Yin Zhentao, Chinese Academy of Social Sciences: To solve the regulatory problem of virtual currency, we must first clarify its attributes

Yin Zhentao, deputy director of the Law and Finance Research Office of the Institute of Finance of the Chinese Academy of Social Sciences, said in an interview that virtual currency is a new thing and it is still difficult to manage. To solve this problem fundamentally or technically, we must first clarify the attributes of virtual currencies. Secondly, the current department regulations or risk warnings are warnings of possible risk issues, but it is not particularly clear whether virtual currency is a virtual asset or a currency. Yin Zhentao believes that only after this foundation is clear will there be a clearer understanding of issues related to the issuance and trading of virtual currencies, and it will be clear which behaviors are illegal and illegal. In addition to clear laws and regulations, it is also necessary to spread blockchain knowledge and virtual currency knowledge through various channels and channels. It is also important to popularize education.