日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Opinion
Home / Opinion / From the Press

Goodbye, Bitcoin

People's Daily Online | Updated: 2017-09-18 13:45

Goodbye, Bitcoin

Trading volume on China's major Bitcoin exchanges has plunged in the past week, since authorities tightened regulation of the digital currency. [Photo/VCG]

Chinese Bitcoin exchanges including BTCChina and ViaBTC announced one after another to close all the transactions by the end of September, as ordered by a formal document released jointly by seven Chinese departments, involving the Central Bank, Cyberspace Administration of China, and Ministry of Industry and Information Technology. The news got wide attention from the market as the supervision and management of virtual currency is more restricted than ever.

Different from normal currency, Bitcoin is a digital virtual currency emerged after the financial crisis in 2008 that relies on certain computer algorithm. The total amount of Bitcoins is limited to 21 million and it can be exchanged to normal currencies of most countries and be used to buy virtual products in games.

After exchanges of Bitcoin started to operate, the trading price of Bitcoin soared. Due to the decentralization character of Bitcoin, it is hard to be effectively supervised or managed. In recent years, there were many problems related to exchanges of Bitcoins, such as market speculation, that have been creating financial bubbles and adding risks to the whole financial system. Some hackers stole Bitcoins by cracking down the locked algorithm. Moreover, the currency was used by criminals to launder money, sell drugs, smuggle, raise fund illegally.

Facing the chaotic situation of virtual currency, the Chinese government chose to act strongly and timely to control it. Regulators ordered exchanges to stop initial coin offering (ICO) on Sept 4, 2017, and has now gone further to instruct them to close their exchange platforms. In this case, Chinese regulation showed more strength than countries like Japan, Korea, and Singapore. Many media considered the actions as presentation of Chinese government’s determination and execution to prevent the risks brought by virtual currency and guarantee financial security.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 日韩一区二区三区在线 | 老版奇米影视 | 欧美日韩中文国产一区发布 | 深夜电影网 | 亚洲精品久久婷婷丁香51 | 久热久热 | 91在线网| 欧美日韩在线观看视频 | 免费色视频| 日韩欧美视频免费观看 | 丁香六月婷婷在线 | 草比网站 | 五月天激激婷婷大综合蜜芽 | 日日舔夜夜摸 | 在线婷婷 | 一区二区三区视频 | 午夜视频在线观看视频 | 国产福利视频一区美女 | 亚洲午夜成激人情在线影院 | 国产精品资源在线 | 香蕉久草 | 国产精品v欧美精品∨日韩 一级免费黄色免费片 | 久萆app污版下载网站 | 天天干天天操天天做 | 日韩视频在线观看免费视频 | 欧美视频一区 | 亚洲一区二区三区影院 | 日韩欧美一区二区三区在线视频 | 亚洲免费视| 欧美亚洲国产第一页草草 | 国产午夜精品久久久久久久蜜臀 | 91在线网站 | 青青免费视频精品一区二区 | 日本免费大片免费视频 | 天天干天天操 | 久久国产精品免费一区二区三区 | 日韩欧美亚洲 | 欧美ol丝袜高跟秘书在线播放 | 国产 麻豆| 久久国产精品久久久久久久久久 | 欧美极品brazzers 高清 |