Original title: Strictly crack down on the virtual currency industry chain Beijing supervision shot
The virtual currency crackdown situation welcomes substantive progress again. On July 6, the official website of the Business Management Department of the Central Bank disclosed that in order to implement the decision and deployment of the Party Central Committee and the State Council on cracking down on virtual currency transactions, prevent and control the risks of virtual currency transactions, and protect the safety of the people’s property, Beijing’s local financial supervision and management has recently The Bureau, in conjunction with the Business Management Department of the Central Bank and the relevant departments of the Huairou District Government, cleaned up and rectified Beijing Tongdao Cultural Development Co., Ltd., which was suspected of providing software services for virtual currency transactions, and ordered the company to be cancelled. The official website has been suspended.
It is not surprising that the industry has severely cracked down on virtual currency trading hype and rectified and cleaned up typical cases. In fact, just half a month ago, the official website of the central bank announced that relevant departments of the central bank had interviewed some banks and payment institutions on the issue of banks and payment institutions providing services for virtual currency transactions.
This time, the Business Management Department of the Central Bank stated that it solemnly warned relevant institutions within its jurisdiction not to provide business premises, commercial display, marketing, and paid diversion services for virtual currency-related business activities. Financial institutions and payment institutions within the jurisdiction shall not directly or indirectly provide virtual currency-related services to customers.
This warning is a serious blow to many companies in the currency circle industry chain that are wandering on the edge of the regulatory red line.
As Su Xiaorui, a financial technology expert, said, the operation of the Central Bank’s Business Management Department is a precise attack on virtual currency transaction service providers. The circulation process of virtual currency in China is inseparable from basic services such as payment diversion, marketing promotion, payment transfer, etc. The crackdown can effectively prevent illegal transactions of virtual currency from the B side, but also eliminate the trend and form a deterrent to the currency market. .
Specifically, these institutions provide direct or indirect services for virtual currency transactions, including customer acquisition before the transaction, payment transfer during the transaction, and so on. In Su Xiaorui’s view, at present, some virtual currency service institutions have no actual business premises, making it difficult to find out, but it may become a tough point in the later market rectification.
Macro analyst Zhou Maohua also stated that the regulatory authorities had previously clarified their attitudes to prevent the risks of speculation and speculation in virtual currencies, and warned the market about the risks of speculation on many occasions; this time, the supervision has actually been increased. In his view, the regulatory authorities resolutely curb virtual currency speculation, and form a joint force with financial institutions to effectively protect the safety of the people’s legal property and maintain the stability of the domestic financial system.
Su Xiaorui predicts that follow-up supervision in other regions may follow up. In her view, virtual currency speculation is difficult to bring real value to the services of the real economy. It is recommended that relevant industry chain organizations shift their focus to the development and application of blockchain technology, which can reduce regulatory risks and is in line with the future development of financial technology. direction.
Zhou Maohua believes that under strong supervision, financial institutions will effectively fulfill their customer identification obligations and cut off providing products or services such as account opening, registration, trading, clearing, and settlement for related activities. In this context, the trading volume of the currency circle will drop sharply. Without continuous financial support, the price of virtual currency is expected to be under pressure.
In terms of currency prices, a reporter from Beijing Commercial Daily noticed that perhaps due to the latest regulatory news, Bitcoin dropped sharply in the short-term, from USD 35,000 at 17:00 on July 6 to USD 33,822 at 18:15. As of 20:00, Bitcoin The latest offer is $34,178.
Beijing Commercial Daily reporter Yue Pinyu Liu Sihong
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