In addition, in response to recent new variants and new developments in related illegal financial activities, relevant regulatory authorities have organized a block of 'going to the sea' virtual currency trading platform, decisively fighting against ICO and various variants. As of the end of May, including the fire currency network, the currency network 110 websites of trading platforms have been blocked.
The Beijing Business Daily reporter learned that as early as December 5, 2013, the central bank and other five departments issued the “Notice on the Prevention of Bitcoin Risk”, clearly stating that Bitcoin is not a currency, only a specific virtual commodity, not in Currency market circulation, financial institutions may not carry out related business.
However, bitcoin prices have continued to soar, attracting a large number of investors to participate. On December 17, 2017, Bitcoin once rose to nearly 20,000 US dollars. At the same time, illegal finance based on bitcoin and various virtual currencies. The activity is spreading and the risk is huge.
To this end, in September 2017, the Central Bank, the Central Network Office, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the seven departments of the China Insurance Regulatory Commission jointly issued the "Announcement on Preventing the Risk of Subsidy Issuance Financing", indicating that the domestic The form of tokens including the first token issuing (ICO) financing activities has sprung up, speculation and speculation prevailed, suspected of engaging in illegal financial activities, and seriously disrupting the financial order. From the date of this announcement, all types of token financing activities should be immediately stop.
It is also to prevent and resolve the risks in the virtual currency field in a timely and effective manner. From September 2017, the relevant regulatory authorities have guided local governments to clean up and rectify virtual currency trading sites such as Bitcoin and ICO activities under the framework of the special rectification work of Internet financial risks. Understand, for all kinds of pseudo-virtual currency and related illegal fund-raising, fraud, pyramid schemes and other activities, the regulatory authorities actively support 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.
Previously, on May 23, CCTV reported that the national Internet financial risk technology platform has realized over-the-counter monitoring, MLM monitoring, Bitcoin transaction tracking, Bitcoin offline distribution, Bitcoin cross-border monitoring, and ICO monitoring. Among them, OTC monitoring shows the user ID and payment method, using Alipay to account for nearly one-third of OTC transactions.
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.