Cryptocurrency markets like bitcoin are a financial crime! 10 temples are true

Most recently, the company has been the company of United States of America, United States of America, United States of America. Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company Company The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company The Securities and Exchange Commission, the China Securities Regulatory Commission and the State Foreign Exchange Administration jointly developed a 'virtual We announced the report of the Securities and Exchange Commission. Bad Money Transfers ”(hereinafter referred to as“ the Notice ”).

The "Notice" states that virtual currencies such as Bitcoin, Ether, and TEDA coins are available digitally with key features provided by non-financial companies. Crypto technology and the distribution of money or technology are similar. Repairable and not to redeem market money and any business associated with virtual currency is a financial offense. Providing brokerage information and billing services for fiat and virtual currency exchanges, virtual currency exchanges and virtual currency trading as a central counterparty for virtual currency trading, token trading, trading virtual currency derivatives and other virtual profits related to the illegal sale of tokens and banknotes, illegal public release of securities, illegal trading of the future business, financial failure, legal and other activities suspected of Financial misconduct is strictly prohibited by law and it is prohibited to make decisions. Examine the liability required by law for carrying out illegal financial activities necessary to break the law.

Responding to reporters' questions about the "publicity," a Chinese Monetary Fund official said that in recent years, Bitcoin and other virtual currency markets have disrupted, affected business and financial decisions, and led to money laundering. silver. It is sure to cause serious damage to human property through illegal use of funds, fraud, pyramid schemes and other illegal and criminal activities. In order to establish a role of responsible and traditional stewardship of virtual reality enterprise virtualization hype activities, the Company and other organizations combine emerging risk situations and prepare content-based “alerts”. previous job.

The “Report” makes it clear that it is necessary to establish a healthy working environment to deal with the risks of speculation in the virtual currency market.

More specifically, the first is to establish a well-functioning, integrated and interconnected inter-regional communication system. In the middle, 10 departments, including the Ministry of Public Security, the Central Administration of Cyberspace of China, and the Ministry of Public Security, have established joint ventures to cooperate and help support the operation of the entire enterprise. . State governments have fulfilled their responsibility to risk the region and to ban and destroy virtual resources within their jurisdiction.

The second is to support early monitoring and warning of speculative risks in cryptocurrency exchanges. The company's joint venture and cyberspace administration will improve the functionality of the virtual currency monitoring technology platform and improve the accuracy and efficiency of the transaction. monitors and discovers virtual results and performance estimates. Financial institutions and underperforming financial institutions need to strengthen their oversight of cryptocurrency investments. All departments and districts should strengthen the integration of online monitoring, offline monitoring and financial management, and establish the sharing of information and procedures at all levels.

The third is to establish protection and performance against the risk of speculation in virtual currency trading at multiple levels and at multiple levels. The Ministry of Finance, the Office of Information, the Communications Agency, the Ministry of Public Security and the Ministry of Business work closely to block payments, legally process websites and mobile applications, and strengthen registrations and management of announcements. In order to fight against financial crimes of companies in accordance with the law, professional associations are strengthening their efforts to regulate participation and promotion of the law, and prevent and interfere with the risks of speculation in the virtual market.

Company employees will be required to establish a long-term working relationship between centralized management, zone management, joint ventures and joint ventures, regular emergency management, continuous monitoring, timely management of risk factors and decisions against the hype. virtual currency exchanges. Every effort is made to cause financial and criminal offenses and crimes related to virtual currency, to protect the safety of human beings as a whole, and to govern the economy, economy and community safety.

To prevent and eliminate further

Warning of dangerous hype in the cryptocurrency market

The people's government of each province, autonomous region and city directly according to the central government and the Xinjiang Production and Development Group:

Recently, the hype on virtual currency exchange has increased, disrupting business and financial decisions, promoting crime and felony such as gambling, illicit money, fraud. , pyramid schemes, money laundering and endangering human property. In accordance with the "People's Bank of China Law" and the "Commercial Bank Law of the People's Republic of China", to prevent and deal with the risk of virtual gambling risk. Currency Exchange and National Security and Community Security, "People's Republic of China Securities Law" and "People's Republic of China" Network Security "Telecommunications Law of the People's Republic of China, Regulation on the Prevention and Treatment of Non-Funding legal, Regulations on the management of forward transactions, Decisions and transactions of the Council of State on the purification and adjustment of many local companies to Practice Prevention of financial risks Ministry of the Interior and Communications of the Council of State of sanitation and hygiene.

1. Identify the main characteristics of virtual currencies and other transactions.

(1) Virtual currency does not have the same rights as legal fiduciary currency. Cryptocurrencies such as Bitcoin, Ethereum, and TEDA coins are typically issued by non-financial organizations using crypto technology and distributed funds or similar technologies, and are available digitally. It is used to earn money in stores, used in travel.

(2) Virtual real estate transactions are financially illegal activities. Applicable to fiat and virtual forex market, virtual currency forex market, buying and selling virtual currencies as a base counterparty, trading virtual currencies, trading tokens, trading in virtual currency derivatives and other information and pricing brokerage services for the feel of the virtual currency market. financial crimes, such as the illegal sale of tokens and commercial tickets, illegal public issuance, illegal trading in futures and illegal financial transactions, which are strictly limited and prohibited by law. In the event of financial failure, criminal liability will be sought in accordance with the law.

(3) It is also an illegal financial practice for foreign currencies to provide services to homeowners on the Internet. Continue to provide marketing advice, payment solutions, technical support and other services to domestic staff of foreign exchange and legal organizations, non-partisan and to individuals who know or need to know they are involved in issues virtual legal matters related to business. organizations are legally required to investigate liability.

(4) There is a risk of legal implication in investing and trading cryptocurrency. If a person is a legitimate non-participant or an offender who violates public and cultural norms by investing in virtual resources and related benefits, public order will not be valid. In cases which affect financial decisions and present a risk to financial security, the relevant department should conduct a judicial investigation.

2. Develop and improve operational procedures to deal with the risks of cryptocurrency hype.

(5) Integration of temples. The company is the Central Cyber ​​Administration of the Company, the Supreme Court, the Supreme Court, the Supreme Court, the Supreme Court, the Supreme Court, the Supreme Court, the Supreme Court, the Supreme Court, the Supreme Court , Supreme Court, Supreme Court, Supreme Court, Supreme Court, Supreme Court Ministry of Industry and Information Technology, Ministry of Public Security, State Administration of Market Regulation, Governance of 'business and financial institutions; and other agencies are establishing joint ventures to work together to solve key business issues, and oversee and require all regions to work together collaboratively.

(6) Improve the management of the area. State governments are generally responsible for preventing and mitigating the risks of virtual currency transactions in their jurisdictions, and the powers vested in administration, state council finances, cybersecurity and information , communications, public safety and surveillance. Establish procedures for operating, repairing and supporting resources, adequately preventing and resolving problems affecting virtual currency trading, and managing trade and financial and social relationships. and stability.

3. Cryptocurrency trading speculation risk monitoring and early warning

(7) Comprehensive surveillance and early warning. Members of state government will be responsible for local surveillance and early warning systems, and integrate online surveillance and offline research to bring them to the fore. , to for, to, to, to, to, to, to, to, to, to, to to order to order to order to order to order for up to equilibrium up to equilibrium up to l 'balance until balance until stop until stop until stop In order to ensure that China's popular financial institutions, the Central Administration of cyberspace of China and other departments continue to improve the heritage of crypto asset management, aware of the virtual benefits of "mining", the whole chain of transactions and trade, and always active data backup. . The Ministry of Finance will use financial and non-financial institutions to support financial services related to virtual commerce.

(8) Create file sharing and quick response procedures. State governments, local financial authorities and financial institutions, as well as the financial affairs department of the State Security Council, the cybersecurity computerization department, public security agencies, are adapting, etc. ., and establish a rapid mechanism of elimination.

Fourth, establish more space and more risk prevention and treatment

(9) Financial institutions and non-profit businesses should not provide services to virtual businesses. Financial institutions and non-financial service companies do not provide services such as open accounts, money transfers, distributions and contracts for virtual real estate transactions. , does not include virtual currency as a commercial product, and does not include virtual commercial virtualization. Business insurance or virtual benefits are included in the area of ​​insurance liability, and any indication of any breach should be reported to the relevant department in a timely manner. .

(10) Improve the management of Internet content and access to virtual resources. Internet companies cannot provide services such as online business sites, business presentations, advertising and paid services only for virtual business operations. Provide services and support to departments and to research and exploration. . According to the rules provided by the financial management service, the capacity of the information and communication policy of the network should, as a rule, immediately close the website, mobile applications, mini-programs and other Internet applications that perform virtual business transactions.

(11) Improve the registration and advertising management of commercial sites related to virtual benefits. The Department of Business Administration strengthens the management of the registration of business entities, as well as the registration and marketing of businesses and traders and businesses such as "virtual currency", "virtual asset", "" crypto -currency ”and“ crypto asset ”. The Department of Business Administration, together with the Department of Financial Management, strengthens the oversight of the real estate-based virtual legal publishing system and expands research and development.

(12) Strictly prohibit financial violations related to virtual currency. After discovering information about financial fraud related to virtual assets, the city's financial department, as well as the financial department of the state board of directors and other departments involved, will immediately investigate, identify and comply with the law. , the liability of legal entities, non-partisan groups and individuals for the violations will be strictly investigated and, where appropriate, returned to the flight judges for investigation and legal action.

(13) Strictly prohibit violations associated with virtual currency. The Ministry of Public Security has sent security agencies across the country to pursue "special financial protection", "border game special forces" and "card opening special forces" to strengthen them. Investigate illegal activity, financial fraud, and other crimes in the cryptocurrency market. Virtual currency with special effects.

(14) Strengthening of the company's self-regulation. China Internet Finance Association, China Payments and Settlement Association, and China Banking Association Strengthen Membership Management and Advocacy Policies, Advocate and Urge Member Organizations to Restrict Money. law. , providing punishment based on the impact of self-control. It relies on a variety of trading companies to perform speculative risk assessments on virtual currency trading and submit issues in a timely manner to relevant agencies.

5. Improve organization and practice

(15) Develop the culture of the organization and global integration. Each department and region should prioritize the control of the risk of speculation in the virtual currency market, strengthen the culture of the organization, clarify the role of work and establish long-term responsibility for inter-agency cooperation, spatial coordination , joint ventures and businesses. Manage emergencies and manage risks. Take appropriate measures to prevent and reduce risks, and do everything possible to protect the security of human property and to regulate economic, financial and social security in accordance with the law.

(16) Improve interpretation of the law, advertising and education. All departments, regions and business organizations should make full use of various media and other means of communication to educate the public about the illegality and harm of speculation in cryptocurrencies and other sectors affected by legal interpretation, risk assessments, investment risk education, etc. . . and its risk prevention public awareness panels.