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Beijing news: the return of virtual currency should not make blockchain a high-tech scam

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If the myth of sudden wealth becomes the focus of the market, the public will have a serious misunderstanding of the block chain, and the technological innovation value of the block chain itself will be eliminated.

Author: yuanshan
Source: Beijing news

Regulators in Shanghai, Beijing, Inner Mongolia and shenzhen have been cracking down on virtual currencies, either by clearing up mining companies or by cracking down on activities related to virtual currencies. Beijing police have also cracked BISS fraud, an illegal digital currency exchange. The crackdown is another large-scale crackdown on virtual currencies by regulators following the ban on icos in September 2017.

On the evening of Nov. 22, the virtual currency market suddenly plunged across the board, with the price of bitcoin briefly dropping below $7,000 in intraday trading.

This time, the authorities focused on cracking down on virtual currency transactions and illegal fund-raising hidden under the cloak of blockchain. Recently, with the promotion and promotion of blockchain technology, the hype of virtual currency has shown signs of rising. In the name of "blockchain innovation", some enterprises have organized virtual currency transactions in China. To issue virtual currencies in the form of "xx COINS" and "xx chains", issue white papers, make up the usage ecology, and raise funds or virtual currency assets such as bitcoin and ethereum on the grounds of "the implementation of blockchain application scenarios"; For ICO projects registered abroad, virtual currency trading platform, etc. to provide publicity, drainage, agent trading services, etc., even some illegal organizations issue or promote legal digital currency in the name of the people's bank of China, or cheat investors with the gimmick of "legal digital currency".

When the policy makers put forward the development of blockchain and the central bank promoted the research and development of digital currency, the virtual currency recovered from the dead and took the opportunity to hype. The price of bitcoin also took advantage, hitting $10,339.37 in late October. The rise and fall of bitcoin's market value is a barometer of the virtual currency market. Recently, virtual currency is hot, and major exchanges endorse various virtual currency projects, which makes it seem that everyone has the right to issue digital currency for a while. In fact, these fake teams hope to use their own virtual currency to exchange bitcoin in the hands of users. This brings out of control phenomenon, also contains huge market risk.

In recent years, bitcoin has been the subject of controversy, and stories of sudden wealth have been circulating in the market. Those who are not familiar with the situation are either surprised by its high price and regard bitcoin as an investment derivative similar to futures or stocks, or blindly follow the wealth myth, with many investors buying into the price crash and becoming "leeks".

In a word, if the myth of sudden wealth becomes the focus of the market, the public will have a serious misunderstanding of the block chain, and the technological innovation value of the block chain itself will be eliminated, which will bring serious interference to the market development order. Of course, the rectification of relevant departments is necessary.

On the one hand, the government has intensified the clean-up and rectification of the virtual currency market, and on the other hand, it is also promoting the exploration of digital currency. In particular, the recent "digital RMB" has been constantly mentioned. Perhaps the entry of the "regular army" will push fake digital currencies out of the market.

The original link: http://epaper.bjnews.com.cn/html/2019-11/26/content_772176.htm? Div = 1

Silver block rhythm BlockBeats reminded, according to the circ and other five departments issued in August 2018 on the guard against in the name of the "virtual currency" "block chain" illegal fund-raising risk warning "file, please the public rationality block chain, don't blindly believe in reduction commitment, set up correct concept of money and investment philosophy, effectively raise the risk consciousness; To the illegal crime clue that discovers, can report to concerned branch actively reflect.