Digital currency is an unregulated digital currency, which is usually published and managed by developers and accepted and used by members of a specific virtual community. The European Banking Authority defines virtual currency as a digital representation of value. It is not issued by the central bank or authorities, nor is it linked to legal tender, but it can be transferred, stored or traded electronically as a means of payment because it is accepted by the public.
Extended data:
The process of digital currency trading through the platform is as follows:
1. Investors must first register their accounts, and at the same time obtain digital currency accounts and US dollars or other foreign exchange accounts.
2. Users can buy and sell digital currency with the money in their cash accounts, just like buying and selling stocks and futures.
3. The trading platform will sort the buying requests and selling requests according to the rules and start matching. If they meet the requirements, the transaction is completed.
4. Due to the difference between the purchase and sale quantities submitted by users, the purchase or sale request may be partially executed.
Baidu Encyclopedia-digital currency