Beijing Securities Regulatory Bureau of the China Securities Regulatory Commission: Institutions and personnel in Beijing must not promote or promote relevant virtual currency projects or platforms

Source: Editor's Note of the Beijing Supervision Bureau : The original title was "Notes on Further Preventing the Risks of" Virtual Currency "Trading Activities"

Today, the China Securities Regulatory Commission Beijing Supervision Bureau issued a risk alert on further preventing "virtual currency" trading activities. The text is as follows:

Risk Tips on Further Preventing "Virtual Currency" Trading Activities

Recently, with the promotion and promotion of blockchain technology, virtual currency trading activities are showing signs of resurgence in the country. Some virtual currency trading platforms provide virtual currency trading services to domestic residents. They have launched zero-interest loans, dual currency wealth management and other projects through digital currency mortgages. Serious violations of the "Announcement on Preventing the Financing Risk of Tokens" issued by the People's Bank of China and other seven ministries and commissions are suspected of engaging in illegal financial activities and disrupting the economic and financial order.

The financial management departments, network telecommunications management departments, and public security departments within the jurisdiction continue to maintain high pressure on virtual currency transactions, ICOs and disguised ICOs, and comprehensively use on-site interviews, administrative investigations, website closures, and criminal case filing to combat them.

Here, we seriously warn institutions and personnel in Beijing that carry out related activities shall not publicize and promote relevant virtual currency projects or platforms, do not conduct virtual currency business sales or transactions, do not engage in virtual currency transactions or disguised transactions with investors, and shall not engage in or Acting on domestic and overseas virtual currency issuance and trading activities, financial institutions and non-bank payment institutions within its jurisdiction shall not provide services for any virtual currency transaction.

At the same time, investors are reminded to maintain rationality, strengthen awareness of risk prevention and identification capabilities, beware of being deceived, and report related violations of laws and regulations in a timely manner.

Beijing Municipal Financial Supervision Administration

Business Management Department of the People's Bank of China

Beijing Banking Insurance Regulatory Bureau

Beijing Securities Regulatory Bureau

December 27, 2019

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Opinion

Exclusive Interview with dYdX Foundation CEO dYdX Chain Abandons Off-chain Order Book, Aims to Become Public Infrastructure

The CEO of the dYdX Foundation, Charles, believes that dYdX will develop towards becoming a derivative giant, and bec...

Blockchain

Analysis: How does the value chain of the blockchain industry work?

Over the past few years, blockchain technology has evolved from a purely technology to a multi-billion dollar industr...

Blockchain

Interview with Justin Sun: Web3 Yu'ebao stUSDT, Tron's Ambition to Connect DeFi and TradFi

stUSDT allows users to access low-risk and stable investment opportunities in national bonds, and supports flexible w...

Blockchain

Weekly data on the BTC chain: data on the chain began to fall, and the exchange traded frequently

In the past week (10.28-11.03), from the main chain data, the total amount of transactions has increased compared wit...

Bitcoin

The Ripple case: Over or Underdog Victory?

Missed the latest in crypto this weekend? Catch up on the top stories here!

Blockchain

Blockchain data analysis lets you see the counterparties

By analyzing the blockchain data set, we will have a better and clearer understanding of cryptocurrencies. (Image sou...