Prohibition of virtual currency, a total ban.

Advise virtual currency players not to deceive themselves. At present, the state of domestic virtual currency is that the whole industry chain is completely banned, and the coming is not supervision but prohibition.

Following the announcement by the People's Bank of China on May 8/KLOC-0 on the official account of WeChat, the Notice of China Internet Finance Association, China Banking Association and China Payment and Clearing Association on Preventing Speculation Risks in Virtual Currency Trading, on May 2 1 day, the the State Council Financial Committee of the Central Bank issued a new notice to severely crack down on bitcoin mining and trading. This shows that virtual currency, a pure financial game, can't gain legal status in China, which mainly develops the real economy. Let me first talk about the main meaning of the announcement made by the three major financial associations and the central bank in May 18: Virtual currency is prohibited in the whole industrial chain, and the acts involving virtual currency management are characterized as the crime of illegal fund-raising, the crime of illegal issuance of securities, the crime of illegal sale of tokens and tickets, and so on. Specifically, it is divided into the following points: First, enterprises are completely prohibited from operating virtual currency as their main business, and the business entities of virtual currency are prohibited. Second, it is forbidden to provide services such as registration, exchange, payment, trading, clearing and settlement for virtual currency, making virtual currency a pile of meaningless numbers. Three, prohibit the virtual currency trading platform, information platform, intermediary services, etc. And prohibit the circulation of virtual currency. Fourth, financial institutions and payment institutions are not allowed to contact virtual currency, which makes virtual currency disconnected from the network. Fifth, virtual currency should not be used as assets for mortgage or insurance, and financial products should not be issued by virtual currency. Trust companies and investment companies are not allowed to use virtual currency as an investment destination to eliminate the so-called digital asset attribute of virtual currency. Six, personal speculation is not protected by law. Many people do not understand the meaning of not being protected by law. Simply put, if you want to report the case, the public security department will not accept it, if you want to sue, the court will not accept it. This means not protected by law, and so on.

At that time, it was not forbidden to dig coins. Unexpectedly, three days later, on May 2 1, the State Council Financial Stability and Development Committee issued a notice to severely crack down on bitcoin mining and trading. In this case, the last and most basic part of virtual currency is also banned. The whole chain of production, management, trading, exchange and service of virtual currency in China has been completely banned. If you use bank cards for virtual currency transactions, you should also be careful with bank cards. Some people say that there were similar documents before. Isn't it just a little thunder and a little rain? Dear coin players, today is different. Since the second half of last year, the country's thinking on financial management has undergone a great reversal. There are two core points. First, finance should serve the entity. What do you think of the GDP growth rate 18% in the first quarter? Finance is meaningless if it can't serve the entity. Virtual currency can not serve the entity, but also lead to the real economy. what do you think? Second, guard against financial risks and prevent individual risks from being transmitted to the social field. So again, if someone advises you to copy the bottom, do you think he wants you to copy the bottom, or let you take over?