Researcher: 99% of cryptocurrency projects are suspected of fraud and regulatory authorities need to conduct penetrating supervision

According to Shanghai Finance Network, Shao Wei, a senior researcher at the Jiuyin Bills Research Institute of Jiangxi University of Finance and Economics, published an article on Shanghai Finance Network saying that most of the cryptocurrency media provide publicity for some projects, but these projects are extremely watered down, and 99% of them are suspected of fraud. He said that at present, my country's laws and regulations on virtual currencies such as Bitcoin are still imperfect, and various virtual currency trading platforms do not have legal qualifications, and problems are emerging one after another. In this regard, it is necessary for regulatory authorities to improve the level of supervision, implement penetrating supervision, safeguard the interests of investors, and prevent financial risks.