The central bank will interview relevant people again after Bitcoin surges and plummets

NetEase Finance reported on January 10 that the transaction price hit a three-year high. After Bitcoin set off a market boom at the beginning of the year, it encountered a heavy blow from the central bank. After the central bank warned of the risks of abnormal Bitcoin transactions last week and met with the heads of relevant platforms, there are reports that the central bank will continue to meet with people related to Bitcoin in the near future to discuss Bitcoin management issues or consider setting up a third-party custodian.

However, people close to the central bank told NetEase Finance that the statement that the central bank is considering setting up a third-party custodian for Bitcoin trading platforms is not credible. A person in charge of a Bitcoin platform revealed to NetEase Finance that setting up a third-party custodian platform is a suggestion they made to the central bank, hoping to avoid risks by setting up a third-party custodian platform, but the central bank did not respond to this suggestion.

It is understood that currently, Huobi.com, Bihang, and Bitcoin China do not have third-party institutions to hold custody. At the beginning of the year, the price of Bitcoin soared all the way, and successfully broke through 8,000 yuan in the early hours of last Thursday, setting new historical highs. However, the good start of Bitcoin did not last long. During the trading session last Thursday, the highest price of Bitcoin was 1,250 US dollars/8,895 yuan, but a large number of selling orders in the afternoon caused Bitcoin to flash crash, with the lowest price being 865 US dollars/6,000 yuan, a drop of 32%.

Then, on the second day, the Shanghai headquarters and Beijing branch of the central bank successively issued Bitcoin risk warning notices. The Shanghai headquarters of the central bank said that in response to the recent abnormal operation of Bitcoin trading platforms, it had met with the main person in charge of the Shanghai Bitcoin trading platform "Bitcoin China" to understand the operation of the platform, warn of possible risks, and require it to strictly comply with relevant laws and regulations, operate in compliance with the law, and urge self-inspection and rectification.

Regarding this meeting, a person in charge of a Bitcoin platform told NetEase Finance that the main focus of the conversation was to control risks in all aspects. As for the news that the central bank will convene relevant industry insiders for a talk in the near future, the person said that he had not received any notice.

The central bank also pointed out in the aforementioned regulatory reminder that Bitcoin is a specific virtual commodity that does not have monetary attributes such as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be circulated and used as currency in the market. Institutional and individual investors should correctly view virtual commodities and virtual currencies, invest rationally, bear their own risks, maintain their own property security, and establish correct monetary concepts and investment concepts.

According to data from the Bitcoin exchange OKCoin, Bitcoin opened at 6306.79 today, roughly the same as yesterday. At around 9 a.m., the price moved upward, reaching a peak of 6450, and then entered a range of 6300 to 6400.