1. Interpretation of Several Issues Concerning the Application of Laws in Handling Criminal Cases of Illegal Payment of Settlement Funds and Illegal Trading in Foreign Exchange Article 2 Whoever violates State regulations, engages in illegal foreign exchange transactions such as trading in foreign exchange in disguised form, and disrupts the order of the financial market. If the circumstances are serious, he shall be convicted and punished for the crime of illegal business operation in accordance with the provisions of Item 4 of Article 225 of the Criminal Law.
2. Article 3 Anyone who illegally engages in fund payment and settlement business or illegally buys or sells foreign exchange shall be deemed as "serious" under any of the following circumstances: (1) The amount of illegal business is more than 5 million yuan; (two) the amount of illegal income is more than one hundred thousand yuan.
The concepts of 1 and bitcoin were first put forward by Satoshi Nakamoto in 2008 165438+ 10/,and were formally born in 2009 on 65438+1 0. According to Satoshi Nakamoto's idea, open source software is designed and published, and a P2P network is built on this basis. Bitcoin is a P2P digital currency. Bitcoin transaction records are open and transparent. Point-to-point transmission means a decentralized payment system.
2. Unlike most currencies, Bitcoin is not issued by a specific monetary institution. It is generated by a large number of calculations according to a specific algorithm. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transaction behaviors, and uses cryptography design to ensure the security of all links in currency circulation. The decentralized nature of P2P and the algorithm itself can ensure that the currency can not be manipulated artificially and create a large number of bitcoins. The design based on cryptography can make bitcoin only transferred or paid by the real owner. This also ensures the anonymity of currency ownership and circulation transactions.
3.202 1 June, El Salvador passed the Salvadoran Bitcoin Law, making Bitcoin the legal tender of the country. On September 7th, Bitcoin officially became the legal tender of El Salvador, becoming the first country in the world to give digital currency legal status. On 202 1, 1,1,the price of bitcoin hit a record high, approaching $69,000 for the first time.