Virtual currency refers to a kind of virtual money on the Internet. Virtual currency is different from checks and telegraphic transfers. The value that virtual currency can't realize can't be transferred by bank, but can only be circulated in the online world at present. Virtual currency is released by various network institutions themselves, and there is no unified issuance and management standard.

According to the notices and announcements issued by the People's Bank of China and other departments, virtual currency is not issued by the monetary authorities, has no monetary attributes such as legal compensation and compulsion, is not a real currency, has no legal status equivalent to currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law.

Tips: Investment is risky, so you need to be careful when choosing. Before making any investment, you should make sure that you fully understand the investment nature and risks involved in the product, and then judge whether to participate in the transaction by yourself after carefully understanding and carefully evaluating the product.

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