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China's central bank: all 173 domestic financing platforms for virtual currency trading and token issuance have been withdrawn without risk

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All 173 domestic virtual currency trading and token issuance financing platforms have been withdrawn without risk.

The people's bank of China (pboc) recently released the China financial stability report (2019), which pointed out in "the basic situation of China's fintech development" that traditional financial institutions make use of scientific and technological means for innovative development. For example, it can improve operation efficiency, develop and apply new technologies such as artificial intelligence, carry out intelligent investment and consulting business, introduce block chain technology in payment and clearing, credit management, asset custody and other aspects, and simplify risk management and increase transparency with the help of smart contracts.

The report also pointed out that since 2018, the financial system has earnestly implemented the decisions and arrangements of the CPC central committee and the state council, and implemented various tasks and measures to tackle the problem in accordance with the thinking and measures set by the central committee, with positive results. All 173 domestic virtual currency trading and token issuance financing platforms have been withdrawn without risk. [daily planet]