Virtual currencies such as Bitcoin, Ethereum and TEDA have the main characteristics of being issued by non-monetary authorities, using encryption technology, distributed accounts or similar technologies, and existing in digital form. They have no legal compensation and should not and cannot be used as currencies in the market. Virtual currency related business activities are illegal financial activities. Virtual currency-related business activities such as legal tender and virtual currency exchange business, virtual currency exchange business, buying and selling virtual currency as a central counterparty, providing information intermediary and pricing services for virtual currency transactions, token issuance financing, and virtual currency derivatives trading are all strictly prohibited, and illegal financial activities such as illegally selling token tickets, publicly issuing securities without authorization, illegally operating futures business, and illegally raising funds are resolutely banned according to law. If carrying out related illegal financial activities constitutes a crime, criminal responsibility shall be investigated according to law.