Bitcoin China will shut down, the graphics industry ushered in the storm

13, the Internet Finance Association in Chinese "on the prevention of bitcoin virtual currency called “ ” risk tips" that all kinds of so-called &ldquo coins; ” trading platform in our country there is no legal basis for the establishment of. Bitcoin virtual currency called “ ” become money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities, investors should be vigilant, find clues to the criminal activities should be reported immediately.
However, from the whole of China bitcoin market can be seen, Shanghai stop agreement is not a case, it is a national action. In the China bitcoin platform is currently no longer allow users to register, this is repeated, a cliff growth is about to bid farewell to the virtual currency market China.
14, the major virtual currencies plummeted, as at 14 on the evening of 9, bitcoin China data show that bitcoin fell about 20% on the day, fell below 20 thousand yuan, the Wright currency and the decline in the daily rate of platinum coins are more than 30%. However, as the author said, China's influence is powerful, bitcoin did not digest the halt in China, the global market followed by a slump.
China's halt does not mean bitcoin disappears
China stopped bitcoin because the law is not perfect, bitcoin not only become a virtual currency transactions, but also become a lot of illegal money laundering channels. Chinese bitcoin market is to follow the trend of the global market, due to the high return rate, Chinese some financial game player bitcoin is introduced into China, and build a platform, but the legal level has not pay attention to this industry, and did not form such as Japan, Germany such complete and strict supervision system. It's just a speculation.
Chinese Internet Finance Association finally calls on member units to fulfill the industry self-discipline commitment, strictly abide by the provisions of the state laws and regulations, and do not participate in any so-called virtual currency “ ” provide centralized services related to the transaction or for such transactions, active against any illegal financial activities.
However, bitcoin will not happen in this chain reaction, disappear. On the one hand, bitcoin has been legalized in Japan and Germany, becoming one of the transaction currencies, and has a complete financial regulatory system. On the other hand, the emergence of bitcoin behind a group of fanatics, they are global digging frenzy promoters, and distributed throughout the world. However, the global market is not very safe, investors through the bitcoin virtual currency called “ ” trading platform involved in speculation, facing the risk of price fluctuations, safety risk, and the platform technology risk is higher, the international has multi trading platform hacking theft, investors should be bear the investment risk. And money laundering and other acts are not unique to China, the global criminals are using trading platform to obtain the so-called “ virtual currency ” in order to engage in related illegal activities, there is a greater legal risk.