Central bank fifth times this year to talk about strict supervision of virtual currency key words

category:Internet
 Central bank fifth times this year to talk about strict supervision of virtual currency key words


According to public information, as at 15:15 on April 24th, there were 8 kinds of virtual currencies in the week fell by more than 50%, three kinds of digital currencies fell more than 80%. Bitcoin has picked up in recent years, but it is almost cut from its previous peak. Behind the overall market downturn, regulation by regulators in various countries is regarded as one of the most important factors. According to reporters incomplete comb, since the beginning of this year, the central bank has publicly talked about 5 bitcoin, virtual currency and other regulatory issues, what signals have been released? Experts say the central bank has made progresses in the cleaning and rectifying of the ICO platform and the virtual currency trading places. At the same time, the prevention of ICO and the virtual currency disorder is still a long way to go. Two point of view of the central bank governor: less support for the real economy The central banks two presidents referred to the fact that virtual currency has little support for the real economy. Virtual asset trading we think this direction needs to be more prudent, virtual asset trading, from the point of view of China, is not in line with the direction of our financial products and financial services to serve the real economy. He pointed out. In April, President Yi Gang pointed out during the Boao forum that the virtual currency has less service to the real economy, and there are some speculation and even some money laundering, so the peoples Bank has been more cautious about the virtual currency. As a whole, Yi said, on the whole, we are very strict in the supervision of the virtual currency, and we are also studying how to play the positive energy of the digital currency so that it can better serve the real economy. Zhao Yao, Deputy Secretary General of the Beijing Network Law Research Institute, said from microcosmic point of view, whether it is bitcoin or other kinds of tokens, it has caused serious consumer protection. Virtual currency also has the risk of money laundering and terrorist financing. There is also a risk of market volatility, that is, a sharp drop. Up 20% today, 40% tomorrow. He gave an example. From a macro perspective, virtual currency still has the risk of financial stability. We are going to supervise the virtual currency. We should consider what the main task and direction of China are. We want to develop the real economy, to rejuvenate the real economy, not to further expand the speculative atmosphere of the finance. Zhao Yao said that under such macro and micro two risks, it is necessary to adopt a strict attitude towards virtual currency. Rectify and clean up virtual currency and push forward digital currency research and development Last September 4th, the central bank and other seven ministries and commissions hung out the bulletin on preventing the risk of issuing and financing the issuance of token money, and it was clear that any organization and individual should not engage in the illicit currency issuance and financing activities. Zhang Yexia, a senior researcher at Ying can, said that the current policy prohibition of virtual currency trading is due to the current digital currency market in a chaotic period, air money, Shanzhai currency and other illegal activities, and there are many problems in the industry for investors education and investors own risk assessment. At the same time, most of the token remains in the conceptual stage. Whether the final project can be landed is still open to question. The China Internet Finance Association also prompted the two time this year to indicate the risk of virtual currency trading. In January 12th, the mutual gold association directly pointed out the virtual digital assets issued in the IMO mode at the time (including chain grams, traffic coins, BFC integrals, etc.). In January 26th, the mutual Gold Association issued a note indicating the risk of foreign ICO trading with virtual currency. At present, the management departments have basically completed the cleaning and renovation work on the domestic ICO behavior and the virtual currency trading place, while some investors have turned to overseas activities. Mutual Gold Association monitoring found that some of the agencies or individuals in the country are still organizing the so-called currency and currency trading and out of the field transactions, and are used as market makers, guaranties and other services. This actually belongs to the virtual currency trading place, which is obviously inconsistent with the existing policy provisions. While shouting and cleaning up all kinds of virtual currencies, Fan Yi Fei pointed out that we should push forward the research and development of digital money in the central bank. Zhou Xiaochuan previously introduced that the central bank began to organize a seminar on digital money more than three years ago. Then the central banks digital currency Institute was established. The latest action is to organize distributed research and development with the industry and to develop digital money by co operating with the market. With expert analysis, the digital currency of the central bank may price a lot of block chain assets, and a part of the demand for virtual currency will be transferred to the demand of the central banks digital currency. The sector chain industry will develop technology more rationally, rather than chasing the price of the hype fictitious currency. Block chain as a technology is worth paying attention to, and we should continue to study, including legal digital money, and the central bank is also studying it. Dong Ximiao pointed out that we should guard against the fact that someone is playing the banner of block chain, illegally raising funds and doing financial fraud. How to supervise internet integration products? Prohibition of pegged renminbi In April 10th, Wang Xin, the director of the monetary and silver Bureau of the central bank, published an article on the media, reiterating that the virtual currency is not the real currency, the risk and the harm of the virtual currency and so on, it also made some suggestions, including the Internet integration management framework. Wang Xin pointed out that when the stock of Internet integration reached a certain scale and could have a significant impact on the real economy, once the payment of risk events, the convertibility of the integrator was easily run out, which caused a great impact on the financial stability. At present, there has been a cross platform Internet integration that uses block chain technology and de centralization in the market, and the possibility of generating risk and spreading to other platforms has been further improved. He suggested that the three bottom line of Internet integration management should be clearly defined. The first is to prohibit the link of RMB and not be able to exchange the RMB with the RMB. Two is the control of the scope of use. The use of the Internet integration must be within the platform. The different legal person entities involved in the transaction are not common, the consumers can not transfer each other; the three is to restrict the possession of the income, the virtual currency self No interest should be attached to the body. Wang Xin said that the value basis of Internet integration and the source of funds should be clearly defined, and the related enterprises and Internet platforms should be eliminated without the actual marketing costs as anchors, and the Internet integration of the same group was issued by the same group by the means of cross enterprise subsidies. The transaction object of Internet integration should be defined and restricted to the one-way transactions of customers, merchants and platforms, so as to avoid the Internet integration settlement by the merchants and restrict the Internet integration transfer between customers. Some unlawfully unlawfully fund-raising for Internet financial innovations such as ICO and various kinds of virtual currencies, which are more novel and more concealed. The relevant person in charge of the central bank pointed out at the meeting in April 23rd. The official said that the peoples Bank of Chinas alleged illegal fund-raising virtual currency related acts to crack down. At present, the virtual currency trading places such as ICO platform and bitcoin have basically been realized without risk exit. According to the Beijing News reporters combing, this is the central bank this year, the fifth publicly talked about virtual currency supervision. Dong Ximiao, a senior researcher at the Renmin University of China Chung Yang Financial Research Institute, pointed out that the central bank has made progresses in the cleaning and rectifying of the ICO platform and the virtual currency trading place, and it should also be seen that the prevention of ICO and the virtual currency disorder is still a long way to go. I think we should continue to take measures to increase the intensity of cleaning up and rectification. He said that the original ICO, the virtual currency transactions in a small circle, and at present from some public information, still have the phenomenon of spread to ordinary investors, even the elderly are appearing, but just this part of the people, lack of financial knowledge, self-protection ability is relatively weak, so cleaning up the task is not. It can come to an end. September 4, 2017 The seven departments, including the central bank and the network letter office, issued a joint announcement to stop the token issuance (ICO), clean up and reorganize the ICO platform and organize the return of ICO tokens. September 14, 2017 Bitcoin China announced that it stopped the trading of bitcoins and other transactions. The platform stopped the registration of new users from 14, and stopped all digital assets trading business in September 30th. September 15, 2017 Beijing regulators announced the shutdown of the virtual currency exchange, such as bitcoin, and announced a announcement to stop the final time of the virtual currency trading at 24 p. m. on 15 p. m. and immediately announced a stop for new user registration. Since then, the OKCoin bulletin said that all users will be told to stop trading before September 30th and will gradually stop the transaction of all digital assets against the renminbi by October 31st. In January 12, 2018, the China Internet Finance Association announced that consumers and investment personnel were in disguised form ICO. In January 26, 2018, the China Internet Finance Association issued a note indicating the risk of foreign ICO trading with virtual currency. In April 23, 2018, the central bank in charge of the introduction, at present, the national touch ICO platform and bit currency and other virtual currency trading places have basically realized risk-free exit. Beijing News reporter Mi Di collated the Beijing News reporter Mi Di Intern Yang Ting according to the public information. This article source: Beijing News Editor in charge: Bai Xin _NT4464 Since then, the OKCoin bulletin said that all users will be told to stop trading before September 30th and will gradually stop the transaction of all digital assets against the renminbi by October 31st. January 12, 2018 China Internet Finance Association announcements, prompting consumers, investment and civil defense in disguised form ICO. January 26, 2018 China Internet Finance Association issued a note, suggesting the risk of overseas ICO and virtual currency trading. April 23, 2018 Central bank relevant responsible person said that at present, the national ICO platform and bitcoin currency trading venues have basically achieved no risk exit. Mi Di, a journalist of the new Beijing News, is organized according to public information Yang Ting, a journalist of the new Beijing newspaper, MI di