1, TEDA coin is a virtual currency that links cryptocurrency with legal tender dollar. Each TEDA coin is symbolically associated with legal tender supported by the government. TEDA currency is a virtual currency deposited in foreign exchange reserve account and supported by legal tender. This method can effectively prevent the price fluctuation of cryptocurrency. Basically, the value of a TEDA currency is equal to $65,438 +0. Users can exchange 1: 1 with USDT at any time. The tether company strictly abides by the reserve guarantee of 1: 1, that is, every time it issues 1 USDT tokens, its bank account will be guaranteed by 1 USD. Users can query funds on the tether platform to ensure transparency.
On September 24th, 20021year, the People's Bank of China issued a notice to further prevent and deal with the speculative risk of virtual currency transactions. The notice pointed out that virtual currency does not have the same legal status as legal tender. The main characteristics of virtual currencies such as TEDA coins are that they are issued by non-monetary authorities, use encryption technology and distributed accounts or similar technologies, and exist in digital form. They have no legal compensation and should not and cannot be circulated in the market as money.
You should know that it is not interoperable with the bank card first, which means you can't withdraw money directly from the bank card. If you want to withdraw money from a bank card, you must first turn it into cash. The first thing to do is to sell it and change it into TEDA coins.