However, a survey conducted by Xinhua Opinion reporter found that at present, the virtual currency transaction has gone underground and dozens of trading platforms provide peer-to-peer over-the-counter transactions with an active market.
Reporter visits: banning multiple trading platforms to provide OTC
Recently, the reporter registered in a website called 'Coin Network', which provides off-site peer-to-peer transaction service of virtual currency, that is to say, people who have the demand of buying coins and selling coins can post a message to the platform and then Agreement payment method to complete the transaction.
Reporters click on the website 'legal currency transactions' found that the sale of information is extremely rich 'photographed' a certain amount of bitcoin, the platform will be the seller's bitcoin lock.Reporter choose Alipay as a payment method, by Alipay to the seller transfer, and To confirm the completion of the payment site, the transaction was successful. The reporter then received the system transferred to the account on the virtual currency.
Reporters found that although China started to clean up the ICO and bitcoin transactions in September last year, there are still tens of over-the-counter trading platforms that are similar to the "firecoin network." According to the State Internet Financial Security Technical Committee released The monitoring report shows that as of November 25, 2017, there are 21 C2C over-the-counter platforms that support bitcoin against the renminbi. The online processing time is concentrated from late October to November, all outside China.
In addition, this year, some WeChat groups, QQ group has become a virtual currency underground trading information release position.Sang from Shanghai introduced, he joined several virtual currency exchange group, every day hundreds of sale quotes price Information. Recently, the virtual currencies such as bitcoin plunged in the market, and the sound of 'dips' was heard in these groups. "It is really unmanageable to push hundreds of such contents every day. .
There are still many people who fantasize about "overnight thrills" and evade regulatory changes
Since 2018, virtual currency has staged a "big jump." Since February, bitcoin hit a new low, once below $ 6,000, a drop of 70% from a peak of about $ 20,000 last year. However, some people think this is only a temporary phenomenon, and virtual currency will come back.
- 'a night of fortune' herd psychology cause trouble. 'The current state of the market for the ICO can be described as herd mentality.' Meng Tian, deputy director of Shanghai University Science and Technology Institute of Finance, said many investors do not understand what ICO, and even Little is known about bitcoin for the blockchain, a niche investment market that has now spread to ordinary people.
Meng Tian believes that more and more pseudo-financial innovations make use of the ICO model to illegally raise funds in the guise of the public and create a public psychology of investing in the virtual currency overnight. "There is not enough awareness of investment risks '
At present, some ICO projects continue to operate overseas, the establishment of their agencies and the issuance and trading of tokens are nominally abroad, but the actual projects, owners and investors are all in China. In October to November 2017, the online bitcoin exchange rate platform for Renminbi concentrated on the Internet. Its website server is mainly located in Hong Kong, the United States, Japan and other places.
'Currency trading' has also become a new trunks of regulatory oversight.A bitcoin investor Fan Yuan in Shenzhen said: 'Since September last year, Bitcoin transactions take the form of' currency exchange 'off the counter. Buyers first presence External use of RMB to buy some tokens, such as ether, etc., and then returned to the platform to get too much money in exchange for bitcoin.
- 'miners do not believe in tears.' 'Miners' Dong said a mine machine costs about 21,570 yuan a year, a year yield of 5.84 ether dollars, an ether costs about 3693 yuan. And Ether The coin fell as low as 630 U.S. dollars on February 6 and is close to the cost of mining.
'I firmly believe that the decline is only temporary, optimistic about the long-term, just bought another 2000 miners, dug coins held in the short term will not sell.' Dong said the domestic shut down after the virtual currency transactions, concerns about the future of the relevant departments banned Mining.
The "ban" should be upgraded to implement the transnational regulation
According to the existing regulatory policy, no kinds of venues and off-site tokens financing trading platform or media under any scenario are allowed to directly trade RMB and any form of virtual currency, nor do they allow the platform to conduct brokered transactions through intermediaries.
Professor Huang Zhen, director of Institute of Finance Law of the Central University of Finance and Economics, believes that at present, regulators should have a deeper understanding of the characteristics of cross-border and cross-border flow of virtual currency and raise the legal effectiveness of regulatory norms.
Yang Dong, director of the Center for Financial Technology and Internet Security at Renmin University of China, believes there is a need to strengthen account regulation and foreign exchange supervision and implement "one pole plug in the end." Considering the establishment of a blacklist system, regardless of its operating principal and principal responsibility People's nationality, all their subjects and related persons in blacklist, prohibit or partially restrict their future activities in the territory to engage in related financial business.
'Many countries in the world have put fictitious monetary transactions and ICOs into the legal regulatory system and can conduct extensive cross-border cooperation with these countries to jointly take measures to protect the legitimate interests of financial consumers,' said Yang Dong.
Some experts pointed out that when the current ICO project is transferred to other countries, relevant regulatory authorities can regulate relevant laws and regulations to prevent the loss of sensitive data, prevent cross-border criminal risks, safeguard the interests of financial consumers, financial stability and national security. When necessary, other more stringent regulatory measures such as cutting off access to links and so on can still be taken according to law until the legal liabilities of the relevant responsible persons are investigated according to law.