People's Bank of China:: In the past 18 years, 173 virtual currency trading and token issuing financing platforms have been exited without risk.

The People's Bank of China released the China Financial Stability Report (2019) on the official website today. The report pointed out that traditional financial institutions use technological means to innovate and develop. For example, to improve operational efficiency, develop new technologies such as artificial intelligence, develop smart investment business, introduce blockchain technology in payment clearing, credit management, asset custody, etc., and simplify risk management and transparency by using smart contracts. At the same time, the report said that since 2018, the financial system has conscientiously implemented the decision-making arrangements of the Party Central Committee and the State Council, and implemented various tasks and measures in the tough battles in accordance with the ideas and measures determined by the central government, and achieved positive results. The domestic 173 virtual currency trading and token issuing financing platforms have all exited without risk.