November 18th news. In response to the investigation and rectification of the virtual currency exchange in Shanghai, Xiao Wei, director of the Bank of China Law Research Association, pointed out in an interview with the Beijing Business Daily that from the experience of handling cases, the annual customs are the “time nodes” that law enforcement agencies in various provinces and cities are very concerned about. At the end of the year, it is reasonable to conduct a survey of the virtual currency exchanges and surrounding industries within its jurisdiction. In the current round of clean-up and rectification actions, the focus of the crackdown is expected to focus on fund-raising fraud and illegal business operations. The crackdown on local small and medium-sized currency exchanges may be the "preferred".