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Seven departments stop token financing, including bitcoin

Publish: 2021-04-21 21:52:13
1.

As early as 2013, the central bank and other five ministries and commissions issued a document clearly defining bitcoin as a specific virtual commodity. According to relevant regulations, financial institutions and Payment institutions are not allowed to carry out the exchange services between bitcoin and RMB or foreign currency

in view of this, on August 30, China Internet Finance Association took the lead in issuing risk tips for ICO (i.e., the first issue of token, the raising of bitcoin, Ethereum and other general digital currencies in blockchain projects). On September 4, the central bank and other seven departments issued a document calling for the suspension of all kinds of token issuance and financing. On September 13, the China Internet Finance Association issued a reminder on the virtual currency trading platform and market risk. On the evening of September 15, huocoin confirmed that it had officially received the notice and guidance from the regulatory authorities, requiring it to clean up and rectify the virtual currency transactions

2.

Following the seven departments' call to stop the financing of token (ICO), under the high pressure of supervision, a number of virtual currency trading platforms, including bitcoin China, huocoin.com and okcoin.com, have successively shut down all business of the platform or RMB trading business since the 14th. What are the risks of virtual currency transaction? Why do regulatory authorities take action to rectify? What's the future of the "money speculators" who used to be crazy about it

according to instry insiders, with the increasingly clear regulatory attitude towards the virtual currency trading platform, the relevant local departments have begun to clean up and rectify the work, and some trading platforms are according to regulatory requirements, orderly stop trading business within a certain period of time, and graally guide users to withdraw their money

the reporter observed in a number of "bitcoin investment exchange groups" that with the closing of trading platforms one after another, the price of bitcoin dropped sharply, and many investors called "losing money badly". In response to the promise made by the three trading platforms that "the withdrawal of money and cash will not be affected", on the afternoon of the 16th, the reporter tried to contact the customer service of the three trading platforms by telephone, but failed to get through e to "too many consulting customers" or busy lines

the reporter learned that with the increase of the price difference of virtual currency in the domestic and foreign trading markets, in order to avoid risks and preserve value, some investors have returned the virtual currency on the domestic trading platform to the personal bitcoin wallet and switched to the overseas market and OTC trading

Wang Yongli, vice chairman of China International Futures Co., Ltd., suggested strengthening international communication and coordination, establishing international unified regulatory rules as soon as possible, and avoiding regulatory loopholes and cross-border arbitrage

3. Bad news
from September 2 to September 3, the two originally planned "blockchain / bitcoin" summits were temporarily cancelled. One side said the number of people exceeded the size of the report, and the other side said Beijing's security was upgraded
at 15:00 on September 4, 2017, the people's Bank of China and other seven ministries and commissions officially issued the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the financing risk of token issuance (hereinafter referred to as the announcement), which said that from the date of this announcement (September 4), the, All kinds of token issuance and financing activities shall be stopped immediately. At the same time, the organizations and indivials that have completed the token issuance financing should make arrangements such as liquidation, reasonably protect the rights and interests of investors, and properly handle the risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects
the payment method of ICO is bitcoin. It must be a bad news to stop ICO
4. Generally, the total measurement of virtual memory is 1.5 times of physical memory, and the maximum and minimum values are the same (to avoid disk fragmentation)
5.

It's a routine. These cars are old actors

"influencer" refers to a person who is popular because of a certain event or behavior in real or online life and is concerned by netizens, or who continuously outputs professional knowledge for a long time

their popularity is magnified under the influence of the Internet because of their own characteristics, which is consistent with the psychology of netizens, such as aesthetics, ugliness, entertainment, stimulation, peeping, imagination, taste and spectators. They are sought after by the Internet world intentionally or unintentionally and become "Internet celebrities". Therefore, the emergence of "Internet celebrities" is not spontaneous, but the result of the comprehensive effect of the interest community such as Internet Celebrities, Internet promoters, traditional media and audience psychological needs under the network media environment

today's cultural circle, especially the mass culture circle, is no longer simple. Film, television, literature, music, traditional art, and the other wonderful programs in these fields can not be as many as the predecessors of the more than 20 years ago, and become the collective memories of all Chinese people. The red net people created by the popular Carnival are regarded as "a noisy bubble" by many people. p>

this is the result of a pluralistic era, not the result of manpower. In this colorful scene, some people are tired of slandering and quarreling and feel disappointed, while others feel like fish in water because they have countless free choices. So, what's the difference between the Internet Celebrities and the traditional celebrities? In the final analysis, it's just the different platforms to become famous

There are three generations of Internet Celebrities: first, Internet Celebrities in the era of writing; 2、 The Internet Celebrities in the era of pictures and texts; 3、 Internet Celebrities in broadband era

6. Direct network is enough
there are two ways to improve your foraging skills: 1. Collect items in the field; 2. Chop trees with an axe. All the above behaviors can increase your skill experience. If you reach a certain number, your skill level will be improved
7. I've invested more than 100000 yuan in this currency trading platform. Fortunately, I've found someone to help me recover it. I'm so lucky
8.

After bitcoin China took the initiative to stop trading platform business, the market focused on the other two well-known virtual currency trading platforms okcoin and huocoin

at the same time of stopping ICO, the regulation reiterated that virtual currency has no monetary attribute and cannot be used as currency in the market

On the 13th, the China Internet Finance Association issued an article saying that there is no legal basis for the establishment of various so-called "currency" trading platforms in China. The so-called "virtual currency" such as bitcoin, Leyte coin and all kinds of tokens are centrally traded on some Internet platforms, and the number of stakeholders is graally expanding. The hidden financial and social risks can not be ignored

9.

Recently, the controversial ICO (the first token issue) has been formally brought into the regulatory system. On September 4, the official website of the people's Bank of China issued the announcement of the people's Bank of China central website information office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the financing risk of token issuance (hereinafter referred to as the announcement). It is pointed out that the token or "virtual currency" used in token issuance financing is not issued by the monetary authority, has no monetary attributes such as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be used as currency in the market


fifthly, the public should be highly alert to the potential risks in the financing and trading of token issuance, I hope the majority of investors beware of being cheated

for all kinds of illegal financial activities carried out by using the name of "currency", the public should strengthen the awareness of risk prevention and identification ability, and timely report relevant illegal clues

Sixth, give full play to the self-discipline role of instry organizations. All kinds of financial instry organizations should do a good job in policy interpretation, urge member units to consciously resist illegal financial activities related to token issuance and financing transactions and "virtual currency", stay away from market chaos, strengthen investor ecation, and jointly maintain the normal financial order

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