The relevant department head of the People's Bank of China: Domestic virtual currency traders and domestic affiliated entities of overseas virtual currency issuance and trading platforms will be the focus of investigation.

PANews, November 6 news: A relevant department head of the People's Bank of China stated that virtual currencies at the current stage cannot effectively meet the requirements for customer identity identification, anti-money laundering, and other aspects, and are prone to triggering market speculation and hype activities. Next, the People's Bank of China will work together with relevant departments and local governments, focusing on domestic virtual currency traders and domestic affiliated entities of overseas virtual currency issuance and trading platforms, to continue cracking down on virtual currency-related business activities within China and maintain economic and financial order.

PANews, November 6 news: A relevant department head of the People's Bank of China stated that virtual currencies at the current stage cannot effectively meet the requirements for customer identity identification, anti-money laundering, and other aspects, and are prone to triggering market speculation and hype activities. Next, the People's Bank of China will work together with relevant departments and local governments, focusing on domestic virtual currency traders and domestic affiliated entities of overseas virtual currency issuance and trading platforms, to continue cracking down on virtual currency-related business activities within China and maintain economic and financial order.