In the past two days, domestic bad news has come one after another, but the currency price has not been affected, instead of falling, it has risen.

Last night, the public accounts of several blockchain media such as Jinse Caijing.com and Coin World were blocked, their content was blocked, and their accounts were suspended. The reason given by WeChat is that these public accounts are suspected of posting ICO and virtual currency transaction hype information, which violates the law."Interim Provisions on the Administration of the Development of Instant Messaging Tools Public Information Services"(The Cyberspace Administration of China started to implement it in 2014).

but

butCaixin quoted a source close to the regulator as saying that, The regulatory authorities have a firm attitude towards this, and plan to include key blockchains and virtual currency self-media into the scope of regulatory rectification, and do not rule out the possibility of launching a package of crackdowns.

The implication is: this is not over yet.

this morning,People's Daily releases news, Jiangsu Financial Office’s special rectification of financial risks has expanded to virtual currency, and has sent letters to 13 district and municipal governments, urging the continuous and in-depth implementation of special rectification of Internet financial risks, and the rectification field has expanded to virtual currency, ICO, campus loans, cash loans, etc. Conduct on-site inspection and disposal of the key objects identified in the investigation stage.

In the afternoon, some media broke out that the leading group for the prevention and control of financial and social risks in Chaoyang District, Beijing issued a notice last week (August 17) to prohibit virtual currency promotion activities, requiring shopping malls, hotels, guesthouses, office buildings and other places not to undertake such activities. Any form of virtual currency promotion and other activities. Those who are aware of the relevant situation should report it to the District Office in a timely manner.

The Shallot APP consulted the Finance Office of Chaoyang District, Beijing, and learned that the notice was issued in the name of the District Office. The background for the release was that the relevant departments found a company named BitUP's overseas platform holds promotional activities in this area to promote virtual currency-related investment products, fund products, etc. to domestic investors. In order to protect the rights and interests of investors, this notice is issued.

After investigation, BitUP Ltd is a digital asset management and investment platform. In January 2018, it established a foundation and operating company in Singapore.

thinkthink, it will be one year since the release of the September 4th document, coupled with the frequent explosion of P2P in the past few days, financial regulatory departments at all levels will naturally attach great importance to such issues.

Therefore, as far as practitioners in the domestic currency circle are concerned, regulation can be said to be the primary factor in market changes.

Odaily will continue to follow up on the policy trends of the regulatory authorities.