Economic reference newspaper: rectifying the chaos of virtual currency speculation can not be delayed

The Economic Reference News published an article today, “Rectification of virtual currency speculation chaos can not be delayed”. On May 21, the Financial Stability Development Committee of the State Council further requested to “crack down on bitcoin mining and trading practices. “. In the next step, the financial management should increase its efforts to crack down on illegal virtual currency mining and trading activities, maintain a good normal economic and financial order, and create a better environment for the official launch of China’s digital RMB. Institutions and platforms that illegally participate in virtual currency trading, speculation or provide support services for them should be disposed of jointly with judicial departments in a timely manner to raise the cost of violations and increase the deterrent effect of remediation activities. For bitcoin mining projects, localities should be fully cleaned up and shut down in a timely manner.

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