly $1 billion in cryptocurrency contracts were liquidated within 24 hours, affecting 273,200 people.
Building an ETH Private Chain using Geth (POA#POW)
An article written a few years ago, today I did a live stream to play with a chain, so I'll publish this tutorial, friends who love to study technology can explore and play with it! 1. Preparations 1.1 Basic environment preparation A Linux server, the blogger uses CentOS, Ubuntu is also fine, the commands are similar Configure the server's basic environment, execute system updates and install necessary software commands yum update -y && yum install git wget bzip2 vim gcc-c++ ntp epel-release nodejs tree -y 1.2 Install Geth and Tools Ethereum provides executable file downloads for various versions of Geth and toolkits, you can choose the version yourself, it must be Geth & Tools, using the latest version is not recommended, the version used by the blogger is eth-alltools-linux-amd64-1.9.24-cc05b050, the latest has reached 1.10.26.
#加密市场回调 #朝鲜13部围堵加密货币 $BTC $ZEC $ORDI Recently, thirteen departments in North Korea held a closed-door meeting to contain cryptocurrency. This is to pave the way for the issuance of a centralized 'People's Stability' coin under absolute control, following the failure of the digital currency issuance. The official regulations have led to a compliant output of migrant workers in Dandong earning 3000 RMB per month, with only about 500 RMB sent back home, resulting in a net gain of 2500 RMB for the generals, making life difficult. The domestic economic activities lack vitality, with severe capital outflow and no defense against the US dollar.
#加密市场回调 #朝鲜13部围堵加密货币 $BTC $ZEC $ORDI Recently, thirteen departments in North Korea held a closed-door meeting to contain cryptocurrency. This is to pave the way for the issuance of a centralized 'People's Stability' coin under absolute control, following the failure of the digital currency issuance. The official regulations have led to a compliant output of migrant workers in Dandong earning 3000 RMB per month, with only about 500 RMB sent back home, resulting in a net gain of 2500 RMB for the generals, making life difficult. The domestic economic activities lack vitality, with severe capital outflow and no defense against the US dollar.
I randomly bought two coins in my wallet today and encountered this type of scam. 20000 u is all gone. Can any knowledgeable brothers or sisters explain it to me? I have all my savings, and I really want to cry but can't.