Mao Zedong (26 December 1893 – 9 September 1976), also known as Chairman Mao, was a Chinese communist revolutionary who was the founder of the People's Republic of China (PRC), which he led as the chairman of the Chinese Communist Party from the establishment of the PRC in 1949 until his death in 1976. Ideologically a Marxist–Leninist, his theories, military strategies, and political policies are collectively known as Maoism.
Cryptocurrency law involves sets of codified rules and regulations that govern the ways cryptocurrencies and blockchain-based technologies are created, used, and traded. Cryptocurrency law varies by country and locality and is typically regulated by a government jurisdiction. Cryptocurrency is not legal in all countries, nor do all countries have laws recognizing or regulating cryptocurrency. For example, in Egypt, the Main Islamic legislative and judicial Institution Dar al-Ifta issued a religious decree classifying commercial transactions with bitcoins as haram (prohibited by Islamic law). There are many terms used to refer to cryptocurrency, not to be confused with different types of cryptocurrency (Bitcoin, Ethereum). Cryptocurrency is also referred to as a digital or virtual asset, digital or virtual currency, a virtual commodity, and crypto or payment tokens.
a digital or virtual asset, dig
ital or virtual currency, a virtual commodity, and crypto or payment tokens. Cryptocurrency does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to a central bank digital currency (CBDC). When a cryptocurrency is minted, or created prior to issuance, or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database. Traditional asset classes like currencies, commodities, and stocks, as well as macroeconomic factors, have modest exposures to cryptocurrency returns.