Research On Virtual Currency Market

There has gone fifteen years since FreeRide site created the first virtual currency of the world in 1995. After five years, the first virtual currency appeared in China in 2000. Tencent launched Q coins are the most historic in May 2002. Now it has become Chinese leader in the field of virtual currency. Virtual currency gradually brought business and economic vitality. At the same time, there have been many problems in the process of the development. To solve these problems, scholars who retained different views focused on measures to monitor the virtual currency. Regulators hadn't clear view on this issue. Hence, how to monitor the development of virtual currency is a thorny issue.The article attempts to explore the harmony monitoring system and suggests establishing the official exchange market to compensate for the lack of direct regulatory authority.The article is divided into seven parts: Chapter I introduces the research background of virtual currency, significance of the topic, research methods and innovations and shortcomings. Chapter II introduces the research on virtual currency. Chapter III defines the concept of virtual currency, analyzes functions, and highlights the strong currency of virtual currency. Chapter IV based on the strong currency of the virtual currency analyzes positive and negative impacts on the economy and challenges posed to regulators, from the social, financial, industry and external competition in order to create a virtual currency market. Chapter V posed the virtual currency market structure, the basic market system and participators. Chapter VI analyzes integrate prospective virtual currency control measures to support the point of the feasibility of the virtual currency market. Chapter VII is the conclusion. In short, the article by describing the strong currency of the virtual currency and the necessity and feasibility of virtual currency market, achieves a harmonious regulatory purposes. On one hand, virtual currency market maintain its vitality of the industry; the other hand, it reduces the risks of virtual currency and improves the regulatory system.