财经少华
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Changes in China's virtual currency regulatory policy (2013-2021)
2013-2014: Preliminary understanding 2013:
"Notice on Preventing Bitcoin Risks" Bitcoin is defined as a "specific virtual commodity" and is not a legal currency. Financial institutions are not allowed to participate, and the public is reminded to guard against risks.
2014: ICO regulations
Reaffirm the commodity attributes of virtual currency, stop token issuance and financing, and prevent financial fraud.
2017: Strictly control the "September 4th Ban" (September 4, 2017)
Banned ICO, cleared issued tokens, cracked down on illegal activities, and curbed market overheating.
2021: Comprehensive crackdown September 2021 Notice
Ten ministries and commissions jointly issued a document stating that virtual currency-related businesses are illegal financial activities, blocking domestic and foreign transaction speculation, and strengthening monitoring and law enforcement.
Future Outlook
The country will continue to strengthen supervision, promote digital RMB, and ensure financial stability. Investors need to pay attention to policies, invest in compliance, and rationally assess risks.
2013-2014: Preliminary understanding 2013:
"Notice on Preventing Bitcoin Risks" Bitcoin is defined as a "specific virtual commodity" and is not a legal currency. Financial institutions are not allowed to participate, and the public is reminded to guard against risks.
2014: ICO regulations
Reaffirm the commodity attributes of virtual currency, stop token issuance and financing, and prevent financial fraud.
2017: Strictly control the "September 4th Ban" (September 4, 2017)
Banned ICO, cleared issued tokens, cracked down on illegal activities, and curbed market overheating.
2021: Comprehensive crackdown September 2021 Notice
Ten ministries and commissions jointly issued a document stating that virtual currency-related businesses are illegal financial activities, blocking domestic and foreign transaction speculation, and strengthening monitoring and law enforcement.
Future Outlook
The country will continue to strengthen supervision, promote digital RMB, and ensure financial stability. Investors need to pay attention to policies, invest in compliance, and rationally assess risks.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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