Yangguang. com BeijingSeptember 27 th news (Reporter Liang Shuang) Today,noon12：00，Btc china officially closed the digital assets and people’s bank recharge function..Btc china announced on its official website today that it will close the digital assets and people’s bank recharge function at 12:00 noon on September 27th, Beijing time.;Close all trading functions at 12:00 noon on September 30th..
“We must realize that shutting down the virtual currency exchange and prohibiting bitcoin platform transactions are not in conflict with the current development of blockchain!"Director, Research Center for Financial Technology and Internet Security, Renmin University of ChinaYang Dong told reporters that China encourages innovation in blockchain technology, but it mustExpel financial crimes such as pyramid schemes and illegal fund-raising by using virtual currency trading platforms under the guise of blockchain.suchIn order to create a healthy and good financial technology ecological environment for the development of blockchain applications.
Eight-year inflation5 million times to close the platform to prohibit RMB speculation in Bitcoin
SeptemberOn the 4th, seven ministries and commissions, including the People’s Bank of China, jointly issued the "Announcement on Preventing the Financing Risks of Token Issuance", characterizing ICO as illegal public financing.,And suspend all transactions.. The central bank stressed that all kinds of token issuance financing activities should be stopped immediately.
Subsequently, btc china, the three major bitcoin trading platforms in China,OKCoin currency line,Firecoin. com announced that it would stop trading.
As to why the btc china trading platform was closed,Yang dongAttributed to"Seven deadly sins of virtual trading platform": lack of legal business license, inflated prices, illegal acts such as money laundering and evasion of foreign exchange control, pyramid schemes and fraud, insider manipulation, technology and confidence security, and secret network transactions.
Vice President, School of Finance and Finance, Renmin University of ChinaZhao Xijun stressed that the closure of the China Bitcoin trading platform only prohibited the transaction between Bitcoin and RMB, in case the RMB was used to speculate on Bitcoin, which caused the price of Bitcoin to be artificially high.
whatBitcoin that came out in 2009, eight years.between/separate/space in between/roomSoaring upMore than 5 million times, as if driven by bitcoin.Getting rich overnight is no longer a dream. This also gives some lawless elements an opportunity to seize people’s psychology of getting rich quickly and concoct various pyramid schemes.
According to relevant media reports,A Bitcoin payment platform in Hong Kong in 2015On suspicion of using virtual currency for pyramid schemes,Involving up to3 billion Hong Kong dollars. According to the platform, investors buy bitcoin mining contracts for 400,000 yuan, earn bitcoin every day, return their money in about 4 months, and earn an additional 600,000 yuan a year.Criminals use the funds invested by later investors to pay early investors,Once no new investors join or the organizers suddenly lose contact, investors will suffer heavy losses.
“Virtual currencies such as Bitcoin lack a clear value base, there is no economic fundamentals to evaluate the supply and demand situation and intrinsic value of Bitcoin, and the market speculation atmosphere is strong, resulting in drastic price fluctuations, which will cause investors who blindly follow the trend to suffer losses."Yang Dong said.
All countries have different levels of supervision on Bitcoin.
In 2013, the People’s Bank of China, the Ministry of Industry and Information Technology, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission jointly issued the Notice on Preventing Bitcoin Risks, stating: "Bitcoin should be a specific virtual commodity, which does not have the same legal status as currency, and cannot and should not be used as currency in the market.”。
For a long time, Bitcoin has been characterized as a virtual commodity rather than a currency in China, so the financial regulatory authorities have not imposed necessary restrictions and supervision on it.“At present, China’s domestic virtual currency trading platform lacks relevant legal business licenses, which leads to the virtual currency trading platform drifting away from the existing regulatory system, and in fact there are huge business risks."Yang Dong told reporters.
Yang Dong said,The state has repeatedly stressed that it is necessary to put the prevention of financial risks in the first place, andICO has already seen the phenomenon that "bad money drives out good money", thereforeRegulatory pairICOgo on"one size fits all"alsoAs expected.
Zhao Xijun also holds the same view. He said that although Bitcoin has decentralized characteristics, every country will supervise it, but in different forms."China’s current economic construction still needs to invest a lot of money, but nowThere are many people who take money to speculate on bitcoin.Not only did it not create beneficial value, but it also occupied financial funds, so it is more necessary to have corresponding supervision."
Up to now, most virtual currency trading channels in China are basically closed.
Close the trading platform transferOver-the-counter trading raises concerns
"nowTrader of bitcoinMay chooseSome foreign trading platforms trade, while others maywillChange careers, or go abroad to be a platform.."Trading platform transferred to foreign countries will behowappearancedevelopZhao Xijun said,no matter whatexistDomestic or foreign?, the platform is subject toSupervisionThat’s for sure.,"An unregulated platform will not have a legitimate transaction and development will be constrained."
At the same time, will it lead to a large number of over-the-counter transactions if standardized trading platforms are prohibited from conducting business?Vice President of China technology and finance Law Research AssociationDeng Jianpeng expressed the same concern.“In view of the decentralized nature of Bitcoin, veryIt is difficult because the regulator has a decree.inCompletely banned in reality. As long as investment demand exists, bitcoin transactions are forced to dissociate from some limited formal institutions and enter OTC transactions.,The relevant ban has objectively become the entry of bitcoin transactions.‘Dark web’A booster."
“China should strengthen the technology-driven supervision of virtual currencies such as Bitcoin, use blockchain, big data, cloud computing and other means to strengthen the traceability of virtual currencies such as Bitcoin, monitor the fluctuation of the overall market, and improve the real-time tracking of capital flows."Yang Dong said.
Deng Jianpeng pointed out that,The funds of customers and trading institutions and bitcoin should be effectively isolated.canPrevent trading institutions from misappropriating customers’ funds or bitcoin privately.ofRisk.