wholesale jewelry supply stores nyc What is the virtual currency?

wholesale on fashion jewelry Virtual currency is a P2P form digital currency. Virtual currency is not issued by the currency authority. It does not have currency attributes such as legal compensation and mandatoryness. It is not a real currency. It does not have the legal status as the currency. It cannot be used as currency in the market. Citizen investment should And trading virtual currency is not protected by law.
[Legal basis]
"Interim Measures for Online Game Management" Article 19
The use of the use of online games virtual currency is limited to redeem the online game products and services provided by itself. Products and services of other units for paying, purchasing physical or exchanged by other units;
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I online game operation companies issued online games virtual currency violations of Article 19 of these Measures , By the cultural administrative departments at or above the county level or the comprehensive law enforcement agency of the cultural market, it may be ordered to make corrections, and may be fined under 30,000 yuan according to the circumstances of the circumstances. Or the cultural market comprehensive law enforcement agency shall be ordered to make corrections, and it may be fined less than 20,000 yuan according to the circumstances of the circumstances.