Virtual Money is a digital payment tool based on blockchain technology, encompassing types such as Bitcoin and Q Coin. Since the birth of Bitcoin in 2009, its characteristics of decentralization and anonymity have facilitated cross-border transactions, but it has also become a breeding ground for crimes such as money laundering and pyramid schemes due to a lack of regulation. Countries have varying regulatory attitudes: China explicitly prohibits virtual currency trading and cracks down on illegal financial activities; some countries are exploring legal digital currencies to strengthen monetary sovereignty. Currently, the virtual money market is highly volatile, and investors need to be wary of price bubbles and technical vulnerabilities, viewing the balance between technological innovation and financial security rationally.
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Virtual Money: Opportunities and Risks Coexist
Virtual Money is a digital payment tool based on blockchain technology, encompassing types such as Bitcoin and Q Coin. Since the birth of Bitcoin in 2009, its characteristics of decentralization and anonymity have facilitated cross-border transactions, but it has also become a breeding ground for crimes such as money laundering and pyramid schemes due to a lack of regulation. Countries have varying regulatory attitudes: China explicitly prohibits virtual currency trading and cracks down on illegal financial activities; some countries are exploring legal digital currencies to strengthen monetary sovereignty. Currently, the virtual money market is highly volatile, and investors need to be wary of price bubbles and technical vulnerabilities, viewing the balance between technological innovation and financial security rationally.