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How to treat the announcement issued by the three associations to prevent speculative risks in virtual currency transactions?
Recently, the price of virtual currency has soared and plummeted, and the speculative behavior of virtual currency trading has rebounded, which has seriously violated the property safety of the people and disrupted the normal economic and financial order. Virtual currency is a specific virtual commodity, which is not issued by the monetary authorities, has no monetary attributes such as legal compensation and coercion, is not a real currency, and should not and cannot be used as currency in the market. Virtual currency has no real value support, and its price is easily manipulated. There are multiple risks in related speculative trading activities, such as false asset risk, business failure risk and investment speculation risk. Virtual currency trading contracts are not protected by law, and the consequences and losses caused by investment transactions are borne by the relevant parties themselves.
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