What app can I use to buy OKB coins? (What is the name of the app that buys OKB coins?)

Bitcoin is a virtual encrypted digital currency in the form of P2P. Unlike all currencies, Bitcoin does not rely on the issuance of a specific monetary institution. It is generated through a large amount of calculations based on a specific algorithm. The Bitcoin economy uses the entire P2P A distributed database composed of many nodes in the network confirms and records all transaction behaviors, and uses cryptographic design to ensure the security of all aspects of currency circulation. However, on September 4, 2017, the central bank and seven other ministries and commissions issued an announcement stating that China banned virtual currency transactions and Bitcoin was prohibited from circulating in China.

According to Article 1 of the "Announcement on Preventing Token Issuance and Financing Risks", accurately understand the essential attributes of token issuance and financing activities. Token issuance financing refers to financing entities raising so-called virtual currencies such as Bitcoin and Ethereum from investors through the illegal sale and circulation of tokens. It is essentially an act of illegal public financing without approval, and is suspected of illegally selling tokens. Tickets, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities.

Relevant departments will closely monitor relevant developments, strengthen work coordination with judicial departments and local governments, strictly enforce the law in accordance with the current working mechanism, and resolutely control market chaos. If suspected criminal issues are discovered, they will be transferred to judicial authorities. Tokens or "virtual currencies" used in token issuance financing are not issued by monetary authorities, do not have monetary attributes such as legality and compulsory nature, do not have the same legal status as currency, and cannot and should not be circulated in the market as currency. use.

Extended information:

Article 3 of "Announcement on Preventing Token Issuance Financing Risks" strengthens the management of token financing trading platforms. From the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal currency, tokens, and "virtual currencies", and shall not buy or sell tokens or "virtual currencies" as a central counterparty. It is not allowed to provide pricing, information intermediary and other services for tokens or "virtual currencies".

For token financing trading platforms with illegal and illegal issues, the financial management department will request the telecommunications authorities to close their website platforms and mobile APPs in accordance with the law, request the network information department to remove the mobile APPs from the app store, and request the industrial and commercial administration The department revoked its business license in accordance with the law.

Article 4: Financial institutions and non-bank payment institutions are not allowed to carry out business related to token issuance financing transactions. Financial institutions and non-bank payment institutions are not allowed to directly or indirectly provide account opening, registration, trading, clearing, settlement and other products or services for token issuance financing and "virtual currency", and are not allowed to provide insurance related to tokens and "virtual currency" The insurance business may include tokens and “virtual currencies” within the scope of insurance coverage. Financial institutions and non-bank payment institutions should report to relevant departments in a timely manner if they discover clues that illegal token issuance and financing transactions are illegal.

Reference source: China Securities Regulatory Commission - Announcement on Preventing Token Issuance Financing Risks

Reference source: Baidu Encyclopedia - Bitcoin

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