The state's policy on virtual currency transactions is strictly regulated and prohibited: On June 20 18, at the inter-ministerial joint meeting on illegal fund-raising, Bank of China said that it would severely crack down on "virtual currency" related behaviors suspected of illegal fund-raising. For virtual currency exchanges such as ICO and Bitcoin suspected of illegal fund-raising and illegal securities activities, the central bank, together with relevant departments, issued timely announcements, made clear attitudes, warned risks and deployed various localities to carry out rectification.

2065438+In August 2008, China Banking and Insurance Regulatory Commission, the Central Network Information Office, the Ministry of Public Security, the People's Bank of China and the General Administration of Market Supervision issued the "Risk Tips on Preventing Illegal Fund Raising in the Name of Virtual Currency and Blockchain", emphasizing the so-called virtual currency, virtual assets and digital assets absorption by issuing under the banner of financial innovation and blockchain. China now has a strict policy on virtual currency, which is explicitly prohibited. Hope to adopt.