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D digital currency itself is legal in China. Digital currencies are defined as Internet products in China. However, the relevant supervision is still blank, and digital currencies are still in the gray area in China. Well -known digital currencies include Bitcoin, Litecoin, Ruitai, Qianjin Card, dog currency, and so on.

but there are also some non -issued parts of the use of digital currencies for MLM fraud, such as the Weika currency scam exposed by Bitcoin House before, the treasure currency scam, the Portcoin scam, and so on.

The expansion information:

D digital currency is different from virtual currencies in the virtual world because it can be used in real goods and service transactions, not limited to online games Essence Early digital currency (digital gold currency) was a form of electronic currency named after gold. Digital currencies, such as Bitcoin, Litecoin, and PPCoin, are currently relying on verification and password technology to create, issue and circulate electronic currencies. It is characterized by the use of P2P peer -to -peer network technology to issue, manage and circulate currencies. Theoretically avoids the approval of bureaucratic institutions, so that everyone has the right to issue currencies.

Reference information Source: Baidu Encyclopedia: Digital currency

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