The concept of Bitcoin was first put forward by Satoshi Nakamoto in 2009. It is the electronic money produced by open source P2P software. Bitcoin is not issued by a specific monetary institution. It is generated by a large number of calculations of a specific algorithm, and uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors. On August 9, 2065438/KLOC-0, Germany became the first country to recognize the legal "currency" status of Bitcoin. 2013101On October 29th, the "world's first" bitcoin ATM was opened in Vancouver, Canada. Bitcoin can now be converted into the currencies of most countries. The development of Bitcoin in China is also extremely hot. According to the calculation of some websites, China is already the largest bitcoin trading market in the world. The daily trading volume of a domestic trading platform can exceed 100 million yuan, and a bitcoin has been fried to nearly 1600 yuan. Taobao, Baidu's accelerated music service and many merchants in some offline stores have begun to accept bitcoin pricing payment. Bitcoin transactions are anonymous. The transactions only reflect the address of Bitcoin wallet and a series of random words and numbers, and there is no information that can identify individuals. It is precisely because of this feature and its cross-border and cross-platform characteristics that it has become an excellent channel for illegal and criminal activities such as accepting bribes, money laundering, transferring assets abroad and gambling. Therefore, in some countries that recognize the legality of bitcoin, such as the United States, the supervision of bitcoin transactions has also been strengthened. 20 13, 10 10, the American silk road website was shut down on suspicion of money laundering, and the stationmaster Ross Ubud richter was arrested. In China, no competent authority has a clear statement about Bitcoin, which leads to its crazy and disorderly development in reality. Some websites openly use bitcoin to engage in illegal activities such as gambling and foreign exchange trading. There are also some websites that use Bitcoin for illegal fund-raising or fund-raising fraud. 2065438+031October 26th, 10, the website of GBL Bitcoin trading platform registered in Hong Kong was closed, and the relevant operators disappeared. The platform has previously attracted a large number of investors to invest in "Bitcoin". The current domestic bitcoin transaction chaos needs to be cleaned up and rectified. There is sufficient legal basis for this clean-up and rectification.