China News Agency, Beijing, August 27 (Reporter Xia Bin) "We also remind the general public once again that Bitcoin and other virtual currencies are not legal tenders and have no actual value support. Related transactions are purely speculative. It is necessary to increase risk awareness. Consciously stay away and protect your "pocket"." Yin Youping, deputy director of the Financial Consumer Rights Protection Bureau of the People's Bank of China, said on the 27th.
On the same day, in 2021, the media briefing for the event "Financial Knowledge Popularization Month, Financial Knowledge Enters Ten Thousands, Striving to Be a Rational Investor and Becoming a Good Financial Netizen", was held in Beijing. Yin Youping said that in response to the rebound momentum of virtual currency trading speculation, the central bank has In conjunction with relevant departments, we have carried out active work in monitoring and tracking overseas exchanges and domestic traders, blocking and cracking down on related websites and apps, cutting off payment channels, and strengthening policy publicity. The hype of virtual currency trading has significantly decreased.
He also emphasized that as a member unit of the Inter-Ministry Joint Conference on Dealing with Illegal Fund Raising, the Central Bank actively cooperates with the lead department of the China Banking and Insurance Regulatory Commission. "Illegal fund-raising activities carried out in the name of "blockchain".
Yin Youping said that in the next step, the central bank will establish a normalized working mechanism, maintain a high-pressure situation, and continue to crack down on related transaction hype activities.