Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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The Current Situation and Future Development Prospects of Virtual Currency in China

Authors
Xinyang Li1, *
1Shanghai Australia International school, Shanghai, 200000, China
*Corresponding author. Email: lxy957326970@163.com
Corresponding Author
Xinyang Li
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_26How to use a DOI?
Keywords
Virtual Currency; Internet; current situation; future prospects
Abstract

Virtual currency is very common in people's daily life. Virtual currency is mainly divided into two categories. One is virtual currency that can be used for transactions in the market, such as bitcoin; The other is a virtual currency that can be used to buy goods and services, such as Q currency, game currency, etc. With the prevalence of virtual currency in China, it not only enriches people's ways of payment, but also increases people's ways of investment. However, it has also caused some negative effects on people and society, such as becoming a money laundering tool for cyber criminals. On the basis of understanding the background of virtual currency, consulting relevant literature, this paper analyzes the advantages and disadvantages of the two kinds of virtual currency, synthesizes the legal background, and finally summarizes the current situation and future development prospects of virtual currency in China.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
78-94-6463-098-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-098-5_26How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xinyang Li
PY  - 2022
DA  - 2022/12/27
TI  - The Current Situation and Future Development Prospects of Virtual Currency in China
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 211
EP  - 218
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_26
DO  - 10.2991/978-94-6463-098-5_26
ID  - Li2022
ER  -