Abstract : Recently, with the promotion of blockchain technology, virtual currency trading activities have shown signs of resurgence in China.
Beijing Securities Regulatory Bureau has released “On Risk Warning of virtual currency trading activities” on December 27. Recently, with the promotion of blockchain technology, virtual currency trading activities have shown signs of resurgence in China. The financial management departments, network telecommunications management departments, and the public security department within the jurisdiction should maintain high supervision pressure on ICO and similar ICO projects. The supervision methods include on-site interviews, administrative investigations, website closures, criminal filing, and so on.
All organizations and personnel in Beijing are prohibited to get involved in such activities as follows:
1. Promote virtual currency projects or platforms;
2. Execute virtual currency businesses like selling or trading;
3. Introduce virtual currency trading business or other businesses that have the same nature;
4. Get involved in both domestic and foreign virtual currency issuing, trading activities.
Further, all financial or non-banking payment organizations are not allowed to provide services for any virtual currency business.
At the same time, investors are reminded to maintain rationality, strengthen risk prevention awareness and identification ability, beware of being deceived, and report related violations in time.