1. First,
bitcoin is not issued by the monetary authority. It does not have the monetary attributes of legal compensation and compulsion. It is not a real currency. Here, we have to compare the properties of bitcoin and currency. Take bitcoin as an example, it belongs to a virtual asset of the network, and there is no specific issuing institution, while bitcoin is calculated by network nodes. In contrast, money is a commodity separated from commodities and fixed as a general equivalent. As a result, bitcoin cannot replace traditional currency. Today, management has made it clear that bitcoin is not a real currency, that is, it denies the currency status of bitcoin. Second, bitcoin websites should earnestly fulfill the legal anti money laundering obligations such as customer identification and suspicious transaction reporting, and effectively prevent the money laundering risks related to bitcoin. As a virtual asset of network, bitcoin has an unpredictable regulatory risk. Due to the anonymity and decentralization of the ownership and circulation of bitcoin, it is difficult to guess the regulatory risk of bitcoin. With the significant improvement of bitcoin's global influence, it has graally become a place for some criminals to commit money laundering and other violations. Undeniably, this also provides an effective way to deal with the regulatory loopholes of bitcoin. Third, all financial institutions and Payment institutions are not allowed to carry out business related to bitcoin, price procts or services with bitcoin, buy or sell bitcoin or act as central counterparties. In essence, the management prevents a series of unpredictable problems by blocking the bitcoin related business of financial institutions. Of course, this move is to a greater extent considered from the perspective of national strategy.
2. Recently, the China Internet Finance Association issued the "tips on preventing the risks of bitcoin and other so-called" virtual currencies ", pointing out that bitcoin trading platform is a tool for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities e to the expanding number of stakeholders and strong speculative atmosphere; There is no legal basis for the establishment of various so-called "currency" trading platforms in China
at the same time, the price of bitcoin dropped from a high level. Since bitcoin China announced it would stop trading at the end of this month, the price of bitcoin has dropped 11.3% to $3426.92, Reuters reported. This is also bitcoin's seven consecutive days of decline, becoming its longest decline in a year.
3. Official and legal platforms have been closed, and recharge has been suspended. They can download but can't trade. There are still a lot of platforms and swindler apps that are transferred overseas,
4. As long as the influence of bitcoin scam is not particularly bad, the government generally adopts the policy that the people do not sue, the officials do not blame, and turn a blind eye to it. Because even if the government enters, it is difficult to find the culprit. The information of some operation teams is not public, and it is difficult to find it on the Internet. Some of them are still abroad, so it is difficult to solve the case. Some of the culprits turn around and become victims. There are also those who participated in the bitcoin pyramid scheme. A large number of victims are also the biggest accomplices< br />
5. Bitcoin has become the most popular cryptocurrency in the world. Some countries allow the transaction of bitcoin, but some countries prohibit it. China belongs to the latter. Why does China shut down bitcoin trading? Let's analyze this problem today
bitcoin does not have the function of trading medium in China, so it can not be called currency. At the same time, bitcoin has the function of storing value and has certain investment value. However, the rapid rise of the current price has formed speculative anticipation and may form a bubble in the future. Therefore, it is necessary to take measures ahead of time, which can also restrain some illegal acts of laundering money and transferring assets through bitcoin. p>
6. In the notice on prevention of bitcoin risks jointly issued by the people's Bank of China and other fifth ministries and commissions, financial institutions are prohibited to intervene in bitcoin, but at the same time, it holds that "bitcoin is a specific virtual commodity, does not have the same legal status as currency, and cannot and should not be used as currency in the market. However, bitcoin trading as a commodity trading behavior on the Internet, ordinary people have the freedom to participate at their own risk. "
according to the relevant national laws and regulations, buying and selling bitcoin is legal.
according to the statement of the five ministries and commissions, bitcoin is a commodity and is legal
so generally speaking, bitcoin can be traded publicly, but it needs to be traded on the corresponding exchange. However, the trading platform is centralized. There is only one article about the Chinese government's policy on bitcoin. Please refer to the website link
7. There are no legal documents or regulations to ban bitcoin in China
on December 5 last year, the central bank and other five ministries and commissions issued a notice on the risk of bitcoin, which defined bitcoin as a special Internet commodity and denied its monetary attribute. However, people can buy and sell bitcoin freely at their own risk. Most of the major countries in the world also take a cautious attitude towards bitcoin, but most countries define bitcoin as an asset.
8. Bitcoin is not currently functioning as a trading medium in China, and the rapid rise in current prices has created speculative expectations and may form bubbles in the future. Therefore, it is necessary to take measures in advance. Bitcoin is not currently functioning as a trading medium in China, and the rapid rise in current prices has created speculative expectations and may form bubbles in the future. Therefore, it is necessary to take measures in advance. Bitcoin is not currently functioning as a trading medium in China, and the rapid rise in current prices has created speculative expectations and may form bubbles in the future. Therefore, it is necessary to take measures in advance. Bitcoin is not currently functioning as a trading medium in China, and the rapid rise in current prices has created speculative expectations and may form bubbles in the future. Therefore, it is necessary to take measures in advance. Bitcoin is not currently functioning as a trading medium in China, and the rapid rise in current prices has created speculative expectations and may form bubbles in the future. Therefore, it is necessary to take measures in advance.
9. First of all, the first point is that bitcoin is mainly used for investment at present, rather than the main payment function of currency, and bitcoin is very hot in the world, resulting in great investment risk. Risk is one of the reasons why countries reject bitcoin
Second, bitcoin, as a financial currency in China, will directly adjust the status of RMB as the only legal tender, resulting in the decline of RMB's status
thirdly, the investment in bitcoin was in full swing before, resulting in a large amount of outflow of local currency, which will have a very negative impact on the domestic economy.
