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The Country Will Take Regulatory Measures Against The Virtual Currency Offshore Trading Platform Website
Mar 03, 2018

BEIJING, February 4 (Xinhua) Reporters from the People's Bank of China (Xu Yu) said 4th that a number of domestic investors turned to offshore platform websites to continue to participate in virtual currency trading, taking into account the risks involved in trading with foreign platforms, and taking a series of regulatory measures.


The reporter learned from the central bank that for example, a number of mainland participants outside ICO, the seven ministries issued by the Joint "on the prevention of financing risks of the issuance of currency issues," the various risks and problems still exist, including illegal distribution, project untrue, fraud and even MLM, and participate in offshore platform transactions, It may be harder for investors to recover losses.


The regulatory authorities remind investors to recognize the risks associated with the overseas ICO and virtual currency trading platform, to establish a sense of risk prevention and not to participate in related illegal activities.


The reporter also learned from the central bank that the next step will include a series of regulatory measures to prevent financial risks and maintain financial stability, including the prohibition of related commercial presence, the abolition and disposal of domestic and foreign virtual currency trading platform websites. When you find a family, you will close one. At the same time, future developments will not preclude the possibility of further regulatory measures.



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