According to the deployment, the government departments at the Shanghai and district levels, together with the financial supervision departments such as the Shanghai Headquarters of the People's Bank of China, actively explored the situation, talked with senior executives of relevant platforms in a timely manner, and made clear the specific regulatory requirements, requiring relevant ICO-related distribution platforms to immediately stop ICO-related business, organize the withdrawal as soon as possible according to law, and reasonably protect investors' rights and interests, and required relevant virtual currency trading places to make an announcement as soon as possible to stop trading business before September 30.
On September 4th, seven ministries and commissions, including the People's Bank of China, issued the Announcement on Preventing the Financing Risks of Token Issuance, making it clear that the financing behavior of token issuance is essentially an unauthorized illegal public financing behavior, and demanding that all kinds of token issuance financing activities be stopped immediately. The Office of the National Leading Group for the Special Remediation of Internet Financial Risks also issued a notice, requiring bitcoin and other related virtual currency trading places to stop opening new accounts, reduce the number of investors and market risks, and formulate an exit plan to clarify the exit time and measures for the disposal of customer funds and assets.
At present, Shanghai's clean-up and rectification of virtual currency trading places such as ICO and Bitcoin has achieved initial results. There are 17 platforms involved in ICO issuance, bitcoin and other virtual currency transactions, namely btc China, Coin 'an, Haifeng Teng, Chain Bank, Coin Earning Network, Bitmine, 5 1 Digital Assets, China Coin Network, Bittreasure, 19800 Network, FreeWillex, ICOrace, 9800.
Up to now, the relevant ICO distribution platforms have announced to stop ICO business, and the virtual currency trading platforms have also announced to stop trading within the specified time (four of them have stopped trading). On the evening of September 14, "btc China" took the lead in announcing that it would stop the registration of new users of domestic large-scale platforms, and announced that it would stop all trading business on September 30th.
It is understood that after the trading business is stopped on September 30, Shanghai will focus on urging all trading platforms to ensure that investors can withdraw cash smoothly. Like Beijing, the relevant person in charge of the Shanghai Mutual Gold Remediation Office revealed that in principle, relevant platform executives and other personnel are required to stay in Shanghai to assist in the clearance work.
I hope everyone will cooperate.