Rectification of virtual currency exchange

1. Lack of supervision, illegal use, illegal fund-raising phenomenon! Currency not issued by the state is not legal tender!

2.

Following bitcoin China's announcement of closing down, recently, trading platforms such as hotcoin.com also announced that they would stop trading in RMB at the end of the month. So far, the three major domestic virtual currency trading platforms have been suspended

investors should adhere to rational investment, not blindly follow the trend, nor take chances. There are risks in investment, especially in the face of a new model, we should be more cautious in investment, so as not to become the target of wealth plunder by criminals

3.

With the popularity of bitcoin and other virtual currencies, the risk of fueling illegal economic activities is increasing. The reporter recently learned that the regulatory authorities will ban the domestic virtual currency trading platform

for ordinary consumers, investing in bitcoin is also risky. Many experts and regulators in China have repeatedly appealed that virtual currency trading platforms such as bitcoin are lack of supervision and have become tools for money laundering in illegal economic activities. At the same time, these trading platforms are vulnerable to manipulation by makers, resulting in huge price fluctuations and easy to make retail investors suffer losses. They have become channels for manipulation and ransacking of retail investors by makers and should be banned as soon as possible

"banning bitcoin trading platform is a channel for banning the massive exchange between bitcoin and legal tender, not bitcoin." A person close to the regulator said that the ban on activities related to bitcoin exchange does not affect the development of blockchain technology

the reporter learned from the China Internet Finance Association that the reminder on preventing the risks of bitcoin and other so-called "virtual currencies" released on September 13 said that in recent years, bitcoin and other so-called "virtual currencies" have carried out centralized transactions on some Internet platforms, the number of stakeholders has graally expanded, and the potential financial and social risks can not be ignored

the Internet Finance Association stressed: "there is no legal basis for the establishment of various so-called" currency "trading platforms in China." Investors participate in speculation through bitcoin and other so-called "virtual currency" trading platforms, and face the risk of price fluctuations and security risks. Recently, a large number of trading platforms have been stopped by the regulatory authorities for supporting the token issuance financing (ICO)

more virtual money will inevitably disturb the social order, and it is an inevitable trend to restrict virtual money< br />

4. It's legal, but there's no exchange. It's only a network platform. In China, there are probably two big bitcoin and lightcoin that can be bought and sold like buying and selling stocks.

5.

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

6.

With regard to the digital currency which has soared tens of thousands of times before, various policies and news are constantly emerging. Bitcoin fell from the highest point of 130000 to about 40000, and Shanzhai digital coin even fell to 99%. But Xiangge said that the transaction will not end, but there will be periodic fluctuations. In the news of China financial news network, I communicated with senior people in the currency circle for the first time. When the news is all over the place and people are in a panic, the more we need to listen to the ideas and opinions of professionals. My friend, a Xiong, CEO of digital exchange, has experienced the whole process of digital currency take-off, development and adjustment. His current project is digital currency trading platform and related intelligent investment consultant. His thoughts and opinions are summarized as follows:

7. The environmental protection concepts and methods of the same environmental protection units and organizations are very different, and the things that need environmental protection volunteers to do are also very different. Some environmental protection organizations engage in environmental ecation, they need volunteers to engage in publicity, websites and so on; Some environmental protection organizations engage in environmental life, they need volunteers to participate in bird watching, garbage collection, recycling of waste batteries and so on; Some environmental protection organizations are engaged in environmental protection activities. They organize volunteers to plant trees and grass seeds; Some environmental protection organizations are engaged in environmental monitoring and protection, and will organize volunteers to report pollution sources and fight against pollution units; Some environmental protection organizations are nature reserves. They organize volunteers to do environmental surveys, observe data, and publicize; Some organizations promote environmental protection procts, and ask volunteers to promote biogas digesters, firewood saving stoves, and so on.

8. The biggest reason for the rise in the price of the graphics card is mining, and the secondary reason is the cost of the graphics card. For example, there is a shortage of graphics memory and the supply exceeds the demand

warm tips: the above information is for reference only, without any suggestions
response time: October 29, 2020. Please refer to the official website of Ping An Bank for the latest business changes

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