The People's Bank of China: Crack down on illegal virtual currency activities and maintain high pressure on virtual currency trading speculation

According to BlockBeats, on July 31, the People's Bank of China held a work conference for the second half of 2021, stating that since this year, it has achieved remarkable results in promoting the standardized development of platform enterprises' financial business and cracking down on illegal virtual currency activities. Together with relevant departments, we will resolutely implement the decisions and deployments of the Party Central Committee and the State Council on anti-monopoly and preventing the disorderly expansion of capital, interview leading platform companies engaged in financial business, urge them to fully implement the requirements of financial supervision, fair competition and protection of consumers' legitimate rights and interests, and carry out in-depth self-inspection and rectification. At the same time, the meeting mentioned in the requirements for follow-up work that platform companies should be urged to make comprehensive rectifications in accordance with regulatory requirements and maintain a high-pressure situation on virtual currency trading speculation. We should treat similar businesses and similar institutions equally, ensure timely and quality implementation of rectifications, maintain business continuity and normal business operations, and maintain the quality of financial services for the general public. We should adhere to marketization, rule of law, and internationalization, adhere to the "two unshakable" principles, protect property rights and intellectual property rights, and create a fair market environment.