In 2019, the regulatory authorities closed 6 new virtual currency trading platforms in China and disposed of 203 virtual currency trading platforms.

The data shows that since 2019, the relevant regulatory authorities have closed a total of 6 newly discovered virtual currency trading platforms in the country, and disposed of 203 “money” virtual currency trading platforms in seven batches of technology. The two non-bank payment agencies WeChat and Alipay closed nearly 10,000 payment accounts. In view of the heavy supervision, many digital currency exchanges in the market have begun to reduce publicity, and in the community, the group members have been told to keep a low profile. Not only that, but also a number of altcoins, which means that the assets of these altcoin investors are instantly zeroed.