With the progress of science and technology, many new products have appeared in the online market. In particular, virtual currency has caused great waves in the money market, the most famous of which is bitcoin. The price of bitcoin has been rising all the way, reaching $60,000 at one time. However, with the restrictions on virtual currency in various countries, the price of virtual currency continues to fall.
There is a case of virtual currency trading in the United States. This is actually a local transaction fraud case in Huajie, USA. In this case, the suspect used the method of telecom fraud to ask others for virtual currency. In this case, Wall Street officials originally planned to launch some virtual currencies to impact the existing virtual currency market. However, this news was leaked privately by the personnel in the draft, colluding with others to buy virtual currency in advance. The fundamental purpose of this is to get a lot of benefits after the listing of the draft. However, this has also led them to the illegal road. After all, according to the existing laws in the United States, information cannot be leaked before the draft is published.
Virtual currency is not guaranteed. The fundamental reason why I say that virtual currency is not guaranteed is that it is essentially different from real currency. Virtual currency can't circulate between countries, especially it can't be truly recognized by the market. So ordinary people can't accept this virtual currency.
Security is not guaranteed. Besides not being recognized by the market, I don't think this kind of virtual currency can be guaranteed in terms of security. After all, virtual currency is not the same as restricted currency and cannot be guaranteed by the financial departments of various countries. After all, as an online virtual currency, it is easy to be hacked. In addition, the price of online virtual currency is uncertain and fluctuates greatly in the international currency market.