On December 11th, the Legal Daily published an article "Severely crack down on virtual currency transactions in many places, and experts recommend focusing on monitoring the functions and uses of virtual currencies." The article points out that in addition to Shenzhen, Beijing, Shanghai and other places have also issued announcements to conduct comprehensive investigations on virtual currency trading activities within their jurisdiction and severely crack down on virtual currency transaction behavior. Li Aijun, Dean of the Institute of Internet Finance Law, China University of Political Science and Law, said that according to the current situation, for the supervision of virtual currency, we should focus on preventing the function of any form of virtual currency to replace the RMB, and engaging in illegal acts through virtual currency, that is to strengthen the virtual Regulation of the function and use of money. It is important to pay attention to whether virtual currency is used as currency, not only whether it is a counterfeit and altered RMB from the object form of currency. As long as the virtual currency presented in code form is used as currency, it is equivalent to counterfeit currency in our physical world, and can be regulated and regulated in accordance with relevant laws and regulations such as the People ’s Bank of China Law and Criminal Law. Sanctions.