How is Bitcoin traded?
Bitcoin is electronic cash similar to e-mail. Both parties need a "Bitcoin wallet" similar to e-mail and a "Bitcoin address" similar to e-mail address. A bitcoin address is a string of letters and numbers about 33 bits long, always starting with 1 or 3.
Currency characteristics of bitcoin
It has the characteristics of decentralization, exclusive ownership, low transaction cost and no hidden cost. Decentralization is the guarantee of bitcoin security and freedom; Manipulating bitcoin requires a private key, which can be stored in any storage medium in isolation, and no one can obtain it except the user; Bitcoin can be remitted for free, but in the end, a transaction fee of about 1 bit will be charged for each transaction to ensure that the transaction is executed faster. Bitcoin does not have cumbersome quotas and procedures, and you can pay if you know the other party's bitcoin address.
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Legal Status of Bitcoin in Various Countries
Germany, 1
At the end of June, 20 13, after the German Parliament decided to hold Bitcoin tax-free for more than one year, Bitcoin was recognized as the "accounting unit" by the German Ministry of Finance, which means that Bitcoin has been regarded as legal tender in Germany and can be used to pay taxes and engage in trade activities.
2. America
20 13 In August, Amos Mazant, a judge of the District Court of Texas, ruled in a bitcoin virtual hedge fund case that bitcoin is a currency and should be included in the scope of financial supervision.
3. Japan
20 17 the Japanese government claims that bitcoin is a legal payment method.
4. China
In China, the Regulations on the Administration of Renminbi stipulates that the manufacture and sale of token tickets are prohibited. Because there is no clear judicial interpretation of the definition of token, if Bitcoin is included in the token, the legal prospect of Bitcoin in China will be uncertain. 20 181.2, People's Bank of China released China Financial Stability Report 2018, topic 12 on "encrypted assets".
Baidu Encyclopedia-Bitcoin