Legal basis: Notice of the People's Bank of China, the Ministry of Industry and Information Technology and the China Banking Regulatory Commission on Preventing Bitcoin Risks.
First, correctly understand the attributes of Bitcoin.
Bitcoin has four main characteristics: no centralized issuer, limited total amount, unlimited use and anonymity. Although bitcoin is called "currency", it is not a real currency because it is not issued by the monetary authorities and has no monetary attributes such as legal compensation and coercion. In nature, bitcoin should be a specific virtual commodity, which does not have the same legal status as currency, and cannot and should not be used as currency in the market.
Two. Financial institutions and payment institutions are not allowed to conduct business related to Bitcoin.
At this stage, financial institutions and payment institutions are not allowed to price products or services with Bitcoin, buy or sell Bitcoin as a central counterparty, underwrite insurance business related to Bitcoin or include Bitcoin in the scope of insurance liability, or directly or indirectly provide customers with other services related to Bitcoin, including: providing customers with services such as Bitcoin registration, trading, clearing and settlement; Accept bitcoin or use bitcoin as a payment and settlement tool; Carry out bitcoin exchange services between RMB and foreign currency; Conduct bitcoin storage, custody, mortgage and other businesses; Issuing financial products related to Bitcoin; Take Bitcoin as the investment target of trusts, funds and other investments.