Central bank bans bitcoin

1. In order to protect the property rights and interests of the public, protect the legal tender status of RMB, prevent the risk of money laundering, and maintain financial stability, the people's Bank of China, the Ministry of instry and information technology, China Banking Regulatory Commission, China Securities Regulatory Commission, and the Recently, China Insurance Regulatory Commission jointly issued the notice of the Ministry of instry and information technology of the people's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on the prevention of bitcoin risk (YF [2013] No. 289, hereinafter referred to as the "notice")

the notice defines the nature of bitcoin, and holds that bitcoin is not issued by the monetary authority, has no monetary attributes such as legal compensation and compulsion, and is not a real currency. In terms of nature, bitcoin is 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. However, bitcoin trading as a commodity trading behavior on the Internet, ordinary people have the freedom to participate at their own risk

the notice requires that at this stage, all financial institutions and Payment institutions shall not price procts or services with bitcoin, buy or sell bitcoin as a central counterparties, underwrite insurance business related to bitcoin or include bitcoin into the scope of insurance liability, and provide other bitcoin related services to customers directly or indirectly, Including: providing bitcoin registration, trading, clearing, settlement and other services for customers; Accept bitcoin or use bitcoin as a payment and settlement tool; Carry out bitcoin and RMB and foreign currency exchange services; Carry out bitcoin storage, custody, mortgage and other services; Issuing financial procts related to bitcoin; Take bitcoin as the investment target of trust, fund, etc

according to the notice, the bitcoin Internet website, as the main trading platform of bitcoin, shall be filed with the telecommunications administration according to the provisions of the Telecommunications Regulations of the people's Republic of China and the measures for the administration of Internet information services. At the same time, in view of bitcoin's high risk of money laundering and being used by criminals, the notice requires relevant institutions to perform the legal anti money laundering obligations such as customer identification and suspicious transaction report in accordance with the anti money laundering law of the people's Republic of China, so as to effectively prevent the money laundering risks related to bitcoin

in order to avoid excessive speculation of virtual commodities such as bitcoin in the name of "virtual currency" and damage the public interest and the legal tender status of RMB, the circular requires financial institutions and Payment institutions to correctly use the concept of currency in their daily work, pay attention to strengthening the ecation of the public's knowledge of currency, and correctly understand the concept of currency The concept of correctly treating virtual commodity and virtual currency, rational investment, reasonable control of investment risk, and maintenance of their own property security should be included in the content of financial knowledge popularization activities, so as to guide the public to establish a correct concept of currency and investment

in the future, the people's Bank of China will continue to pay close attention to the trend and related risks of bitcoin based on its own responsibilities End)

bitcoin home has an interpretation.

3. There is no official document yet. Please wait patiently.

4. Because it is a kind of virtual currency and exists on the Internet, it has great risk, instability and uncertainty. Bitcoin is not issued by the central bank. It is a proct of the Internet.

5. However, bitcoin trading servers are all located outside China, which makes it difficult to completely eliminate them.
now it is more and more difficult for these bitcoin trading websites to log in

6. Level 1-6 is simple, level 7-12 is simple, level 13 is simple, level 6 is simple, level 6 is simple, level 7-12 is simple, level 13 is simple, level 6 is simple, level 6 is simple, level 6 is simple, level 6 is simple, level 6 is simple, level 6 is simple, level 6 is simple, level 6 is simple, level 6 is simple, level 6 is simple, level

7. Bitcoin is just a string of code generated by a program developed by two Americans, rather than hard currency like physical gold and silver. You may say that it has value. In fact, its value is only for the insiders who play the game. It has no value for stores, enterprises and even the old man who sells vegetables. Maybe you see a lot of appearances, and many people are eager to invest in it. Do you notice that its price fluctuates very strongly, often dozens to thousands of pieces. If it is really valuable, it will fluctuate so much? You think 2000 yuan washing machine is not easy to sell, will 20 yuan to sell to you? If you can find something similar to it in history, I'm afraid it's the gold coupons issued by the Kuomintang ring the war of liberation. Use a pile of paper for your real gold and silver! Don't believe those sophistry. They say that they are valuable and can be invested like stocks. It's pure money!

8.

Bitcoin, after all, is a virtual currency, full of too much uncertainty. It is normal for the central bank to suppress it

< blockquote >

the central bank has its reasons to suppress it

< / blockquote > < HR / >

< H2 > bitcoin

bitcoin was originally a kind of network virtual currency, which can buy real-life goods it is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals

< H2 > overview

in the case of bitcoin or virtual currency, the central bank should always suppress it, and the purpose should be very simple, its uncertainty will bring volatility to the market