The central bank will continue on-site inspections of Bitcoin trading platforms

China Securities Network News (Intern reporter Wu Juanjuan) At 17:20 on January 25, the Business Management Department of the Central Bank (Beijing) issued an announcement saying that on-site inspections of Bitcoin trading platforms will continue, and reminded investors to pay attention to the many risks of Bitcoin platform transactions.

This is the first public statement made by the central bank after it entered the Bitcoin trading platform on January 11. During the period of the central bank's entry, the three major trading platforms first stopped the financing and currency lending business, and then started the transaction fee. After these rectification measures, the trading volume of the three major trading platforms shrank significantly. At the time of the reporter's deadline, the 24-hour trading volume of the three major trading platforms was only more than 10,000 coins. Less than one percent of its peak.

The full text of the announcement is as follows:

Recently, the People's Bank of China's Business Management Department, Beijing Financial Bureau, Beijing Municipal Administration for Industry and Commerce and other relevant departments formed a joint inspection team to conduct on-site inspections on Bitcoin trading platforms such as Huobi.com and Bihang.com. Based on the preliminary inspection results and problems found in the early stage, the inspection team decided to continue to conduct further inspections on payment settlement, anti-money laundering, foreign exchange management, information and fund security. The inspection team reminded investors to pay attention to the risks of legal compliance, market volatility, fund security and other risks of Bitcoin platform transactions, and to participate in Bitcoin investment activities with caution.