In order to effectively prevent and resolve risks in the virtual currency field in a timely manner, the relevant regulatory authorities have guided local governments to clean up and rectify virtual currency trading sites such as Bitcoin and ICO activities in the framework of the special rectification of Internet financial risks since September 2017.
According to reports, after a steady and orderly organization, the 88 domestic virtual currency trading platforms and 85 ICO trading platforms that have been exhausted by local governments have basically achieved risk-free exit; the bitcoin traded in RMB has fallen from over 90% of the previous global market. To less than 1%.
Zhang Yifeng, dean of the China Banknote Credit Card Industry Development Corporation Blockchain Technology Research Institute, said that the regulatory authorities promptly blocked the negative impact of the skyrocketing virtual currency price on China, avoided a virtual currency bubble, and led the international regulatory trend. .
In response to recent new variants and new situations of illegal financial activities, the relevant regulatory authorities have organized a block of 'going to sea' virtual currency trading platforms, decisively fighting against ICO and various variants. As of the end of May, including the trading of fire currency nets, currency nets, etc. The platform's 110 websites have been blocked.
At the same time, the regulatory authorities continued to strengthen the clean-up and rectification from the payment settlement terminal, and repeatedly talked about Tenpay, Alipay and other non-bank payment institutions, requiring them to strictly implement the requirements for not carrying out business related to virtual currency such as Bitcoin. Troubleshoot and close about 3,000 accounts engaged in virtual currency transactions.
In addition, for all kinds of pseudo-virtual currency and related illegal fund-raising, fraud, pyramid schemes and other activities, the regulatory authorities actively supported the public security organs to crack down on the law according to law. According to the statistics of public security organs, in recent years, a total of nearly 300 cases of virtual currency crimes have been investigated and investigated. Up.
Zhang Yifeng said that the regulatory authorities should continue to monitor closely, strengthen research and judgment, fight early and prevent problems, and continue to alert the public through various channels to pass more clear regulatory signals to the market.