From 2065438 to September 2007, the central bank, together with seven ministries and commissions, issued the Announcement on the Risk of Token Financing, explicitly prohibiting the transaction between RMB and digital currency and the issuance of ICO (the abbreviation of Initial Coin Offering, which means the initial public offering in digital currency).

The court reminded that the investment transactions of virtual currency are not protected by law, and investors should remain sober and rational. Virtual currency is not issued by the monetary authorities, has no monetary attributes such as compensation and coercion, has no legal status equivalent to currency, and cannot be used as currency in the market.

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On February 5, 20 13, 13, the central bank and five ministries and commissions issued the Notice on Preventing Bitcoin Risks, which confirmed the identity of Bitcoin virtual goods and prompted financial risks.

2065438+On September 4, 2007, the central bank and seven ministries and commissions issued the Announcement on Preventing the Financing Risks of Token Issuance. In this announcement, the central bank defined digital currency as a "virtual currency" rather than a "virtual commodity".

Countries around the world have different attitudes towards digital currency. North America, Western Europe and Japan are countries with high acceptance of Bitcoin. Russia defines bitcoin as illegal; Countries such as India have not yet introduced bitcoin related policies.

People's Daily Online-Court Reminds: Virtual currency investment transactions are not protected by law.

China Youth Network-Legal risks can not be ignored Expert: digital currency needs to be clarified by the regulatory authorities.