After Bitcoin China announced the suspension of trading first, platforms such as Huobi, OKCoin currency trading, and Microbit also announced that they will suspend all trading business.

　　Among them, on September 15th, Huobi and OKCoin announced separately that they will notify all users before September 30th that trading will be suspended, and all transactions of digital assets to RMB will be gradually suspended step by step before October 31st. However, the announcement also clearly states that
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　　’Adhering to the prevention of investment risks and the maximum protection of user interests, the Bitcoin China team, after careful discussion, has decided to close the Bitcoin China trading platform.’ Bitcoin China, the first to issue an announcement, explained why the trading platform had to be closed.

　　On September 4 this year, the People’s Bank of China and seven other departments issued the ‘Announcement on Preventing Risks of Token Issuance Financing’ (hereinafter referred to as the ‘Announcement’), requiring a comprehensive cleanup and rectification of the trading of financing tokens and Online casino and How to find it in China.

　　The Announcement states that in recent days, a large number of activities of financing through the issuance of tokens, including the Initial Coin Offering (ICO), have emerged domestically, speculative speculation is prevalent, suspected of engaging in illegal financial activities, seriously disrupting the economic and financial order. The Announcement also clearly states that all kinds of token issuance financing activities should be immediately stopped. Organizations and individuals who have completed token issuance financing should make arrangements for withdrawal, reasonably protect the rights and interests of investors, and properly dispose of risks. Relevant departments will investigate and deal with in accordance with the law the token issuance financing activities that refuse to stop and the illegal and illegal acts in the completed token issuance financing projects.online casino local and The latest strategy

　　At the ‘2017 Financial Street Forum’ held recently, Li Yang, director of the National Financial and Development Laboratory, said that Bitcoin is not a financial innovation that serves the real economy. It uses the banner of high and new technology, thinking that it can break away from the central bank, provide a new pricing standard and payment method for society, and promote the stable and healthy development of the macro economy, but the actual effect is not like this.

　　’Bitcoin is not a currency, it does not meet the several conditions required for currency. It endangers financial stability, and then endangers the stability of the macro economy.’ Li Yang said.

　　Jing Naiquan, associate professor of the Finance Department of the School of Economics at Zhejiang University, also said recently that Bitcoin and other Online casino and How to find it are not currencies, but investment products. The price has been driven up by investors in the past two years, the risk is increasing, and there are also many phenomena of fraud for money through ICO. It is very necessary for the regulatory authorities to stop ICO and close the public trading of Online casino and How to find it.

　　On the evening of September 13th, the China Internet Finance Association issued a statement saying that in recent years, ‘Online casino and How to find it’ has been trading intensively on some internet platforms, with the number of people involved gradually expanding, and the financial and social risks隐患 formed cannot be ignored. The Internet finance association reminds investors that participating in speculative speculation through trading platforms such as Bitcoin, so-called ‘Online casino and How to find it’, faces the risk of significant price fluctuations, security risks, and other risks. There is no legal basis for the establishment of various so-called ‘coins’ trading platforms in our country.