The Shenzhen Municipal Bureau of Local Financial Supervision has detected 39 illegal enterprises suspected of carrying out virtual currency activities.

Source: Shenzhen Special Zone Daily

Shenzhen Special Zone News (Reporter Shen Yong) Virtual currency speculation will be included in Shenzhen's local financial supervision. The reporter learned from the Shenzhen Internet Finance Risk Special Restruction Leading Group Office (hereinafter referred to as “Shenzhen Mujin Renovation Office”) that the office has issued risk warnings on preventing virtual currency speculation and notified the district rectification offices and Qianhai management. The Bureau, the People's Bank of China Shenzhen Central Branch, the Municipal Public Security Bureau, the Economic Investigation Bureau, the Municipal Communications Administration and other units jointly carried out the investigation and rectification of virtual currency trading places.

According to the risk warning, since the release of the “Announcement on Preventing the Risk of Subsidy Issuance Financing” in 2017, the illegal activities of Shenzhen virtual currency have been greatly reduced, and relevant financial risks have been effectively controlled. However, in the near future, with the promotion and promotion of blockchain technology, virtual currency speculation has risen, and some illegal activities have shown signs of resurgence. The Municipal Mutual Rehabilitation Office will conduct a series of illegal activities for engaging in virtual currency within the jurisdiction through various channels; once found, it will be strictly dealt with in accordance with the "Announcement on Preventing the Risk of Subsidy Issuance of Financing". Investors should be vigilant against illegal financial activities of virtual currency, promptly report relevant illegal violations, and beware of being deceived.

The operation will focus on three activities: first, providing virtual currency trading services or opening virtual currency trading places in China; second, providing service channels for overseas virtual currency trading places, including services such as drainage and agency trading; In the name of the sale of tokens, raise funds for investors or virtual currency such as Bitcoin and Ethereum. The district rectification offices, the Qianhai Administration, the People's Bank of China Shenzhen Central Branch, the Municipal Public Security Bureau, the Economic Investigation Bureau, the Municipal Communications Administration and other units have received notices to complete the mapping work before November 25 and to the Municipal Mutual Renovation Office. Submit a list of companies and information about virtual currency-related activities within their jurisdiction. For the above-mentioned enterprises found in the investigation, dispose of them immediately and play early.

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The latest information shows that the local financial supervision bureau of Shenzhen has passed the coffin system to detect 39 illegal enterprises suspected of carrying out virtual currency.

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